The Shanghai government has established a technology finance firm, an insurance designed for high-tech firms and provided platforms to encourage innovation and support such firms during the global financial crisis, local officials said.
The city has opened a small-credit company in the Zhangjiang High-Tech Industrial Zone, often regarded as the local version of Silicon Valley.
According to the Science and Technology Commission of Shanghai Municipality the financial support will boost the city’s start-ups.
The special insurance for high-tech firms is on trial in Zhangjiang, which provides them with insurance on research devices, export credit and intellectual property rights protection.
Source: China Trade