The adequate supply of funds has become a bottleneck for enterprises in the process of scientific research and innovation. Over the past five years, Jiangsu has provided strong support to entrepreneurs by promoting the docking of finance, investment institutions and enterprises through such platforms as science and technology entrepreneurship competitions.
These seemingly common toiletries can let the air expand water 20 times because of the use of static foaming technology. When cleaning the toilet, these toiletries can save water use by up to 80%.
Shi Chunlong, founder of Jiangsu Foam Environmental Technology Co. Ltd won the third place last year in the 4th provincial entrepreneurship contest with the help of these innovative toiletries, opening up the channels for financing.
Jiangsu TV Joy Co. Ltd has also gained a lot from the provision of venture capital. The company is committed to children's channel on the TV network. This year the company entered the fifth session of "Entrepreneurial Jiangsu" Science and Technology Entrepreneurship Competition, attracting venture capital firms to seek cooperative opportunities.
In the past five years, startup businesses in Jiangsu have gained momentum from the provision of venture capital which has in turn boosted the market potentiality.
The participating enterprises have received more than 8 billion yuan of credit line from the banks and the venture capital firms have invested more than 2 billion yuan in the winning enterprises. 17 of these enterprises have been listed on the new growth market, accounting for 10% of the total.
