In order to promote the establishment of the scientific and technological innovation system and explore a new mechanism for incubating high-tech enterprises, Nanjing Membrane Materials Industry Technology Research Institute Co., Ltd. and Nanjing Membrane Materials Industry Investment Management Co., Ltd. have signed a cooperation agreement to set up seed funds for the entrepreneurship service center of Jiangsu Membrane Technology Industrial Park. In order to strengthen the management of seed funds and improve the use efficiency of seed funds, the following management measures are formulated.
1、 Seed fund is a special fund to incubate and encourage scientific and technological personnel to start their own businesses in the initial stage. Through guiding investment, we will attract further social investment in technological innovation projects provided by technology entrepreneurs, and support new investment mechanisms for technological innovation and high-tech industrialization.
2、 The seed fund makes it grow through financial support and consulting services for technological innovation projects and technology-based start-ups.
3、 The use and management of seed funds must comply with relevant national laws, administrative regulations and financial rules and regulations, and follow the principles of honest application, fair acceptance, scientific management, preferential support, openness and transparency, and earmarking for specific purposes.
4、 The total amount of seed funds is 50 million yuan, which is jointly funded by Nanjing Membrane Materials Industry Technology Research Institute Co., Ltd. and Nanjing Membrane Materials Industry Investment Management Co., Ltd.
5、 Nanjing Membrane Materials Industry Technology Research Institute Co., Ltd. is the competent department of seed funds, which is responsible for reviewing and issuing the annual support priorities and work guidelines of seed funds, and supervising and managing the use of seed funds.
6、 Jiangsu Membrane Technology Industrial Park Entrepreneurship Service Center has a Planning and Development Department, which is responsible for the daily implementation and management of seed funds. The Planning and Development Department performs the following functions: application acceptance, procedural review, research and preliminary selection of seed fund projects, organization and implementation of review and demonstration, undertaking corresponding rights and obligations as the representative of seed fund rights and interests, and being responsible for the implementation, management, acceptance, recovery and daily management of seed fund projects.
7、 Priority areas of seed fund support are: new materials, energy conservation and environmental protection.
8、 The use of seed funds is mainly for incubators in the entrepreneurship service center of Jiangsu Membrane Technology Industrial Park.
9、 Conditions for declaration of seed funds:
1. Requirements for the application project:
(1) The declared technological innovation projects shall meet the requirements of national industrial and technological policies, have certain innovation connotation and high innovation level, and the achievements shall be competitive in the market;
(2) The declared technological innovation projects should have clear market prospects;
(3) The declared technological innovation projects have generally completed the research in the laboratory or pilot scale, and can be mass produced;
(4) The declared project may form a new area of technological advantage in the region, or significantly improve the technical level and competitiveness in this area, or form a new pillar industry in the region, or promote the technological progress and industrial development of other industries.
2. Requirements for the applicant
(1) The applicant enterprise has been legally registered with the local administrative authority for industry and commerce and has the status of enterprise legal person;
(2) The applicant has signed a settlement agreement with the Entrepreneurship Service Center of Jiangsu Membrane Technology Industrial Park and has settled in;
(3) The applicant enterprise shall be a small scientific and technological enterprise in its initial stage of development, with a registered capital generally not exceeding 10 million yuan;
(4) The applicant enterprise shall mainly engage in the research, development and production of high-tech products, have a sound financial management system, and have a certain amount of working capital;
(5) The applicant shall master the core or necessary R&D and production technology of the application project, have the necessary equipment and talent team for R&D and production, and have independent intellectual property rights for the application project.
(6) The use of seed funds is paid use and investment. The maximum limit of paid use is 1 million yuan, and the maximum limit of investment is 10 million yuan.
10、 Application and primary selection of seed fund projects
The Planning and Development Department is the acceptance department for the application of seed fund projects. It can accept the application of technological innovation projects at any time. The applicant must provide the application materials according to the specific requirements of the Planning and Development Department. The Planning and Development Department shall first conduct a procedural review of the application qualification of the applicant, the accuracy and authenticity of the application materials, organize relevant personnel to conduct research, make a preliminary screening of the projects, and submit the projects that meet the seed fund support conditions to the expert committee for review and demonstration.
11、 Review of seed fund projects
The Planning and Development Department is responsible for organizing the seed fund expert review committee for science and technology entrepreneurship (hereinafter referred to as the expert committee) composed of relevant experts, leaders of the Economic Development Bureau, the Human Resources and Social Security Bureau and the Finance Bureau to take charge of the review and demonstration of the seed fund project according to the actual situation of the seed fund preliminary selection project, and providing advice for the formulation of the annual priority support fields and priorities of the seed fund.
12、 Decision making of seed fund project
According to the review or letter review opinions of the expert committee, the Planning and Development Department shall review the project, determine the project, quota and use method of seed fund support, prepare the special plan and implement the project.
13、 Implementation of seed funding projects
1. Paid use method: The paid use of seed funds is limited to three years at most, and certain preferential policies are implemented, that is, in the first year, if the fund is repurchased, only 50% of the current bank interest rate will be charged, in the second year, if the fund is repurchased, only 80% of the current interest rate will be charged, and in the third year, the principal and occupancy fee will be recovered normally according to the contract terms. The paid use of seed funds must go through the corresponding guarantee or mortgage procedures, and the occupancy rate shall be subject to the bank loan interest rate for the same period. The specific proportion shall be determined by the Planning and Development Department and the project undertaking enterprise through consultation according to the actual situation of the project. The enterprise undertaking the project shall go through relevant formalities according to the specific requirements of the Planning and Development Department.
2. Investment mode: The seed fund is mainly invested in the form of project investment. In principle, the total amount shall not exceed 10 million yuan. After the project is approved, the project owner signs a contract with Jiangsu Membrane Science and Technology Industrial Park Entrepreneurship Service Center to register a company in Jiangsu Membrane Science and Technology Industrial Park Entrepreneurship Service Center. Generally, the project technology is not recognized as capital stock, but it can have no more than 35% of the dividend rights after being recognized by shareholders. The enterprise undertaking the project shall go through relevant formalities according to the specific requirements of the Planning and Development Department.
14、 Management and recovery of seed fund projects
1. Management of seed fund projects:
The Planning and Development Department shall organize relevant personnel to manage seed fund projects and project undertaking enterprises, make regular visits and surveys, keep abreast of the use of seed funds and the progress of seed fund projects, and report to the Planning and Development Department in a timely manner. Any problems found shall be handled and solved by the Planning and Development Department in a timely manner.
2. Recovery of seed funds:
(1) The investment shall be recovered by means of equity transfer and equity repurchase;
(2) For paid use, the principal and occupancy fee shall be recovered.
3. Clearing and verification of seed fund projects:
If the seed fund project fails, the implementation of the project and the reasons for the failure will be evaluated according to the provisions of the Company Law of the People's Republic of China and the cooperation terms signed by both parties, and the reasons, responsibilities and obligations of both parties will be identified. If the failure is caused by unforeseeable factors, the loss of the fund after liquidation will be reviewed by the Planning and Development Department, the Office and the Board of Directors, and reported to the Expert Committee for verification after approval. If it is confirmed that the seed fund project fails due to human factors, the legal responsibility of the enterprise and relevant personnel undertaking the seed fund project will be investigated according to law.
15、 Early termination of contract
The Planning and Development Department has the right to terminate the contract in advance in any of the following circumstances:
1. Enterprises undertaking seed fund projects misappropriate seed funds and practice fraud without authorization;
2. Stop the development and production of seed fund projects;
3. The seed fund project cannot be implemented as planned without proper reasons;
4. Major legal disputes occur in the enterprises undertaking seed fund projects;
5. After investigation and demonstration by the Planning and Development Department, it is determined that the seed fund project has no clear development prospects.
16、 Obligations of enterprises undertaken by seed fund projects
Enterprises undertaking seed fund projects shall regularly submit financial statements and other relevant materials to the Planning and Development Department, and shall actively cooperate with the Planning and Development Department in visiting and investigating and supervising the use of seed funds. Enterprises undertaking projects that misappropriate seed funds without authorization, practice fraud, fail to return principal and occupancy fees on time, fail to pay dividends on time, and fail to cooperate with the financial work will be suspended from applying for the qualification of use. At the same time, the Planning and Development Department will investigate the legal responsibility of the enterprise undertaking the project according to the provisions of the relevant contract terms.
17、 The Measures shall be implemented as of the date of promulgation, and Nanjing Membrane Materials Industry Technology Research Institute Co., Ltd. shall be entrusted by the Expert Committee to interpret and modify them.
Jiangsu Membrane Technology Industrial Park Entrepreneurship Service Center