最高出资80%，天津出台创投新政

Core Points - The article discusses the recent release of measures by the Tianjin Municipal Government aimed at supporting the high-quality development of venture capital in the region [1][4] - The measures include increasing government funding ratios for venture capital funds and establishing mechanisms for profit-sharing and exit management [1][6] Group 1: Government Support for Venture Capital - The Tianjin government aims to guide venture capital institutions to invest in early-stage, small, and long-term hard technology projects [5] - The maximum government funding ratio for venture capital funds can be increased to 70% for single-level fiscal contributions and 80% for combined contributions from municipal and district levels [7] - A profit-sharing mechanism will be established for government venture capital funds, allowing for returns based on excess investment profits [7] Group 2: Management and Optimization of Venture Capital Funds - The article emphasizes the need for standardized management of government venture capital funds, including the integration of funds within the same industry to enhance efficiency [7] - It highlights the importance of establishing a clear exit management system to facilitate smoother project exits and encourage rolling investments [7][8] Group 3: Enhancing the Role of State-owned Capital - The measures encourage the establishment of state-owned venture capital funds that focus on national strategies and key technologies [8] - A management system for state-owned venture capital funds will be developed to ensure risk-sharing and benefit-sharing among stakeholders [8] Group 4: Supporting Technological Innovation - The article outlines initiatives to innovate financing models, including the development of loan products linked to technology investments [9] - It promotes the transformation of technological achievements and encourages collaboration between venture capital institutions and technology service providers [10] Group 5: Expanding Exit Channels for Venture Capital - The measures aim to facilitate the listing of technology companies and provide support for venture capital institutions in the listing process [10] - A mechanism for the transfer of shares in venture capital and private equity funds will be established to enhance market liquidity [10] Group 6: Service and Talent Attraction - The article discusses the establishment of a one-stop service mechanism to assist venture capital institutions with registration and compliance [11] - It emphasizes the importance of attracting professional talent to the venture capital industry through supportive policies [11]