“拨”改“投”浇灌科创森林！210多家鲁企受惠于财政科技股权投资改革

Core Viewpoint - The article discusses the impact of fiscal technology equity investment reforms in Shandong Province, highlighting how over 210 companies have benefited from these initiatives, which aim to enhance innovation and support the growth of technology-driven enterprises [2][3]. Group 1: Fiscal Technology Equity Investment - Since 2020, more than 210 companies have benefited from fiscal technology equity investment reforms, receiving over 2.9 billion yuan in funding [2]. - The Shandong Provincial Government has shifted from traditional subsidy methods to a model that emphasizes market-oriented allocation of technology resources, using fiscal equity investments to attract social capital into the innovation chain [2][3]. Group 2: Investment Strategy - The investment strategy focuses on early-stage, small, and long-term investments in hard technology sectors, particularly in emerging fields such as semiconductors, robotics, and renewable energy [5]. - Fiscal equity investments are designed to support high-growth, innovative technology companies, with a typical investment period ranging from 3 to 10 years [3][5]. Group 3: Investment Mechanisms - Various investment mechanisms are employed, including direct equity investment, a combination of grants and investments, and a "first invest then equity" approach tailored to the needs of different companies [6][9]. - For companies in the developmental stage, the "first invest then equity" model has proven effective, as seen with Shandong Maihe Additive Manufacturing Co., which received 5 million yuan in support, leading to a doubling of sales revenue [6][9]. Group 4: Leveraging Social Capital - Fiscal equity investments not only provide direct financial support but also enhance companies' credibility and bargaining power, facilitating further investments from private capital [10][12]. - For instance, Qingdao Fengshi Technology, which received 30 million yuan in fiscal equity investment, has seen its credit rating improve, aiding its preparations for an IPO [10][12]. Group 5: Impact on Company Growth - The fiscal equity investment has been described as a "golden lever," enabling companies to attract additional financing and grow their operations significantly [10][12]. - For example, Yantai Wanlong Company benefited from a 25 million yuan investment, which optimized its equity structure and facilitated a 1:1 loan from banks, significantly aiding its listing process [12].