Core Points - The Shandong Provincial Government has issued upgraded implementation rules for equity investment in entrepreneurial talent projects, increasing the single investment cap for the Taishan Industry Entrepreneurial Talent Project from 10 million to 15 million yuan [1] - The investment period has been adjusted to generally 5 years, with a maximum of 10 years, reflecting the support of "patient capital" for technological innovation [1] Group 1 - Talent equity investment aims to leverage fiscal funds to guide and stimulate innovation and entrepreneurship, broaden financing channels, reduce financing costs, and support the growth of entrepreneurial talent enterprises [1][2] - Since the initiation of the talent equity investment project in 2022, a total of 38 projects have been implemented with provincial technology fiscal funding amounting to 262.6 million yuan [2] - The investment scale is determined based on the annual fiscal budget and actual project investments, with a principle that a single project investment should not exceed 25% of the total equity of the invested project [2] Group 2 - The implementation rules allow for a maximum of 30% of the fiscal equity investment returns to be transferred upon exit, particularly if the invested company goes public or is acquired by a listed company [3] - The investment targets include top talent and projects with significant potential in areas such as green and low-carbon development and new quality productivity [2]

人才股权投资通过省级科技创新发展资金安排，资金规模根据当年财政预算和项目投资实际确定， 采取注资引导投资方式实施。另外，前期投资项目陆续到期退出后，资金也会重新滚动回到资金池进入 当年的投资统筹。单个项目投资额占被投资项目的股份原则上不超过其总股本的25%，且不为第一大股 东。其中，泰山产业创业领军人才项目单个项目投资额原则上不超过1500万元，引进顶尖人才"一事一 议"创业人才项目单个项目投资额最高不超过6000万元。 近日，省科技厅、省委组织部、省财政厅印发《山东省省级创业类人才项目股权投资实施细则》 （以下简称《实施细则》），继续推进人才股权投资项目工作。据悉，升级后的《实施细则》，在投资 额度上，将泰山产业创业领军人才项目单项投资上限从1000万元提升为1500万元；同时，在投资周期 上，将参股期限调整为一般5年、不超过10年，充分体现"耐心资本"对科技创新的支持。 《实施细则》提出，股权退出时可适当让渡收益，至多可达30%。如投资期内被投资企业上市或被 上市公司收购，或成长为"独角兽"、专精特新"小巨人"、"制造业单项冠军"等高成长性企业的，最高可 让渡30%财政股权投资收益。（记者 王亚楠 通讯员 ...