Core Viewpoint - The rapid growth of "Six Little Dragons" in Hangzhou has sparked nationwide discussions on the financial support needed for the development of innovative enterprises, highlighting the essential role of patient capital in nurturing unicorns [1][4]. Financial Policies and Measures - Guangzhou Development Zone and Huangpu District have introduced new financial policies aimed at addressing the specific financing needs of local innovative enterprises, including a maximum support of 20 million yuan for qualifying financial institutions and 500,000 yuan for individual enterprises through intellectual property pledge financing [1][6]. - The total scale of the newly established technology innovation and entrepreneurship investment mother fund is set at 5 billion yuan [1]. Challenges in Financing - Traditional credit models often deter financial institutions from supporting high-tech, high-risk, and low-capital innovative enterprises, particularly during their early stages when they lack collateral [4][5]. - The financial policies aim to provide substantial support to venture capital and private equity firms, encouraging them to invest early and in smaller amounts in hard technology [4][8]. Financial Resource Optimization - The new policies include incentives for establishing licensed financial institutions and subsidiaries, with support amounts reaching up to 20 million yuan for headquarters and 1.5 million yuan for professional subsidiaries [6][8]. - The policies also aim to enhance the quality of financial services by providing subsidies to venture capital firms that invest in local innovative enterprises [8][9]. Intellectual Property Financing - The financing scale for intellectual property pledges in Guangzhou Development Zone and Huangpu District has exceeded 15.2 billion yuan, with subsidies amounting to approximately 17.4 million yuan benefiting over 1,132 enterprises [10]. - The new policies encourage enterprises to use their intellectual property as collateral for financing, offering support of up to 500,000 yuan per enterprise [12][13]. Ecosystem for Innovative Enterprises - The region has established a modern financial service system that includes a policy framework, nurturing projects, service mechanisms, and activity brands to support enterprises at different stages of development [16]. - The introduction of a 5 billion yuan technology innovation and entrepreneurship investment mother fund aims to attract social capital to invest in strategic emerging industries [16].