We will establish the first new-media Angel Investment Fund in Foshan, and build a financing & incubation service platform together with banks, loan guarantee companies, PE/VC, and other financial institutions.
Up to now, enterprises inside the park have obtained an overall bank credit of 500 million RMB.
And at the same time we ourselves will provide angel investment to companies or projects which have strong potentiality and offer assistance of local partnership building, branding and sales channel expansion. Especially to enterprises which want to improve technological innovation ability, the angel fund will be not less than 100,000 RMB.
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