Nantong High-tech Zone helps sci-tech enterprises get more funds
Hu Lang, the person in charge of Jiangsu Zhuoyu Intelligent Technology Co Ltd, expressed his appreciation to the staff of the high-tech zone branch of Tongzhou district market supervision bureau on Nov 30, for they helped the company to get financing through intellectual property pledge.
In May this year, the high-tech zone branch learned that Zhuoyu Intelligent Technology had a large demand for development funds, but it faced problems such as limited mortgage loans and high loan interest rates.
Located in Nantong National High-tech Industrial Development Zone in Tongzhou district, Nantong, East China's Jiangsu province, the company is engaged in producing intelligent automation equipment, and owns over 20 authorized patents, including patents for invention and for utility models.
To solve the problem, the branch took the initiative to create a communication channel between the firm and banks. In August, the company obtained a loan of 4 million yuan ($628,426) with its intellectual property as a pledge.
This year, the high-tech zone branch of Tongzhou market supervision bureau actively publicized subsidy policies on pledge financing, to help the enterprises obtain high-quality financing with low interest, and encourage them to carry out more technology innovation.
By the end of November in the current year, Nantong National High-tech Industrial Development Zone had completed 20 intellectual property pledge financing cases, involving 20 sci-tech enterprises, and the financing amount totaled more than 103 million yuan.
