A corporation symposium on innovation and entrepreneurship-friendly technology and the financial ecosystem sponsored by the Science and Technology Innovation Bureau of the Beijing Economic and Technological Development Area (BDA) was convened on April 27.

The meeting centered on the online platform for the transformation of scientific and technological achievements in Beijing's "three science cities and one hi-tech area" — Zhongguancun Science City, Huairou Science City, the Beijing Future Science Park and the BDA.

During the conference, E-Town Leasing joined the BDA's Entrepreneurship and Innovation-Friendly Technology Financial Service Alliance.

Heads of E-Town Leasing and over 40 institutions from banks, funds, securities, investment and financing circles attend the conference. [Photo/etowncapital.com]

The alliance was initiated by 10 financial institutions from the banking, funding, insurance, securities and investment community last year at the opening ceremony of the 2020 Entrepreneurship and Innovation Week to create a friendly technology financial service system combining innovation and industrial and capital chains. 

Alliance members focus on the financing needs of innovative enterprises at the stage of industrialization.

They also empower the BDA to become a first-class innovation and entrepreneurship ecosystem by encouraging the establishment of industrial funds, venture capital, investment-loan linkages, financial leasing, technology insurance, technology guarantees, intellectual property pledges and other diversified services. 

This year, the alliance has expanded from 10 start-ups to more than 20, which will further promote the upgrading of financial service capabilities for technological achievements transformation projects.

Attendees of the meeting pose for a group photo. [Photo/etowncapital.com]

The newly joined institutions include CICC Capital, Zhongguancun Kaiyuan Capital, Beijing Jingxi Cultural & Tourism Technology Investment Fund Management Co., Ltd., Yitang United Fund and other financial institutions, all operating in "three science cities and one hi-tech area".