Recently, the Department of Science & Technology of Shandong Province and the Shandong Provincial Department of Finance jointly issued the Reform Work Plan for Provincial-level Financial Sci-tech Equity Investment Projects in Shandong Province (hereinafter referred to as "the Plan"). According to the Plan, Shandong Province will focus on "0-1" and "1-10" sci-tech innovation growth enterprises.

In 2020, the Department of Science & Technology of Shandong Province and the Shandong Provincial Department of Finance set up an equity investment plan for sci-tech capital in the provincial-level sci-tech innovation development funds. So far, 1.74 billion yuan has been invested to support 95 sci-tech enterprises and 3 billion yuan of social capital has been attracted. In order to promote the in-depth integration of the sci-tech and finance industries, the Plan has launched a series of reform measures in due time.

Based on the current equity investment in projects to industrialize the sci-tech achievements made by enterprises and to attract and cultivate entrepreneurial talents and combined with Shandong's sci-tech planning project system, the Plan supports about 200 sci-tech projects every year. Notably, the focus is placed on strengthening the weak links in industrial chains and clusters and supporting small and medium-sized sci-tech enterprises to cooperate with universities and research institutes to achieve breakthroughs in core technologies in key fields and commercialize achievements. The maximum investment for a single project can reach 15 million yuan.