From a little workshop to a mass factory in home, the Guizhou Linhai New Materials Manufacturing Co., Ltd has become a enterprise with imports and exports right and has shouldered the projects of “the Technological Innovation Funds for the Scientific and Technological SMEs” under the Ministry of Science and Technology. The director of the company said that this achievement benefited from the great help of venture investment in GYPPC.
    Providing services of venture investment and comprehensive science and technology to promote enterprises in all domains is an effective way that GYPPC, the biggest S&T intermediate organization in Guizhou Province, assists the scientific and technological SMEs’s development.
The impediment of investing and financing channels is always the     “obstacle” to hold up the development of lots of scientific and technological SMEs in our province and many projects of private enterprises have to be cancelled because of the difficulty of financing. Therefore, basing on building a bridge between enterprises and S&T achievements, GYPPC carries on services of S&T venture investment and guarantee in the utilization of its own advantages of talents, information, technology, etc. At the end of 1998, Guiyang S&T Venture Investment Co., Ltd., the new entity, which established by GYPPC became the first service platform that dared to undertake both venture of investment and financing for science and technology SMEs.
    Guiyang municipal government gave energetic support to the undertaking and got out RMB 2 million yuan from the municipal three S&T expenditures in giving priority to various projects, including Guiyang municipal hi-tech and hi-tech industry, technological innovation, S&T SMEs’ development, importing hi-tech to transform traditional industries, commercializing or industrializing the major research results, etc. And the service direction is : providing loan guarantee for the development of hi-tech industry, investing directly in the projects of hi-tech industry and circulating the fund with payment.
    To avoid the venture, the company established a venture investment mechanism of operation and decision-making ---- an experts evaluation system and an experts bank involving industries in technology, market, finance, etc.