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Binhai provides CNY 89.72 million to support Small and Medium Enterprises (SME) development
Published on: 2011-09-28
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Binhai New Area held a drive to accelerate the development of SME’s recently. This year, Binhai New Area introduced 692 new SME’s; the city registered 3041 new Internet SME’s; 2529 new SME’s were certified by Tianjin, while CNY 89.72 million was used to support these corporations.

Binhai New Area will implement five projects focusing on the comprehensive promotion of SME development, and has identified the top 100 growth small enterprises analyze according to different situations, and offer guidance while helping to study the different forms of support.  In addition, work will focus on strengthening enterprises and enhancing the work of promoting markets while speeding up financial guidance and business and financial capital funds, venture capital, social capital investment mechanisms  and developing an effective solution to enterprise development financing.

In the future, Binhai New Area will concentrate on the industry leading science and technology-oriented enterprises to increase industry investment.  Additionally, Binhai New Area will continue to increase efforts to identify technology-based SMEs while focusing on the implementation of the construction business accelerator program to strengthen state-level transformation base, increase implementation of the "doubling plan", and "Excellence plan”.
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