Recently, the Department of Science and Technology of Shandong Province, the Organization Department of the CPC Shandong Provincial Committee, and the Shandong Provincial Department of Finance issued the Implementation Rules for Equity Investment in Provincial Entrepreneurial Talent Projects in Shandong Province and continued to promote the work of talent equity investment projects.
According to the upgraded Implementation Rules, in terms of investment amount, the single-investment limit for the Taishan Industrial Entrepreneurship Leading Talent Project was raised from 10 million yuan to 15 million yuan. Additionally, in terms of the investment cycle, the share-holding period was adjusted to generally 5 years and no more than 10 years, which fully demonstrated the support of patient capital for technological innovation.
Focusing on areas such as the replacement of old growth drivers with new ones, green and low-carbon high-quality development, and cultivating and developing new quality productive forces, these policies will give priority to supporting projects with a strong leading and driving role, as well as greater development potential and space. In the past three years since the implementation of the projects, a total of 262.6 million yuan has been invested in provincial financial funds for science and technology, and 38 talent equity investment projects have been organized and implemented.