June 16 witnessed the launch of the sixth “Chinese Entrepreneurs”, Beijing SME Innovation and Entrepreneurship Competition, and “2021 Beijing Entrepreneurs”, an Innovation and Entrepreneurship Competition. The competition will widely solicit and select outstanding projects from high-end technology industries, cultural and creative industry, and new handy service for the public.

As the co-organizers, ZGC Sci-tech Leasing and ZGC Sci-tech Guarantee, two members of ZGC Development Group, actively provide tailored services to support this competition, fulfilling the mission of financial service institution.

ZGC Sci-tech Leasing has launched a customized financial leasing product--“Entrepreneur Leasing 2.0” -- to help high-growth SMEs with core innovation capabilities speed up their development. The product helps SMEs with financing by taking their R&D equipment, testing instrument, production equipment and IP with high market value like patents as lease subject matter. The maximum amount of financing can be up to 90% of the value of the lease subject matter, with terms between one and five years and preferential fees.

ZGC Sci-tech Guarantee has tailored two services for this competition. One is providing financing guarantee, up to 2 million yuan, for technology enterprises with a relatively large size. The other service is to offer financing guarantee of up to 3 million yuan for tech companies with a good tax-payment history and non-tech firms in non-banned industries.

This competition, with the theme of “center on the industrial chain, deploy the innovation chain, and configure the capital chain”, focuses on stimulating innovation potential and pooling entrepreneurial resources, creating an atmosphere of “mass entrepreneurship and innovation”. Its eventual aim is to build a platform for SMEs and entrepreneurs to exchange ideas, showcase innovation, connect industries with finance, and incubate projects.