The government helped Tianjin Auto Abrasives Factory sail smoothly

Tianjin Auto Abrasives Factory is a private enterprise set up by laid-off workers. It has technology and customers, but no funds. At the time when the company was unable to do anything, the 2 billion yuan venture capital investment guidance fund of Binhai New Area was released. Tianjin Auto Abrasives Factory: Our total investment in the micro-production line is 1.4 billion, so among them, 60 million is a key part because it is the start-up capital.
With 14% of the shares, the company exchanged hundreds of millions of entrepreneurial guidance funds from the government and several commercial funds, and the production line was put into production smoothly. The use of government funding to attract the participation of commercial funds, such a pool of venture capital, now allows nearly 100 small and medium-sized enterprises to set sail in the new district.

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