From now until the end of June, the Zhongguancun Administrative Committee will cooperate with 30 well-known venture capital institutions to provide 30 billion yuan ($4.24 million) of investment to micro, small and medium-sized technology enterprises at the initial or growth stage. 

The first group of those institutions focuses on high-grade, precision and advanced industries as well as key industrial fields, and invests in projects at the early or mid-term stage.

High-quality enterprises that have obtained angel investment or A-round investment and incubated enterprises are given priority. 

The investment method is mainly equity investment, and joint investment models such as investment-loan linkage and investment-guarantee linkage are encouraged. 

To ensure smooth progress of the investment program, the Zhongguancun Administrative Committee will adopt the following measures:

Collect financing needs. The committee will solicit micro, small and medium-sized technology enterprises that have urgent financing needs. 

Carry out financing docking. It will connect high-quality projects with venture capital institutions by organizing a "Zhongguan International Frontier Technology Innovation Competition", a "Z-park Emerging Field Challenge", and online scientific and technological achievement transformation activities. 

Strengthen equity-debt linkage. The committee will then assist high-quality projects to connect with financial institutions such as banks and guarantee companies, design innovative financial products and provide follow-up financing and comprehensive financial support for enterprises. 

Improve policies and localized services. Not stopping there, the committee will strengthen cooperation with government guiding funds and investment platforms of each sub-park, organize special docking activities, and help enterprises benefit from support policies that have been issued. 

In addition, it will guide venture capital institutions to accelerate investment during the epidemic by providing them with risk subsidies and publicizing their activities. 

Venture capital firms and investment teams with significant achievements will be preferred as "Zhongguancun Hard&Core Technology Venture Capital Institutions" and "Zhongguancun Hard&Core Technology Investors", and their investment placements will be promoted. 

Attachment: The first venture capital institutions are Sequoia, Matrix Partners China, Hillhouse Venture Capital, Gaorong Capital, CASH Capital, Legend Capital, Qiming Venture Partners, Northern Light Venture Capital, Lenovo Capital, Hongtai Aplus, Shunwei Capital, Zhongguancun Capital, CETC Core Technology Research and Investment Fund, Zhongguancun River Capital, China Broadband Capital, Source Code Capital, Huagai Capital, Sinovation Ventures, ZhenFund, Innoangel Fund, TusStar, Koala Fund, CASSTAR, Unity Ventures, Chenshan Capital, Soaring Capital, Lotus Lake Fund, Peakview Capital, Alwin Capital and 3E Bioventures Capital.