A comprehensive technological innovation index of companies based in the Guiyang Economic and Technological Development Zone (GETDZ) – located in Guiyang, capital city of Southwest China's Guizhou province – was recently launched.
The aim is for the index to support tech groups in the GETDZ in their bid to secure funding.
The new index gauges the innovation foundations, innovation input and innovation output of the zone's resident enterprises.
Based on the measure, a list of the top 10 technological innovation companies has been drafted and using it, unsecured tech innovation credit loans will be offered.
Recently, a number of companies have successfully commercialized their scientific and technological achievements using sci-tech funding.
Plans are for the GETDZ to also provide financing services for upstream and downstream enterprises serving the businesses on the list – helping tech-based micro, small, and medium-sized enterprises to get funding they would normally be denied due to their small scale and lack of collateral.