Guiyang and Gui'an help startups secure financing

Guiyang City and Gui'an New Area recently held a financing policy matchmaking event for entrepreneurs at the Guiyang Human Resources and Social Security Public Service Center, bringing together 10 startup projects and banks to explore financing opportunities.

Representatives of startup projects and banks participate in the matchmaking event. [Photo/Guiyang news network]

The participating projects, selected from entrepreneurship competitions, business matchmaking events, and recommendations from districts and counties, spanned semiconductor manufacturing, low-altitude logistics, cultural tourism and wellness, intangible cultural heritage, specialty agricultural product processing, and elderly care, with financing needs ranging from 200,000 yuan ($30,000) to 20 million yuan.

Entrepreneurs presented their project progress, funding needs, and development plans. One project, a multilayer piezoelectric actuator project, has entered the validation stage at a semiconductor fabrication plant, while a mountain-region low-altitude logistics network project is developing an integrated air-and-ground delivery system. Other projects, including Bouyei batik and medicinal polygonatum-based wellness products, are expanding their markets by drawing on local resources.

Banks and businesses held group discussions on financing eligibility requirements and loan options, with several projects continuing talks with banks to refine their financing plans.

The event also provided guidance on eligibility, loan amounts and terms, interest subsidies, and application procedures for government-backed startup guarantee loans, with staff members answering questions from participating businesses.