Tanggu holds its 2011 annual meeting of Tanggu High-Tech Small Medium Enterprises (SMEs) Angel Capital Project application. The second batch of angel capital for SMEs project application is ongoing till November 15. The first batch, which includes 26 enterprises, will get more than CNY 6 million of Angel funding and will be provided with financial support for each project.
The average amount of angel funding support limit is CNY 100,000-300,000 with maximum amount not exceeding CNY 500,000. Angel Capital Project takes a combination of self-declaration and organization-declaration to be totally accepted so the eligible enterprises can declare by themselves with application funds up to a maximum amount of registered capital of 50%, not more than 20% of the total investment or it is not expected to be more than 20% of the expected sales revenue.
