Jaap van Etten: Shanghai government compensates losses startup investors

Yes, you read that title correct. To promote ‘mass entrepreneurship and innovation’, the Shanghai government will compensate local investors for their financial losses. Investment firms can get a compensation of up to 60% of their losses due to investments in seed-stage technology-based enterprises, and a maximum of 30% of losses in early-stage startup investments. The compensation for each investment project cannot exceed RMB 3 million, and the annual compensation for each investment firm is capped at RMB 6 million.

| More