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.
Jaap van Etten: Shanghai government compensates losses startup investors
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