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Program

Innovation Fund for Technology-Based Firms (Innofund / 创新基金)

Funds early stage technology enterprise support through a historical China innovation programme.

Innovation Fund for Technology-Based Firms, or Innofund, was the State Council-backed early-stage support route inside Torch Center for technology-based SMEs. It was created in 1999 and aimed at firms that were still too early for ordinary commercial capital.

The program used grants, loan interest subsidies, and equity investment, with support sizes in the low hundreds of thousands of dollars equ

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No upcoming rounds verified. Cadence: Annual.

Last verified: 29 May 2026Source: www.chinatorch.gov.cn