Zhongguancun Lingchuang Finance Information Service Co Ltd reached a strategy cooperation agreement with Zhongguancun Entrepreneurship Eco-development Promotion Association, Ami Advanced Materials Incubator, Ailifang (Beijing) Technology Service Co Ltd and Beijing Dejun Consulting Co Ltd on March 27.

The cooperation aims to help Zhongguancun's startups to improve their financing efficiency, broaden their access to finance, find suitable investors and financing methods, and solve their practical problems.

The five parties will jointly establish a new service mode integrating sci-tech finance, entrepreneurial ecology, incubators, accelerators and technology service platforms.

The Zhongguancun Entrepreneurship Eco-development Promotion Association officially awards Lingchuang Finance its "membership unit". [Photo provided to chinadaily.com.cn]

The Zhongguancun Entrepreneurship Eco-development Promotion Association officially designated Lingchuang Finance a "membership unit" to support Zhongguancun's ecological construction of entrepreneurship.

Under the guidance of the Zhongguancun Administrative Committee, Lingchuang Finance was established by the Zhongguancun Development Group with the aim of promoting public entrepreneurship and innovation and supporting development of start-ups. The company's financial services for start-ups in Zhongguancun consist of three parts- -- microcredit, investment and internet finance.

Several financing assurance companies, banks and venture institutions, such as Beijing Zhongguancun Sci-tech financing Guaranty Co Ltd, Beijing Bank and Zhonghai Investment courted promising startups at the signing ceremony.

A manager of Lingchuang Finance introduced how to choose debt financing and equity financing in a suitable way to seed startups.

The manager said, "The cooperation foreshadowed a new step for our company in the establishment of 'a financial services ecosystem' and supports Zhongguancun startups' expansion."