News of start-ups in Hainan Island, China: Angel Board service created to support start-ups of Hainan Island on the Internet

Today, the first service segment, Angel Board, started to support the Hainan Island Internet start-ups, which is a special project jointly created by the Hainan Stock Exchange under the guidance of the Provincial Department of Industry and Information Technology of Hainan Province in conjunction with Hainan Haikong Capital Venture Capital Co., Ltd. and Hainan United Asset Management Co., Ltd.

"Angel Board" will help to find investors and finance those start-ups on the island of Hainan, China, which satisfy three basic conditions: first, the start-up is registered in our province and has not been created for more than 5 years, and secondly, the annual sales or turnover does not exceed 20 million yuan, in the third, the startup has high technical content, strong innovative capabilities and business model.

Startups that meet these criteria will receive funding of 1 million yuan and lower from the Ministry of Industry and Information Technology of China, and then start-ups will have an opportunity through Angel Board to get large sums for their further development.