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GUi start-up loan boosts tech enterprises with up to $2 million in credit

Updated: October 16, 2024

Grand Union of Innovation (GUi) in Hefei is empowering tech enterprises by providing substantial financial support through its start-up loan program.

This innovative financial product offers credit loans based on the qualifications of the startup teams, rather than traditional revenue metrics.

The program has supported 77 companies with nearly 360 million yuan ($50.87 million) in funding, with 80 percent receiving their first-ever credit loan. This initiative has been instrumental in helping high-end talent and cutting-edge projects thrive in GUi.

Anhui Keyi Information Technology Company is one of the successful stories. The AI-driven tech company received a loan of five million yuan to overcome funding shortages due to extensive research and development investments. The financing helped accelerate the company's commercialization efforts, and it has now been recognized as a "little giant" in AI vision detection.

The Keyi AI + machine vision detection headquarters project. [Photo/GUi]

Another example is Hefei I-TEK OptoElectronics Company, which received multiple credit loans to support its expansion. In 2023, the company became China's first "industrial camera" firm listed on the sci-tech innovation board (STAR Market) at the Shanghai Stock Exchange.

With flexible thresholds and fast approvals, GUi's start-up loan continues to provide key funding, driving the commercialization of technological innovations and supporting the next wave of high-tech breakthroughs.

The Hefei I-TEK OptoElectronics Company. [Photo/GUi]

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