Now, it is the first anniversary of state level Ningbo High-tech Part. State Development bank and Ningbo High-teck Park signed cooperative agreement to set up investment fund of pioneering and innovation for small and middle sized enterprises. The fund has totaled 1 billion Yuan, ranking No. 1 among risk investment funds in Ningbo. The purpose of the fund is to give financial support to growing scientific and technological enterprises and solve the problem of investment shortage for them.