China's first technology rental company, Zhongguancun Science and Technology Rental (Beijing) Ltd, was recently founded in Beijing's Zhongguancun Science Park to support small and medium-sized science and technology companies in the park.

The new company has six stockholders – including Zhongguancun Development Group, Nanshan Capital and OriginWater – with a total investment of 500 million yuan ($80.35 million).

This is China's first science and technology rental company that provides financing-related rental and consulting services to technology companies. Its business scope will also cover cluster rentals, risk compensation funds, innovation rentals, and venture rentals.

The company's establishment was approved by the Ministry of Commerce and the State Administration of Taxation.

Edited by Chen Zhilin and Michael Thai