同濟大学 Entrepreneurial Finance in China TONGJI UNIVERSITY No.1_Not all start-ups need financing By Entrepreneurial Team 7.5% By Family and Friends 4.5% By Government Investment/Subsidy 1.2% By VC 1.0% Financial Support from Incubator 0.3% ￥ Bootstrapping 85.2% No.1_ Not all start-ups need financing Entrepreneurial Finance in China Bootstrapping 85.2% By Entrepreneurial Team 7.5% By Family and Friends 4.5% By Government Investment/Subsidy 1.2% By VC 1.0% Financial Support from Incubator 0.3%