N-board to help startups raise funds

As many as 50 firms will apply for listing on Shanghai's new high-tech channel

A new over-the-counter board, or the N-board, will be launched today in Shanghai for startups. The high-tech channel will help startups to raise funds as part of a nationwide campaign to encourage entrepreneurship and innovation.

The Shanghai Equity Exchange, the city's OTC board operator, said it approved the launch on Nov 20. Since then, more than 50 enterprises have applied to get listed on what has come to be also known as the "technology and innovation" board.