Chengdu Hi-tech Zone established a 60 billion yuan industrial fund to focus on hard-core technology and advanced manufacturing

On February 8, Chengdu Hi-tech Zone held a conference on optimizing the business environment and clarified the plan for establishing an industrial fund in 2022.

Specifically, in 2022, Chengdu Hi-tech Zone will arrange an investment of no less than 18 billion yuan to guide social capital participation and establish an industrial investment fund of no less than 60 billion yuan, of which 40% will be invested in the electronic information industry, 20% in the bio-pharmaceutical industry, 20% in the new economy industry, and 20% in other industries including modern services and future industries, with a focus on hard-core technology and advanced manufacturing projects.

At the same time, Chengdu Hi-tech Zone will invest an initial capital of 1.5 billion yuan this year to establish an angel mother fund, and invite high-quality early-stage investment institutions and venture capital institutions to jointly establish angel sub-funds, forming an angel investment fund group of more than 3 billion yuan, focusing on supporting outstanding start-up technology companies and supporting scientists and entrepreneurs to commercialize and industrialize scientific and technological innovation results.

The industrial fund establishment plan released this time will be closely linked to the layout of cutting-edge industrial fields. In addition to the 10 key industrial chains undertaken by Chengdu Hi-tech Zone itself, including integrated circuits, new displays, and artificial intelligence, it also chooses to improve the industrial chain in six sub-sectors, including network information security, XR extended reality, digital cultural and creative industries, consumer electronics, energy conservation and environmental protection, and human resources services.