The first batch of projects signed by the City Angel Guidance Fund in 2023

　　On January 13th, Wuxi Capital Group held a signing ceremony for the first batch of investment projects for 2023 under the guidance of the City Angel Guidance Fund, and successfully signed contracts for the Yikun Power and Earth Pulse projects. In the future, the City Angel Guidance Fund will continue to adhere to the concept of "investing early, investing small, and investing in hard technology", focusing on the problem of "difficulty in initial investment" for seed and start-up technology-based enterprises, and providing efficient assistance to more start-up enterprises in Wuxi.

　　Yikun Power was established on December 13, 2021. It is a company dedicated to manufacturing, researching and selling disc motors (new axial flux motors), specializing in customized design for new energy electric drive systems and power generation systems. We are committed to becoming a leader in China's future new energy electric drive system industry and an advanced supplier of global new energy electric drive systems. In 2022, the company was awarded multiple military and civilian product development tasks in China, including weapons, aerospace, and shipbuilding. Among them, the drive system for the aircraft carrier multi vehicle collaborative rescue equipment and the aerospace high-pressure oil pump drive system were delivered, with multiple leading indicators domestically. The enterprise won the second prize in the 2021 Wuxi Huishan District Innovation and Entrepreneurship Competition; Third Prize in the 10th "Entrepreneurship Jiangsu" Science and Technology Entrepreneurship Competition in 2022, Third Prize in the 10th China Jiangsu Talent Innovation and Entrepreneurship Competition, Finals and Outstanding Enterprise Title in the 11th China Innovation and Entrepreneurship Competition. This angel round of financing is jointly invested by the Municipal Angel Guidance Fund and Jiangsu Jicui Composite Equipment Research Institute Co., Ltd. Jiangsu Jicui Advanced Composite Material Equipment Technology Research Institute Co., Ltd. was jointly established in April 2020 by Jiangsu Industrial Technology Research Institute, Advanced Composite Material Forming Technology and Equipment Team, and the People's Government of Huishan District, Wuxi City. The team brings together multiple experts and innovative teams in the fields of advanced composite materials, intelligent equipment, control, and testing at home and abroad, dedicated to the research and development, service, and industrialization of advanced composite material forming technology, intelligent equipment, and intelligent testing industry technology, while also taking into account the performance improvement and intelligent upgrading of traditional equipment manufacturing products. Based on an international innovation team, combining innovative technologies with industrial incubation to drive technological upgrading and strategic transformation of enterprises.

　　Earth Pulse (Wuxi) Technology Co., Ltd. is an innovative technology company dedicated to promoting the application of artificial intelligence, big data, and Internet of Things technology in the exploration field. It is the leading enterprise in the "Feifeng Talent Plan" entrepreneurship in Xinwu District in 2020 and the leading talent enterprise in the "Taihu Talent Plan" entrepreneurship in Wuxi City in 2021. From 2020 to 2021, the company independently developed a geophysical exploration node system, which is at the forefront of the world in terms of signal acquisition accuracy, distortion, and other indicators. The software functions include seismic data synthesis, seismic data processing, seismic data display, and spectrum analysis. The system integrates Beidou and GPS chips, analog-to-digital conversion chips, storage chips, as well as independently developed circuit integration solutions and seismic data management systems. It has advantages such as low power consumption, multiple high-precision time synchronization technologies, real-time quality control, and massive bandwidth (high broadband). This instrument system makes conventional geophysical exploration efficient and convenient, significantly improving engineering exploration efficiency, reducing exploration costs, and saving project operating expenses. The Wuxi Angel Guidance Fund has been operating for nearly a year and has submitted a beautiful annual "report card" - as of now, 47 projects have been approved, 24 projects have been approved, and 16 projects have been funded in 2022. The sub funds Jiangyin Xingcheng and Yixing Xingcheng have been put into operation, and two angel sector funds are planned to be established in Binhu District. Next, the City Angel Guidance Fund will establish seed funds to provide diversified financial support for more and better start-up technology companies, further optimizing Wuxi's investment ecosystem, and assisting local industrial transformation and upgrading, as well as high-quality economic development.