Xi Venture Capital actively supports the landing of three industry special funds with a total scale of 10 billion yuan in Wuxi
On June 21st, the Jiangsu Province Strategic Emerging Industries Mother Fund with a total scale of 50 billion yuan was launched and put into operation. Xi Venture Capital follows the requirements of the Wuxi Municipal Party Committee and Government. Since the second half of last year, it has actively participated in the application for the Jiangsu Province Strategic Emerging Industry Mother Fund and successfully completed the application and landing of three funds with a total scale of 10 billion yuan: the Jiangsu Province Integrated Circuit (Wuxi) Industry Special Mother Fund, the Jiangsu Province Biomedical (Wuxi) Industry Special Mother Fund, and the Wuxi Future Industry Angel Fund.
The total scale of the Jiangsu Integrated Circuit (Wuxi) Industry Special Mother Fund of the Integrated Circuit Industry Fund is 5 billion yuan. The fund aims to promote the high-quality development of the integrated circuit industry in Wuxi, help build an integrated circuit industry cluster with core competitiveness and international influence in Wuxi, further optimize the structure of the integrated circuit semiconductor industry in Wuxi, supplement supporting facilities, focus on cultivating core technology enterprises in the upstream, midstream and downstream of the industrial chain, and enhance the value of the local integrated circuit industry chain in Wuxi.
The total scale of the Jiangsu Province Biomedical (Wuxi) Industry Special Mother Fund for the Biomedical Industry Fund is 4 billion yuan. The fund will aim to achieve high-quality development of the entire industry chain, enrich the five in one development model of "leading direction+leading enterprises+professional funds+research and development institutions+service platforms" in Wuxi, further promote the upgrading of Wuxi's biopharmaceutical industry and the expansion and introduction of the industry chain, and help Wuxi build a trillion level biopharmaceutical industry.
The total scale of Wuxi Future Industry Angel Fund is 1 billion yuan. The fund adheres to the investment philosophy of "investing in foresight, investing in the future, and investing in talent". Through provincial and municipal linkage, it further cultivates and develops forward-looking strategic emerging industries, accelerates the layout of future industries with great development potential, high technical requirements, wide cross disciplinary influence, strong industry driving force, and strategic significance. Relying on key regions and characteristic industrial parks, it actively supports key technology and core product enterprises in key industrial areas, and seizes the high ground of future industrial development.
All three funds will adhere to market-oriented operation and professional management, with a duration of 15 years, including an investment period of 8 years and an exit period of 7 years, strengthening Wuxi's "patient capital". Xi Venture Capital will continue to participate in the subsequent establishment of the three funds, promote their standardized and efficient operation, fully leverage the guiding and leveraging role of the funds, and accelerate the high-quality development of related industries in Wuxi.
