The RMB 1 billion Wuxi Future Industry Angel Fund has completed business registration

　　On December 26th, the Wuxi Future Industry Angel Fund, with a total scale of 1 billion yuan, completed its business registration. Since the launch of the fund's manager selection process on September 26th, after a series of preliminary material reviews, due diligence, and result publicity, the Wuxi Future Industry Angel Fund is about to enter a new stage. The fund will further leverage patient capital, rely on key areas and characteristic industrial parks in Wuxi, proactively plan and develop key technologies and core products in key industrial fields, and accelerate the race to seize the commanding heights of future industrial development.

　　The Wuxi Future Industry Angel Fund, with a total size of RMB 1 billion, is jointly established by Jiangsu Provincial Strategic Emerging Industries Master Fund Co., Ltd., Wuxi Innovation and Entrepreneurship Angel Investment Guidance Fund, Wuxi Innovation Investment Group Co., Ltd., and Wuxi Liangxi Science and Technology City Innovation Investment Co., Ltd. The fund will adhere to the investment philosophy of "investing in foresight, investing in the future, and investing in talent" to further cultivate and develop forward-looking strategic emerging industries. With the goal of full-chain development of related industries, the fund aims to further optimize the structure of strategic emerging industries within Wuxi, supplement supporting facilities, focus on cultivating core technology enterprises in the upstream, midstream, and downstream of the industry chain, and enhance the value of the local industry chain in Wuxi.