Wuxi Angel Investment Guidance Fund was unveiled and established

　　On the afternoon of December 17th, the Wuxi Angel Investment Guidance Fund held a plaque unveiling ceremony in Wuxi. Du Xiaogang, the Secretary of the Municipal Party Committee, attended the event and unveiled the plaque for the fund; Vice Mayor Gao Yaguang presided over the ceremony; The Secretary of the Party Committee and Chairman of the Board of Directors of Guolian Group gave a speech and introduced the investment strategy of angel guided funds. The leaders and guests participating in this event also include Jiang, the Deputy Secretary General of the Municipal Party Committee; Zhou Haoming, Deputy Secretary General of the Municipal Government; Main responsible persons of municipal (county) district governments and Wuxi Economic Development Zone Management Committee; Main responsible persons of member units of Wuxi Angel Investment Guidance Fund Management Committee; Responsible person in charge of Jiangnan University; Representatives of venture capital institutions; Representatives of banking and financial institutions; Representative of entrepreneurial carriers; Representatives of technology-based enterprises in the seed stage and start-up stage.

　　The Wuxi Angel Investment Guidance Fund, which was unveiled this time, is managed by the Financial Venture Capital Group under the Guolian Group, with a total scale of 1.5 billion yuan. Through the parent subsidiary fund structure, the maximum capital scale can be expanded to 4 billion yuan. It mainly invests in strategic emerging industries represented by integrated circuits, the Internet of Things, biomedicine, and "two machines" in our city, and focuses on major technologies with forward-looking, pioneering, and exploratory capabilities such as gene manipulation and protein engineering, virtual reality, carbon capture and storage. The fund will fully rely on the existing technology industry resources in Wuxi, achieve "state-owned capital guidance, market-oriented operation, and maximum risk tolerance", and maximize "early investment and small investment" through equity investment, cultivating more "young eagles", "gazelles" and "specialized, refined and innovative" small giants. The establishment of the Wuxi Angel Investment Guidance Fund is of great significance for promoting technological innovation and achievement transformation in Wuxi, filling the gaps in venture capital, assisting the development of seed and start-up technology-based enterprises, and cultivating and developing strategic emerging and future industries.　

　　At the unveiling ceremony, a group of cooperative funds and investment projects signed contracts on site. As a municipal angel investment guidance fund management institution, the company's Jintou Capital has signed contracts with five intended sub funds, including Binhu District, Jiangyin High tech Zone, Xinwu District, Xishan District, and Huishan Development Zone; Signed contracts with a total of 10 proposed investment projects from various sectors.