The City Angel Guidance Fund has completed the delivery of the first two projects
On April 12th, the Wuxi Angel Guidance Fund, with a scale of 1.5 billion yuan, completed investments in two projects, Semiken Tuo and Shengya Medical, providing strong support for the development and growth of local "hard technology" specialized and new projects such as integrated circuits and biomedicine in Wuxi.
The Wuxi Angel Guidance Fund was registered and established on December 13, 2021, and completed the registration with the Fund Industry Association on January 21, 2022, reaching investable status. The fund adheres to the principle of "early investment, small investment, and new investment", aiming to accelerate the optimization and transformation of Wuxi's urban industrial structure, promote technological innovation and achievement transformation, and accelerate the cultivation and development of strategic emerging industries and future industries. Since the establishment of the fund, our company has selected and reserved a batch of seed and angel investment targets with angel investment value through market-oriented methods. Among them, the first batch of Saimi Kentuo projects that completed investment mainly focus on semiconductor electronic detonator chips and modules, which are seed round star projects incubated by the listed company's Lixin Micro Technology team; Shengya Medical specializes in intelligent ultrasound breast diagnosis systems and corresponding image analysis equipment, breaking the technological monopoly of giants such as Siemens and GE in this field.
In addition to the two completed investment projects mentioned above, Angel Guidance Fund currently has five other projects including Guangyi Technology, Yikun Power, and Jingrongchuang Materials that have been approved by the Fund Investment Committee and are gradually signing investment agreements and making investment contributions; In addition, about 10 companies have been approved by the fund approval committee. At the same time, the City Angel Guidance Fund actively promotes the establishment of equity cooperation relationships with various sectors, further expands its scale through the parent subsidiary fund structure, and strengthens its support for innovative and entrepreneurial enterprises. At present, angel direct investment sub funds that cooperate with Jiangyin High tech Zone, Xinwu District and other sectors have obtained investment decision approval. The management team will gradually establish equity investment cooperation relationships at different levels and dimensions with other advantageous sectors of the city.
