The Municipal Angel Fund Management Committee held its second working meeting on the operation of the fund

　　On the morning of June 30th, the Wuxi Angel Investment Guidance Fund Management Committee (hereinafter referred to as the "Management Committee") held its second working meeting. Zhou Haoming, the director of the management committee and a second level inspector, attended the meeting and delivered a speech. Zhao Jianping, the deputy director of the management committee and director of the Municipal Science and Technology Bureau, presided over the meeting. All members of the management committee (authorized representatives) and relevant personnel from Guolian Group and the company attended the meeting. At the meeting, the first market-oriented sub fund of the City Angel Guidance Fund, the Jiangnan University Zhongsu Science and Technology Achievement Transformation Fund, was reviewed and approved. On the same day, the first sub fund of the City Angel Guidance Fund, Jiangyin Xingcheng High tech Venture Capital Fund, was registered and established. With the investment landing of five angel projects in the early stage, the city angel guided fund has delivered a beautiful "report card" after six months of operation.

　　Adhering to the concept of "investing early, investing small, and investing in technology", the City Angel Guidance Fund focuses on the problem of "difficulty in initial investment" for technology-based enterprises in the seed and start-up stages. It guides social capital to invest in emerging industries represented by integrated circuits, the Internet of Things, biomedicine, and "two machines" that our city supports and encourages, especially in the high-tech field with forward-looking, pioneering, and exploratory major technologies such as genetic and protein engineering technology, virtual reality technology, carbon capture and storage technology, etc., to stimulate new momentum for regional industrial development. As of now, the City Angel Guidance Fund has completed funding for five projects, including Saimi Kentuo, Shengya Medical, Guangyi Technology, Jingrong Creative Materials, and Carbon Valley Technology; Completed the operation of the first sub fund in the sector - Jiangyin Xingcheng High tech Venture Capital Fund, and reached intentions to cooperate with Binhu District, Xishan District, and Huishan District to establish sub funds; At the same time, actively exploring the construction of a "new pattern" of market-oriented cooperation, completing the investment decision for the Zhongsu Science and Technology Achievement Transformation Fund of Jiangnan University, completing the establishment of the Jiangsu Provincial Industrial Research Institute Collection Fund, and coordinating with professional angel investment fund managers such as Qingzhou Capital and Yicun Tongwei.

　　As the manager of the City Angel Guidance Fund, the company has fully mobilized its management companies, four mixed ownership reform platforms, One Village Capital and other fund management entities to form an experienced and resourceful professional team with industry backgrounds in biomedicine, integrated circuits, dual carbon energy conservation, advanced manufacturing, etc., focusing on key strategic areas and deeply cultivating various sub sectors. At present, Xi Venture Capital is recruiting outstanding professionals from around the world and in the market to join the angel fund investment team, further enhancing the team's influence and competitiveness. Next, Xi Venture Capital will fully leverage the guiding role and leverage effect of fiscal funds, widely attract various advanced resource elements such as social capital, industrial and commercial capital, advanced technology, high-end talents, and modern management to flow into innovation and entrepreneurship, accelerate the deep integration of financial innovation with enterprise innovation and technological innovation, and build the City Angel Investment Guidance Fund into a first-class and leading excellent fund in China and the province, making new contributions to the high-quality development of modern industries in Wuxi.