2023 Wuxi the Taihu Lake Bay Angel Investment Summit successfully concluded

　　On March 29th, the "Gathering Angel Science and Technology Innovation Future" Wuxi Taihu Bay Angel Investment Summit was held in Xilong. Local governments, venture capital institutions, and technology enterprises gathered together to gather high-quality resources for angel investment, explore the development of the angel investment industry, focus on the deep integration of technology and finance, and jointly seek the construction of an angel investment ecosystem.

　　This summit is jointly hosted by the Municipal Science and Technology Bureau and the League of Nations Group, co organized by Xicheng Venture Capital and Talent Group, and co organized by Angel Union, aiming to accelerate the development of Wuxi's innovative enterprise cluster and the construction of the "465" modern industrial system with the power of capital, and help Wuxi build an important growth pole for high-quality development in the province. Zhou Wendong, Deputy Mayor of Wuxi City, Xu Ke, Chairman of the Board of Directors of the League of Nations Group, and Zhou Lixia, Chairman of Angel Union, delivered speeches respectively. Hua Xiaofeng, Vice President of Guolian Group and Chairman of Wuxi Venture Capital, made a recommendation for the Wuxi Angel Guidance Fund; Wu Ge, Chief Economist of Changjiang Securities and winner of the Sun Yefang Economic Science Award, delivered a keynote speech on the macroeconomic outlook of China titled "Entity, Breakthrough"; Wu Shichun, founding partner of Meihua Venture Capital, and Liu Xiaoying, founder of Eagle Fund, respectively gave speeches on "Angel Investment and Urban Technology Innovation" and "Industrial Capital Helps Start up Enterprises Develop".

　　In the round table forum, focusing on the two themes of angel investment opportunities in the new era and angel investment empowering the construction of the the Taihu Lake Bay Science and Technology Innovation Belt, a number of well-known angel investors discussed the development trend of the angel investment industry together, conspired with angel investment ecological construction, and provided diverse and valuable suggestions for the venture investment ecological development of Wuxi and the entire the Taihu Lake Bay Science and Technology Innovation Belt.

At the meeting, Lin Maosong, Deputy Minister of the Organization Department of the Wuxi Municipal Party Committee and Director of the Municipal Civil Service Bureau, and Zhao Jianping, Secretary of the Party Group and Director of the Wuxi Science and Technology Bureau, unveiled the Angel Fund Post Investment Empowerment Center. The Office of the Wuxi Angel Investment Guidance Fund Management Committee and the Angel Federation signed a strategic cooperation agreement. In addition, Wuxi Angel Guidance Fund has signed contracts with 10 sub funds and 16 projects.

In the afternoon, the summit also held four special events: talent financing empowerment, dual carbon energy conservation&biomedicine, integrated circuits&digital economy, advanced manufacturing&new materials. Investors, entrepreneurs and others fully connected and exchanged ideas through the platform built by the summit, promoting cooperation and achieving win-win results.

　　Extended reading: Wuxi Angel Investment Results Display

　　Wuxi has always been on the path of innovation and entrepreneurship, serving as a microcosm of China's transition from an economic powerhouse to an economic, industrial, and technological powerhouse. Angel investment is an important part of this journey.

　　The Wuxi Angel Guidance Fund has been operating for more than a year, relying on Wuxi's complete industrial system, abundant talent supply, developed transportation network, and superior business environment. It has supported a group of innovative local start-ups and become an important engine for supporting the transformation of scientific and technological achievements. As of now, Wuxi Angel Guidance Fund has more than 150 reserve projects, of which 58 projects have been approved, 34 projects have been invested, 27 projects have passed the review, and 17 projects have been funded with a total investment of 85 million yuan. Angel Fund also strengthens cooperation with various sectors, jointly establishing sub funds to form a regional resource "aggregation force".

　　At present, sub funds in Jiangyin and Yixing sectors have been put into operation, and cooperation funds between Angel Fund and other sectors such as Binhu District and Huishan District are being implemented and promoted. At the same time, the first socialized sub fund of Angel Fund was established in 2022 and has completed funding for four projects.

　　In fact, as early as 2016, the Jincheng Angel Fund with a total scale of 380 million yuan was established in Wuxi, and 8 sub funds were established and operated, achieving full coverage of the Wuxi metropolitan area. As of now, the Jincheng series of parent and subsidiary funds have invested in a total of 93 projects with a total amount of 560 million yuan, making outstanding contributions to the introduction and development of early projects in Wuxi.