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Beijing Yizhuang government investment guidance fund system is further upgraded to cover the entire life cycle of enterprises

2024-08-17

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On August 16, reporters learned from the Beijing Yizhuang Innovation Conference that Beijing Yizhuang has established a complete government investment guidance fund system of "industry upgrading fund + special sub-fund + market-oriented sub-fund", focusing on investing in the district's leading industries such as new generation information technology and future industries such as general artificial intelligence.

The government investment guidance fund has achieved initial investment results

Wang Wengeng, director of the Finance and State-owned Assets Bureau of Beijing Economic and Technological Development Zone, introduced that in January last year, Beijing Economic and Technological Development Zone registered and established the first government investment guidance fund with a scale of 10 billion yuan, and successively established an industrial upgrading fund and a number of market-oriented sub-funds. Not long ago, it also established a science and technology innovation fund and a talent fund to cover the entire life cycle of the enterprise.

The industrial upgrading fund in the Beijing Economic and Technological Development Zone government investment guidance fund system focuses on enterprises that are in line with the Economic and Technological Development Zone's industrial positioning and relevant industrial policies, and pays special attention to major projects and potential enterprises that are related to the Economic and Technological Development Zone's economic development and industrial upgrading. It has completed investments in companies such as Blue Arrow Aerospace and Huixi Intelligent.

Special sub-funds mainly make up for the "market failure" in the field of equity investment and give full play to the guiding role of government investment. Among them, the science and technology innovation fund mainly invests in six future industrial directions, namely future information, future health, future manufacturing, future energy, future space, and future materials, as well as four major leading industries that are in line with the economic development zone. The seed fund focuses on seed-stage and start-up growth companies, and the talent fund focuses on attracting various talents to start businesses in the economic development zone.

The government investment guidance fund has achieved initial investment results in more than a year. Wang Wengeng revealed that the government investment guidance fund has decided to invest 7.8 billion yuan, of which the industrial upgrading fund has completed 18 decision-making projects with a decision amount of 2.8 billion yuan.

Seed Fund focuses on high-tech "seedlings"

Li Bing, director of the Organization and Personnel Department of Beijing Economic and Technological Development Zone, introduced that the Beijing Economic and Technological Development Zone Talent Entrepreneurship Investment Fund was reviewed and approved in July this year and funded by the Beijing Economic and Technological Development Zone Government Investment Guidance Fund. It aims to give play to the guiding role of government funds, operate in a market-oriented manner, drive social capital, provide universal promotion and support for talent entrepreneurship, and help talent-led start-ups to develop rapidly.

"The talent fund mainly invests in recognized Yicheng top talents, Yicheng outstanding talents, Yicheng leading talents and entrepreneurial talents that meet Yicheng leading and above core recognition standards." Li Bing introduced that the initial scale of the talent fund is 200 million yuan, with a maximum investment of 5 million yuan in a single project.

Promoting the transformation and application of scientific and technological achievements is inseparable from the support of science and technology innovation funds. This year, the Economic and Technological Development Zone has established a science and technology innovation fund, which was derived from the original special funds for scientific and technological innovation in the Economic and Technological Development Zone.

Zhu Shanshan, deputy director of the Science and Technology and Industry Promotion Bureau of Beijing Economic and Technological Development Zone, introduced that the original special funds for scientific and technological innovation have successfully supported nearly 80 enterprises in the zone after years of operation and achieved a series of innovative results.

As a key link in the Beijing Economic and Technological Development Zone government investment guidance fund system, the Science and Technology Innovation Fund mainly focuses on the development needs of the four major leading industries and six future industries, increases support for key project investment, and promotes the development of the entire industrial chain from the perspectives of supplementing, consolidating, strengthening and extending the chain. The first phase has a scale of 1 billion yuan, and the Science and Technology Innovation Fund can invest up to 20 million yuan in a single project.

In order to better support start-up enterprises, the Economic Development Zone Government Investment Guidance Fund has also established a seed fund. The seed fund uses market-oriented means to expand the scale of equity investment in early-stage enterprises and guide social capital to "invest early, invest in small companies, and invest in hard technology." The seed fund focuses on seedling enterprises in the four major leading industries and six future industries in the Economic Development Zone, such as the new generation of information technology industry.

The initial scale of the seed fund is 200 million yuan. In principle, the fund's cumulative shareholding ratio in a single enterprise during the investment period shall not exceed 30%, and the cumulative investment in a single project may reach up to 10 million yuan.

Beijing News reporter Wu Tingting

Editor: Fan Yijing Proofreader: Liu Jun