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"science and technology innovation board daily" september 8th (reporter yang xiaoxiao)hunan is making headlines in the venture capital circle.

recently, the hunan provincial government announced that it will establish the hunan golden hibiscus investment fund with a scale of 300 billion yuan. the target scale will be achieved by the cumulative investment of 24 billion yuan from the hunan provincial finance department, and at the same time, the provincial state-owned enterprises will invest about 80 billion yuan, driving cities and counties to increase investment and guiding social capital.

a set of data disclosed by cailianshe venture capital-zhizhong data at the "hunan province science and technology innovation high-quality development forum" recently showed that in the past three years, the scale of lp investment in hunan has shown an upward trend, and the proportion of government funding has always accounted for a large proportion. among them, in 2023, the proportion of government investment reached 86.4%. this shows that governments at all levels in hunan province are vigorously promoting the development of the venture capital market.

as a resource gathering place in hunan province, changsha is far ahead of other cities in the province in terms of lp investment. according to data from cailianshe venture capital-zhizhong, there have been 25 lp investment events in changsha so far this year, involving 18 funds and 15 investment institutions.

behind the active investment of government funds is the full commitment of changsha and the entire hunan province to the development of local industries.

after extensive research on representative local government and state-owned investment platforms in changsha, the reporter of science and technology innovation board daily learned that, at present,hunan province is currently researching funds in the areas of artificial intelligence and industrial internet.to promote the development of these two industries in the local area, especially in the field of industrial internet, "changsha currently has a group of excellent industrial internet companies, but in the wave of digital transformation, other cities are also making efforts, forming competition in attracting industries. changsha undoubtedly hopes to maintain this first-mover industrial advantage."

changsha focuses on venture capital

the development of changsha's venture capital sector can be seen in the implementation of private equity funds.

according to the data from cailianshe venture capital-zhizhong, as of now, the number of registered private equity investment funds in changsha has reached 766, with a total registered capital of 405.298 billion yuan, ranking first in hunan province. in contrast, the total registered capital of registered funds in zhuzhou, the second largest city, is only 41.327 billion yuan.

the reporter of "science and technology innovation board daily" noticed that this year, well-known institutions such as dachen capital, qifu capital and jinpu investment have raised money from changsha government lps and also established funds in changsha.

among them, the fund that dachen capital invested in changsha is hunan dachen capital sme venture capital fund partnership (limited partnership). in addition to the investment from lps of hunan provincial and municipal governments, such as changsha industrial investment fund, xiangjiang state investment, and hunan caixin industrial fund, this fund also received support from the national small and medium enterprise development fund, a national fund. at the same time, other local state-owned assets such as guangzhou industrial investment and anhui high-tech investment also appeared in the lp sequence of this fund with a total scale of 3 billion yuan.

according to industrial and commercial information, at present, this fund of dachen capital has only one record of overseas investment, which is a local project in changsha - changsha shaoguang core materials technology co., ltd.the company was founded in 2003 and is mainly engaged in the manufacturing of photomask materials supporting the manufacturing of integrated circuit chips. in the previous rounds of financing, it also received investment from hunan hi-tech investment, changsha science and technology venture capital and other hunan state-owned assets.

it is worth mentioning that dachen capital is quite active in hunan.according to the data from cailianshe venture capital-zhizhong, in the list of active institutions in hunan, only one non-hunan investment institution, dachen capital, is among the top 10, while the rest are all hunan state-owned institutions.

at the above-mentioned hunan province science and technology innovation high-quality development forum, chen zhuoxi, a business partner of dachen capital, said,hunan is a "very suitable market for hard technology investment""with 985-level universities such as central south university, ustc, and hust, they can provide a lot of r&d capabilities. they have a certain scale and technology in new materials, new energy, electronics, intelligent manufacturing, and equipment manufacturing. investment institutions can find some good technologies by digging and searching."

coincidentally, the changsha qifu small and medium enterprise development investment fund partnership (limited partnership) established by qifu capital in changsha this year also received investment from the national small and medium enterprise development fund. similarly, changsha state-owned assets such as changsha technology progress investment management co., ltd. and changsha kaifu district industrial development fund are also important investors in qifu capital's 2 billion yuan fund. at present, the fund has only one public investment record, which is invested in volant aviation, a star company in the low-altitude economy field.

as for jinpu investment, its changsha wangcheng district jinpu mengxing venture capital partnership (limited partnership) was established in changsha at the beginning of this year. the largest investor of this fund is changsha wangcheng district guidance fund. the fund has only made one investment so far, which was in hunan mengxing nanomaterial technology co., ltd., a subsidiary of the central south university lithium battery team.

currently, changsha is still stepping up efforts to promote the development of the venture capital industry in the local area. the changsha industrial development fund with a scale of 30 billion yuan was officially established last year. it is reported that this is the first government-run industrial fund in changsha, which is led by changsha investment holding co., ltd. according to the goal, the fund strives to build a fund system with a management scale of over 100 billion yuan and a radiation enterprise scale of over 1 trillion yuan within 3-5 years.

17 industrial and emerging industry chains

venture capital will eventually flow to local industries. in terms of industry, changsha took the lead in 2017 to determine the emerging and advantageous industrial chains as the starting point, and pioneered the industrial chain leader system in the country, thus opening the curtain for the city's industrial chain construction work.by 2023, changsha will integrate the original 22 industrial chains into 17 based on the actual industrial development.

these 17 industrial chains are: intelligent connected vehicle industry chain, engineering machinery industry chain, artificial intelligence and sensor (including cnc machine tools) industry chain, big health industry chain (including oriental eye valley, biomedicine and life sciences), new generation of autonomous and secure computing system industry chain, new display industry chain, video cultural and creative industry chain, new alloy (including 3d printing) industry chain, new generation of semiconductor industry chain, aerospace (including beidou) industry chain, big data industry chain, intelligent construction industry chain, energy conservation and environmental protection industry chain, modern seed industry and food industry chain, smart logistics industry chain, new energy vehicle (including fuel vehicle) industry chain, and advanced energy materials industry chain.

in the field of integrated circuits, changsha is currently the only city in the country that can achieve independent domestic design of the three major chips: cpu, gpu, and dsp. in terms of industrial structure, it has laid out design, manufacturing, packaging and testing, equipment, materials and other links, forming a relatively complete industrial chain. gokewei, jingjiawei, and jinxin electronics are all local semiconductor listed leaders and star companies.

in terms of new energy, changsha is also building a "new energy vehicle capital". complete vehicle companies such as saic volkswagen, byd, and beiqi foton, as well as a large number of parts companies such as bosch automotive, seg, sumitomo rubber, continental, and citic dicastal gather here. in addition, there are also advantageous industrial clusters such as new energy batteries and lithium battery energy storage.

it is worth mentioning that central south university has produced a number of domestic big names in the field of new energy batteries.byd chairman wang chuanfu and rongba technology founder bai houshan all graduated from central south university. at the same time, shanshan co., ltd., the world's largest manufacturer of lithium-ion battery cathode materials, also uses some of its technology from the central south university team.

at present, central south university is still continuously exporting talents and projects in the field of new energy. in addition to the lithium battery field, cutting-edge fields such as solid-state batteries, sodium-ion batteries and all-vanadium liquid flow batteries also have scientific research results from central south university. the core team of hunan yihua new energy co., ltd., a solid-state battery company that received financing at the beginning of this year, came from central south university. in the field of liquid flow batteries, many domestic all-vanadium liquid flow battery companies such as zhixi technology, hunan yinfeng, and xingchen new energy have carried out technical cooperation with central south university.

seize the artificial intelligence and industrial internet industries

the reporter of "science and technology innovation board daily" recently learned through extensive research that at the current stage, changsha and the entire hunan province have paid greater attention to the two major industries of artificial intelligence and industrial internet, and are planning to establish relevant industrial funds to empower the development of related enterprises.

recently,the hunan provincial department of industry and information technology has issued the "three-year action plan for the development of hunan's artificial intelligence industry (2024-2026)", proposing goals such as the province's intelligent computing power reaching 3600pflops and the scale of the artificial intelligence industry exceeding 100 billion yuan by 2026.it also deployed 14 key tasks in four areas: strengthening basic support, breaking through key technologies, developing smart products, and deepening the "intelligent empowerment of 10,000 enterprises" action.many of these tasks were carried out in changsha.

data shows that by the end of 2023, the scale of enterprises in changsha's artificial intelligence and sensor (including cnc machine tools) industry chain will exceed 2,500. among them, more than 240 enterprises are above designated size, with operating income reaching 29.26 billion yuan.

regarding the direction and advantages of changsha's development of the artificial intelligence industry, song haitao, director of the shanghai artificial intelligence research institute and vice president of the artificial intelligence research institute of shanghai jiao tong university, said that it should be combined with changsha's local characteristics, "supported by the development of intelligent manufacturing and the foundation of the cultural and creative industry, focusing on key areas such as engineering machinery, improving technical indicators, and upgrading the underlying technology of artificial intelligence. it should promote artificial intelligence models to meet international advanced levels, accelerate the realization of multi-scenario applications in government affairs, medical care, education, industry, life services and other fields, and fully integrate artificial intelligence technology into urban development."

lu hongbo, director of the changsha intelligent robotics research institute, suggested that changsha should increase its efforts to introduce and cultivate key robot component research and development and production companies with core competitiveness, vigorously promote investment attraction, provide scenario traction, promote shared factory supply chain projects for robots and smart terminals, support the introduction of greater bay area supply chain resources, support the construction of the "xiangjiang science and technology innovation institute" base, and promote the innovative research and development of new core component teams and companies required for "embodied intelligence" to be incubated in changsha.

it is worth mentioning that as early as 2016, the changsha municipal government invited professor li zexiang, a well-known angel investor, to build an incubation platform in changsha similar to the songshan lake robot industry base in dongguan.in the subsequent exploration, the platform was gradually incubated and built into an autonomous driving unicorn - xidi zhijia.industrial and commercial information shows that xidi zhijia has completed 8 rounds of financing.the shareholders behind the company include well-known investors such as baidu, sequoia, xiangjiang state investment, zhuzhou state investment and chengdu science and technology investment group.

in terms of industrial internet, with industrial internet as its technical foundation, changsha is building an important national advanced manufacturing center at full speed.statistics show that changsha already has one national-level industrial internet "dual-cross" platform, 28 provincial-level industrial internet platforms (44 in the province), and various industrial internet platforms connect nearly one million industrial equipment.

relevant personnel from the hunan branch of the china industrial internet research institute once said that changsha has a good foundation and unique advantages in developing the industrial internet. changsha has industries and scenarios for the implementation of the industrial internet, providing a large amount of market demand for intelligent transformation, and at the same time has gathered a large number of excellent internet platform companies.

however, an insider told the science and technology innovation board daily reporter that changsha is currently facing fierce competition from other cities in the field of industrial internet."some cities have taken away some industrial internet projects from changsha, so changsha is also continuing to make efforts to maintain its industrial competitive advantage in the industrial internet."

at present, in the field of industrial internet, changsha has produced leading companies such as china electric power interconnection.