The third batch of application guides for Shanghai Venture Capital Guidance Fund was released (VC334)

On December 27th, the "Shanghai Municipal Venture Capital Guidance Fund Third Batch Application Guide" has been released recently. The "Application Guide" shows that the third batch of guidance funds support industry areas with seven strategic emerging industries such as energy conservation and environmental protection, new generation information technology, biology, high-end equipment manufacturing, new energy, new materials and new energy vehicles, as well as cultural creativity , High-tech service industry and other key industries in Shanghai.

The Shanghai Venture Capital Guidance Fund is a policy fund established by the Shanghai Municipal Government and operated in a market-oriented manner. It aims to guide social funds to invest in the emerging industries of the country and Shanghai, and make full use of the venture capital mechanism to give play to the investment team ’s Specialized advantages and value-added service capabilities promote the development of entrepreneurial enterprises. The scale of the guidance fund is 3 billion yuan, which is entrusted to manage by Shanghai Venture Capital Co., Ltd.

As of the start of this round of guidance funds, the Shanghai Venture Capital Guidance Fund has identified 23 cooperative institutions in the form of public declaration, uniform acceptance, due diligence, and expert review, with a total foreign investment of approximately 1.5 billion yuan, and the total fundraising exceeded 6 billion yuan.