The Shenzhen State-owned Assets Supervision and Administration Commission recently announced a major plan to establish a state-owned asset fund of up to 50 billion yuan, focusing on the development of cutting-edge technology fields such as artificial intelligence and robots. This move marks an important step in Shenzhen in promoting scientific and technological innovation and industrial upgrading.
According to relevant plans, Shenzhen's state-owned enterprises will actively respond to the strategic deployment of the municipal party committee and municipal government and build a science and technology innovation fund network covering the entire industrial chain of "20+8". The fund will fully support all stages of development of technology companies, from seed stage, angel turn to round A, B, and C, until the company is successfully listed, forming a complete investment ecosystem.
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During the specific implementation process, the Shenzhen State-owned Assets Supervision and Administration Commission plans to visit more than 10,000 start-ups and promote at least 1,000 companies to enter the project due diligence stage. This large-scale action aims to provide scientific and technological enterprises in strategic emerging industries and future industries with no less than 10 billion yuan in venture capital support. In addition, the fund's innovation and entrepreneurship existence period will be extended to 15 years. This policy adjustment is intended to enhance the confidence of investment institutions and encourage them to make bolder long-term investments, thereby injecting more vitality into Shenzhen's technological innovation.