Qingdao leading fund for angel investment activates 82 enterprises
Offering CNY 552 million equity financing for 82 projects, including 60 start-ups. The total market value of 82 enterprises is as much as CNY 17.04 billion, 7 times thanthe previous investment.After 4 years efforts, Qingdao High Innovation Sci-Tech Capital Operation Co Ltd showed greatachievementsin the 1st half of 2017.
Since Management Measures for Leading Fund for Angel Investment of Qingdao (Temporary) issued in August 2013, the company director Zhi Tao said, as a Sci-Tech capital operation platform integrates policy and market, the fund has invested CNY 100 million government fund to set up 11 angel fund, total worth of CNY 1.24 billion, for equity financing for Qingdao start-ups. 82 enterprises, involving biomedicine, advanced manufacturing, new energy, energy saving, IT and other strategic emerging industries, got CNY 552 million investment. It aims to empower start-ups with social capitals led by government fund.
IT start-ups showed great innovation ability after invested. They also showed fast growth, 11.04 times more than market value at the very beginning. A batch of star companies was born. (Yang Guang)
Qingdao leading fund for angel investment activates 82 enterprises
