To build an innovation park with strong innovation power, a diversified system for technology investment has been formed, specifically, the financial support of superior authorities, the three technological funds of SIP, venture capitals, guarantee funds, social investments and all-around capitals, to support the technical innovation of enterprises.
In 2010, China’s largest RMB based fund of funds – Guochuang FOF was jointly initiated and established by Suzhou Industrial Park and China Development Bank, in which, the first installment of GUOCHUANGYUANHE Venture Capital Fund, fund of venture capital funds mounted to RMB 5 billion, is mainly used by venture capital funds that focused on initial and growth stage investments.
In 2011, National Thousand-talent Program Venture Capital Center was established on the basis of Dongshahu Equity Investment Center (“Dongshahu Center”). By the end of 2012, Dongshahu Centerhad converged 45 equity investment funds that amounting to RMB 41.7 billion and 4 debt financing service institutions and nearly 600 venture institutions that had already moved in, including --
1. Venture Capital Fund: seed fund; industrial investment fund
2. Venture Capital Guiding Fund
3. Venture Investment Follow-up Capital
4. SME Financing
5. Technical SME Unified Loan Platform
6. VCs of various types