Hubei KO Venture capital fund set up a total scale of 1 billion yuan

Chinaventure Beijing Time December 1 news, recently, Hubei Gaofuxin venture capital to set up a total scale of 1 billion yuan fund, the Fund in 4 period to raise, the first instalment of 250 million yuan.　　The sponsors are expected to be fully in place before December 31, 2011. It is understood that the collection of 1 billion Yuan fund, by the High-tech industry investment company in Hubei province, Citic Yat Century Capital Limited, Fu YU Asia Investment Management Co., Ltd., the first raise funds, to apply for the provincial venture capital Investment Guide Fund 25 million yuan, accounting for 10% of registered capital,　　Hubei high-tech industry investment company funded or raised 25 million yuan, accounting for 10% of registered capital, Citic Yat Century Capital Limited, Fu YU Asia Investment Management Co., Ltd. directed to raise 200 million yuan, accounting for 80% of the registered capital. The main investment direction of Hubei Gaofuxin venture capital Fund is the High-tech enterprises in Hubei province, such as new energy, material, energy saving and environmental protection, modern manufacture, medical health and so on, to promote the development of independent innovation and High-tech industry in Hubei province.