Hubei Province will set up 5 venture capital institutions up to 1.053 billion yuan

Yesterday, the Hubei provincial Science and Technology department revealed that Hubei province and Beijing, Shenzhen and Shanghai and other investment institutions to reach a cooperation agreement, will set up 5 total investments of up to 1.053 billion yuan of venture capital institutions. In the first half of this year, the Science and Technology Office organized special classes to Beijing Shenzhen and Shanghai, respectively, with deep venture investment, Chinese laborers venture capital, Guangdong New Group, Ding Sheng and (Beijing) Investment Management company, Silicon Valley Paradise venture capital company, Shanghai Rong Chang Asset Management company and Hubei Huahong Investment management company and other units carried out in-depth communication and consultation, A cooperation agreement was reached on the introduction of capital and talents and the establishment of a venture capital institution in Hubei. According to the Agreement of the Parties, it is proposed to use Provincial venture capital to guide funds of 100 million yuan, Hubei Province high investment company own funds 12.37 million yuan, adopt the company system, limited partnership system and trust and other ways, the introduction of foreign funds, institutions and talents, set up 5 venture capital companies.