Hubei set up venture capital guiding fund Management Center

Hubei Province on May 6 set up "Hubei Province venture capital Guide Fund Management Center" to ensure that the provincial venture capital to guide the good operation of the fund, optimize the provincial venture investment environment. 　　It is reported that as of December 2009, "Provincial Venture capital Investment Guide Fund" Cumulative contribution of 90 million yuan, respectively, and Japan and SMBC investment, deep Ventures, Silicon Valley Paradise, Shanghai Rong Chang, Chinese laborers and other well-known venture investment institutions in China and abroad to set up 5 venture capital funds, the fund scale of 1.1 billion yuan. The establishment of the provincial venture capital Guiding fund Management Center will further accelerate the construction of venture capital system and the development of venture capital, realize the efficient operation of financial science and technology funds, and accelerate the process of high-tech industrialization.