Wuxi to set up industrial venture capital fund to attract VC to boost IC industry

February 29, Jiangsu Provincial party committee, party secretary Weize to Beijing to hold back the "microelectronics state High-tech industry base" plaque. Thus, Wuxi became the second microelectronics national High-tech industrial base after Shanghai. The Municipal Development and Reform Commission said yesterday that with "three valleys" as the symbol of the High-tech industry, increasingly become Wuxi industrial structure adjustment and upgrading of the new path, and "microelectronics countries High-tech Industrial base" This "brand", as a solid cornerstone, for "Three valleys" one of "Wuxi Silicon Valley" strong rise of a solid foundation. According to the plan, by 2010, Wuxi Microelectronics National High-tech Industrial base will focus on the development of IC design, chip manufacturing, packaging testing and integrated circuit application industry, and gradually form the scientific and technological innovation effect of the IC industry chain. In the construction of the carrier, the formation of the new area IC Design Park as the main body, the Ether Lake International Science and Technology Park and industrial Design Park design Enterprise incubation zone for the two wings of the IC innovation incubation base, the cultivation of provincial-level engineering center, Research and Development Center and Enterprise Technology Center reached 15, cultivate and form the mega-billion large IC More than 1 billion of the Enterprise 10, the new listing of 5 companies. Industrial scale is locked in the "billions of dollars level": by 2010, Wuxi IC industry to achieve sales revenue and strive to reach 100 billion yuan, accounting for about 20% of the national total, the proportion in the Yangtze River delta area of more than One-third, accounting for more than 60% of Jiangsu Province, so that the development of IC industry to support the city's electronic information industry pillar. Wuxi is the cradle of China microelectronics industry, the development of IC industry has a strong industrial base and outstanding advantages of the first. As early as the early 80, Wuxi was identified as the national microelectronics industry South Base, 2001 was approved as one of the seven major IC design industrialization base. After more than 10 years of careful development, the current Wuxi IC industry has begun to take shape, the formation of microelectronics technology research and development, integrated circuit design, chip production, packaging testing, integrated circuit applications, such as a more complete industrial development chain, with more than 100 IC enterprises, employs nearly 25,000 people. In the past three years, the city's IC industry has grown by more than 60% annually, IC industry last year to achieve sales revenue of 19 billion yuan, an increase of 58.3%. In a short span of three years to achieve "billions of dollars" leap, in addition to the need to establish and improve organizational management, the introduction of supporting policies and other safeguards, financial support is essential. According to sources, Wuxi is trying to open up investment and financing channels, high-tech content, high profits of the IC industry into the main battlefield of investment and financing. At present, the relevant departments are brewing the establishment of Wuxi "IC Industry venture capital Fund", by the government investment in seed funds, to guide existing venture capital companies to expand the scale of capital, while attracting domestic and foreign large-scale venture capital institutions into Wuxi, to help push IC enterprises to grow and develop. At the same time, give full play to the support of financial institutions credit, expand the credit investment of IC industry projects, set up a major IC industrialization Project loan discount support system, and encourage IC enterprises to make full use of capital market for financing, and strive for five years in the certificateThe coupon market forms a Wuxi "IC Industry plate".