Wuxi Youth Venture capital fund has reached 10 million yuan in total

A total of 10 million Yuan Wuxi Youth Venture Fund was established May 4, will take the form of venture capital to provide financing platform for Wuxi Youth Science and Technology venture. It is reported that the youth pioneering fund by the Communist Youth League Wuxi party committee and Wuxi Venture Capital Group Co., Ltd. launched to face the city under the age of 35 young entrepreneurial talent. For projects approved by the project, the venture capital takes the form of venture investment to support, the investment quota does not exceed 50% of the registered capital, and the single investment limit can reach up to 500,000 yuan. From the application to the project, within 30th can be funded. The Youth Entrepreneurship Foundation will also rely on the team of venture capitalists to carry out a comprehensive assessment of each of the reporting projects and, in addition to providing investment support for the project through evaluation, will establish a special profile for each young entrepreneur and provide follow-up guidance for 3 years.