Weihai establishes first industrial cluster sub-fund with a total size of of RMB300m

Weihai Shangyuanyiqi Venture Capital Partnership (Limited Partnership) has completed its registration and been put into operation, marking the official establishment of the first industrial cluster sub-fund of Weihai City.

Weihai Shangyuanyiqi Venture Capital Partnership (Limited Partnership) has completed its registration and been put into operation, marking the official establishment of the first industrial cluster sub-fund of Weihai City.

This fund was jointly invested and established by the Weihai Municipal Government Investment Guidance Fund, Huancui District Investment Guidance Fund and Shandong State-owned Assets Investment Holding and other social capital.

The total size of the fund is 300 million yuan, and the scale of the first phase is 193 million yuan. Weihai Shangyuan Equity Investment Management Co., Ltd. is the fund manager.

This fund is established for the new medicine and medical device industry clusters. It comprehensively focuses on fields such as medical devices, biomedicines, marine drugs, traditional Chinese medicine, biomedical engineering, and elderly care services, and promotes the high-quality development of new medicine and medical device industries.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/weihai-establishes-first-industrial-cluster-sub-fund-with-a-total-size-of-of-rmb300m/.

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