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The Zhejiang Provincial Government has recently unveiled the "Measures to Support the Innovative Development of Artificial Intelligence," which underscores the pivotal role of financial capital in fostering AI growth. To this end, the province will tap into its "4+1" special fund, along with its third phase science and innovation master fund (AI) and other resources, to establish an AI fund cluster exceeding RMB 10 billion. This initiative is designed to direct financial capital towards early-stage, small-scale, long-term, and hard technology enterprises, thereby addressing the financing needs of AI enterprises across various stages of development. Additionally, the province will actively pursue the establishment of sub-funds from the National Venture Capital Fund within Zhejiang.
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