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Zhejiang Province has unveiled its implementation opinions aimed at fostering the high-quality development of government investment funds. These guidelines clearly stipulate that funds will concentrate on pivotal strategies and key sectors, categorizing them into industrial investment funds and venture capital funds. Industrial investment funds will zero in on fostering advanced manufacturing clusters, whereas venture capital funds will bolster the technological innovation ecosystem, with a particular emphasis on future-oriented industries encompassing artificial intelligence, biotechnology, and humanoid robotics. The focus will be on early-stage, small-scale, and long-term investments in hard technology, as well as in scientific and technological innovation platforms and talent cultivation.
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