Recently, two main funding funds led by Dongguan Science and Technology Innovation Group Co., Ltd.—the Dongguan Binhaiwan Artificial Intelligence Industry Venture Capital Fund of Funds Partnership (Limited Partnership) and the Dongguan Industrial Chain Development Fund of Funds Partnership (Limited Partnership)—have formally accomplished their enterprise registrations. With a mixed scale of 6 billion yuan, this dual-fund matrix represents a strategic milestone for Dongguan in accelerating investments in high-potential sectors.
The institution of those funds underscores Dongguan’s dedication to fostering innovation-driven progress, notably in synthetic intelligence and industrial chain growth. By pooling substantial capital, the initiative goals to appeal to main enterprises, assist cutting-edge R&D, and strengthen town’s place in rising industries. This transfer is anticipated to drive financial transformation and improve Dongguan’s competitiveness in China’s quickly evolving tech panorama.
The Binhaiwan Artificial Intelligence Fund of Funds (FoF) boasts a complete scale of 1 billion yuan, with an preliminary part of 300 million yuan. It operates below a Dual-General Partner (Dual-GP) mannequin, managed by Dongguan Science and Technology Capital Investment Management Co., Ltd., a wholly-owned subsidiary of the Dongguan Science and Technology Innovation Group. Both the Dongguan Science and Technology Innovation Group and the Dongguan Binhaiwan Industrial Investment Co., Ltd. function normal companions.
This fund focuses on key areas comparable to core know-how analysis and growth in synthetic intelligence, manufacturing empowerment, good cities, clever transportation, and good healthcare. It goals to improve the speedy progress of the AI trade and promote synergistic strengths in Dongguan’s industrial and technological sectors.
Reporter: Xie Maishi, Liu Wanxin
Photo: Nanfang Plus
Editor: Huang Qini, James Campion, Shen He