Establishment of 6 new venture capital sub-funds

On 24 January 2019, the Ministry of Science and Technology officially announced the establishment of six new Venture Capital sub-funds, under the National Fund for Technology Transfer and Commercialisation. The six sub-funds will have a scale of 5.87 billion RMB, around one-third of which to be allocated by the central government’s finance. VC Sub-fund name  …