On February 12, the second batch of industry-specific funds under the Jiangsu Strategic Emerging Industries Fund was officially signed in Nanjing. Changzhou Investment Group, as the fund’s initiator, partnered with Govtor Capital to successfully sign two funds based in Changzhou, with a total value of 3.5 billion yuan, injecting vital capital into the city’s industrial development.

The two funds established are the Jiangsu Changzhou High-end Functional Materials Industry Fund, totaling 3 billion yuan, and the Changzhou Future Industry Angel Fund, totaling 500 million yuan. The former will focus on the high-end functional materials industry chain, including investments in high-performance carbon fibers, composite materials, nanomaterials, graphene, biomedical materials, and high-end electronic chemicals. The latter will focus on key future industries in Changzhou, including synthetic biology, third-generation semiconductors, artificial intelligence, and the low-altitude economy, in line with the city’s “51010” strategic emerging industry cluster, “1650” industrial system, and “10+X” future industry strategy.

To date, the Provincial Strategic Emerging Industries Fund has strategically placed three funds in Changzhou, with a total value of 8.5 billion yuan. These funds align closely with Changzhou’s “1028” industrial system, which focuses on advancing new industrialization. This robust financial support lays a strong foundation for scaling up the city’s industries to new heights.

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