On April 12, Yichang Talent Work Leading Group held a press conference to announce the establishment of Elite Angel Venture Capital Fund(EAVCF), the first government-led Angel Fund in our city.

　　It is reported that the EAVCF is jointly initiated by the Organization Department of the Yichang Municipal Committee, the Talent Office of the Yichang Municipal Committee, the Yichang State-owned Assets Supervision and the Yichang Hi-tech Industrial Investment Holdings Group and jointly funded by Yichang Three Gorges Industry Guidance Fund and social capital with a total investment of 100 million RMB. The EAVCF aims at giving full play to the leverage and guiding effect of financial funds to turn more social capital in venture enterprises in seed and start-up stages to further energize innovation and entrepreneurship in Yichang and explore and cultivate new momentum for high-quality development.

　　According to introducing, with no less than 40% of the total fund, the Angel Fund makes more investment in strategic emerging industries in Yichang such as information technology, biomedicine, intelligent manufacturing, emerging materials and environmental protection technology, especially those projects with strong transformation ability of scientific and technological achievements, high technology content and new business model. Investment will be divided into four steps: fund raising, decision-making investment, post-investment management and project withdrawal, in order to effectively discover value, create value and realize value.

　　It’s learned from the Talent Office of the Yichang Municipal Committee that, from now on, the e-mail, 629992@163.com, and the Wechat official account "创在宜昌"(Chuangzai Yichang: Startup in Yichang) have been opened to collect innovation and entrepreneurship projects. Welcome attention and declaration! (Reporter: Liu Ping, Correspondent: Long Xiaorong)