The first innovation investment alliance, consisting of artificial intelligence research institutes, was established in Guangzhou on April 16th. The alliance's initial batch of funds, totaling nearly 3 billion RMB, has been signed, aiming to propel the development of artificial intelligence.
The alliance was initiated and established by Guangdong Technology Financial Group, Pengcheng Laboratory, and the Guangdong Artificial Intelligence and Robotics Society. Member units include Pengcheng Laboratory, the Technology Innovation Center in the Guangdong-Hong Kong-Macao Greater Bay Area, Beijing Academy of Artificial Intelligence, Shanghai Artificial Intelligence Research Institute, Zhejiang Lab, Pazhou Lab, Liaohe Lab, Purple Mountain Laboratories, Guangming Laboratory, and the Key Laboratory of Artificial Intelligence Frontier Interdisciplinary Sciences at the Hong Kong University of Science and Technology (Guangzhou).
On the same day, five funds, including Shenzhen Pengcheng Vision Venture Fund, Guangzhou Guochuang Guanghua Venture Capital Fund, Intelligent Robot Fund of Guangdong Technology Financial Group, Chinese Academy of Sciences-Intelligent Computing Power Fund of Guangdong Technology Financial Group, and Pazhou Lab Fund of Guangdong Technology Financial Group, signed contracts with a total scale of nearly 3 billion RMB. Guangdong Technology Financial Group, Chinese Academy of Sciences Venture Capital, and Gingko Valley Capital also signed project contracts with AI companies such as AutoXing, SKYSYS, X-EraAI, Core Sigma, and Galbot, driving project financing of nearly 1 billion RMB, with a total project valuation of 5.8 billion RMB.
"Pengcheng Laboratory initiated the first phase of the Shenzhen Pengcheng Vision Venture Fund, totalling 1 billion Yuan, aiming to build a bridge between capital and technology, accelerate the application of scientific and technological achievements, and effectively promote the deep integration of industry, academia, and research," said Gao Wen, member of the Chinese Academy of Engineering and Director of Pengcheng Laboratory.
As the only provincial-level comprehensive science and technology financial platform in Guangdong Province, Guangdong Technology Financial Group is accelerating the establishment of innovation investment alliances for research institutions, key university alliances, industry-leading innovation alliances, venture capital alliances, and financial innovation alliances, to fully promote the construction of the Greater Bay Area International Science and Technology Innovation Ecological Center.
Editors | Nan Hu, Will, Lydia Liu, James
