Venture(US:VEMLY) Zhong Guo Xin Wen Wang·2025-09-02 12:31Core Viewpoint - Wuhan's East Lake High-tech Zone, also known as "China Optical Valley," has announced an action plan and measures to foster innovation and entrepreneurship over the next three years, aiming to create a highland for innovation and entrepreneurship [1][3]. Group 1: Action Plan and Goals - The action plan emphasizes "geographical concentration and inclusive policies," implementing five major actions: leading innovation, reducing entrepreneurial costs, sharing entrepreneurial risks, stimulating entrepreneurial vitality, and enhancing service efficiency [3][4]. - By 2027, the East Lake High-tech Zone aims to achieve four key goals: to cultivate 500 high-tech startups with significant market potential, incubate five unicorn or potential unicorn companies, invest in 400 high-level innovative enterprises through various venture capital funds, and organize no less than 300 innovation and entrepreneurship activities [3][4]. Group 2: Support Measures - The plan includes the establishment of a "small investment early-stage fund" and a "convertible equity" mechanism, targeting early-stage projects with a total investment exceeding 1 billion yuan over three years [4]. - To lower entrepreneurial costs, the zone will create 100,000 square meters of low-cost physical space to alleviate financial pressures on startups [4]. - A special fund of 5 million yuan will be allocated annually to support outstanding student entrepreneurial projects [4][5]. Group 3: Infrastructure and Resources - The East Lake High-tech Zone will develop key innovation landmarks and high-density entrepreneurial districts, providing standardized shared facilities to form a complete chain from incubation to production [3][4]. - The region boasts a robust matrix of high-level innovation platforms, including one national laboratory, eight major scientific devices, and numerous key laboratories and innovation platforms [5]. - The initiative aims to address the challenges of transforming high-tech projects from the laboratory to the market by providing comprehensive support throughout the entire process [5].