发改委：引导基金将对集成电路、人工智能等领域的早期项目和企业加大投资

Core Insights - The National Venture Capital Guidance Fund has officially launched, focusing on early-stage investments in high-growth potential sectors [1][2] - The fund aims to address the long-term capital shortage in the venture capital industry by not competing with the market and avoiding duplicate investments [1] Group 1: Fund Characteristics - The fund emphasizes early-stage investments, targeting seed and startup companies that have high growth potential but also significant risks [1] - It is designed as a patient fund with a 20-year lifespan, including a 10-year investment period and a 10-year exit period, allowing for long-term capital support [1] - The fund operates under market-oriented principles while balancing policy objectives, ensuring it does not engage in profit competition with the market [1] Group 2: Investment Focus - The fund will increase investment in early-stage projects and companies in sectors such as integrated circuits, artificial intelligence, aerospace, low-altitude economy, biomanufacturing, and future energy [2] - It aims to gather various social capital to integrate financial models into future industries, collaborating with fund management institutions to drive investment [2] - The fund will also provide a comprehensive service system for innovative enterprises, offering support in governance, strategic planning, human resources, and industry collaboration [2]