国家发改委：国家创业投资引导基金对种子期、初创期企业投资规模不低于基金总规模70%

Core Viewpoint - The National Venture Capital Guidance Fund has officially launched, aiming to stimulate the venture capital market by focusing on early-stage, small, and long-term investments in hard technology sectors [1] Investment Strategy - The fund emphasizes early investments, targeting seed and startup companies, with at least 70% of the total fund size allocated to these types of enterprises [1] - The fund will invest in small enterprises with valuations below 500 million yuan, and individual investments will not exceed 50 million yuan, ensuring funds reach the front and back ends of various industries [1] Fund Duration and Flexibility - The guidance fund has a 20-year duration, breaking the traditional venture capital fund lifecycle of 7 to 10 years, allowing for longer investment periods in sectors like innovative pharmaceuticals that have extended return cycles [1]