活跃创投生态，攀登“紫金山巅”

Core Insights - Jiangsu is a critical battleground for venture capital institutions, highlighted during the 2026 Zijin Mountain Venture Capital Conference, which gathered over 500 representatives from various sectors to discuss new trends in capital empowering technological innovation [1][2] - The conference showcased Jiangsu's leadership in equity investment, with the province leading the nation in the number of investment cases and exceeding 100 billion yuan in investment amounts [2] Investment Landscape - Jiangsu's equity investment case count ranks first nationally, with investment amounts surpassing 100 billion yuan, and cities like Suzhou, Nanjing, and Wuxi making it into the top ten for investment activity [2] - The conference resulted in the unveiling and signing of funds totaling over 70 billion yuan, including two major funds from China National New, and several funds specifically targeting artificial intelligence and early-stage startups [2][3] Fund Structure and Strategy - The newly established Zijin Mountain International Innovation Mother Fund has a total scale of 10 billion yuan, aiming to leverage social capital and support various stages of investment from concept validation to mergers and acquisitions [3][4] - The fund's investment strategy includes a long-term duration of up to 20 years, designed to match the needs of long-cycle industry cultivation [3] Policy Innovations - Jiangsu has introduced a unique policy framework that allows for significant loss tolerance in venture capital investments, with the concept validation fund having no upper limit on loss tolerance, encouraging risk-taking in early-stage investments [4][5] - This policy shift aims to transition investment decisions from a focus on short-term financial returns to long-term industrial development, fostering a more supportive environment for innovative projects [5] Ecosystem Development - The establishment of the Zijin Mountain International Innovation Fund District aims to create a vibrant ecosystem for technology-driven enterprises, with a goal of gathering various funds and facilitating over 3,000 projects by 2030 [6][7] - The district will implement a "1+2" functional layout, promoting resource sharing and collaborative development across multiple areas, with a focus on enhancing the scale and internationalization of the fund ecosystem [7]