返投仅1.1倍，这个市的科创母基金招GP了

Core Viewpoint - The article outlines the application guidelines for the Qingdao Science and Technology Innovation Mother Fund, emphasizing the importance of supporting early-stage technology enterprises and fostering a "1+0" innovative industrial system in Qingdao [2]. Group 1: Fund Management Institution Application Conditions - The fund management institution must be registered in mainland China with a minimum paid-in registered capital of 10 million RMB and possess strong fundraising capabilities [3]. - The management team should include at least three senior management personnel with over three years of fund management experience and a proven track record of successful investments [3]. - The fund management institution must have no adverse records from administrative or judicial authorities [3]. Group 2: Fund Establishment Requirements - At least 50% of the fund's investment must be directed towards early-stage technology enterprises, with a minimum of 80% of that amount invested in Qingdao-based companies [5]. - The fund must be registered in Qingdao, Shandong Province [6]. - The fund's duration should not exceed 10 years, with exceptions for projects in the process of going public [7]. Group 3: Investment Guidelines - The fund should focus on hard technology and strategic emerging industries, supporting original innovation and high-end technology industrialization projects [10]. - The mother fund's investment proportion in a sub-fund should generally not exceed 30% of the total fund size, with potential increases for high-performing management institutions [11]. - The total investment in a single enterprise should not exceed 20% of the sub-fund's size [17]. Group 4: Decision-Making Process - The sub-fund management institution can submit applications either in person or via email to the mother fund management company [21]. - After initial review, the management company will conduct due diligence and internal pre-investment decision-making based on the findings [24]. - The investment decision will be made by the mother fund's investment decision committee [25].