出资比例最高70%、最长存续期20年：安徽天使母基金群“放大招”

Core Viewpoint - The article discusses the introduction of the "Guidelines for High-Quality Operation of Angel Fund Groups in Anhui Province," aimed at promoting early-stage investments in innovative projects and ensuring compliance in fund operations [2]. Group 1: Investment Focus - The guidelines emphasize the "Four Investment Standards" (early, small, long-term, hard technology) to direct funds towards innovative potential projects [3]. - The total scale of the angel fund cluster established by Anhui Province is 15 billion yuan, consisting of four specialized angel funds [2]. Group 2: Mechanism Innovation - The guidelines allow for an extension of the operational period of successful mother funds up to 20 years, addressing the need for patience in supporting high-growth enterprises [3]. - The evaluation of funds will focus on overall project investment rather than individual fund losses, promoting a more supportive investment environment [3]. Group 3: Regional Development - The guidelines propose increased investment in the northern Anhui region, enhancing the contribution of mother funds to address regional coordination issues [4]. Group 4: Service System - A collaborative mechanism among technology, finance, and fiscal sectors is established to support invested enterprises, addressing ecological empowerment [5]. - The guidelines permit mother funds to invest up to 70% in individual sub-funds, significantly increasing government support for early-stage investments [5]. Group 5: Current Achievements - The four angel mother funds have selected over 300 management institutions and established 47 sub-funds, with a total investment of 4.058 billion yuan across 250 projects [5].