在科技成果转化领域，有两个关键词。一是中试，连接着实验室与生产线；二是资本，着力提供金 融活水。 两者相融，能产生怎样的化学反应？近日，在蓉举行的2025中国成都天使投资生态大会上，一批中 试子基金和中试平台项目签约，创新构建"中试+基金"生态，打通成果转化堵点。 有何效果？ 项目团队、中试平台、地方政府"三赢" 当天，华西精创有源医疗器械中试平台总经理孙淼早早来到现场作准备，"今天中试基金的签约非 常重要。" 中试基金算是新事物，指主要投资中试阶段项目的基金，如今越来越多的地方正在积极筹建。业内 看来，这是相关三方——项目团队、中试平台、地方政府基于各自需求共同促成的结果。 对项目团队来说，有助于解决中试阶段缺资金的难题。成都高新蜂鸟智能硬件中试平台是全省首批 智能硬件中试研发平台，已累计服务中试项目600余项。平台创始人田勇说，因尚未产业化、拿不出营 收数据和资产抵押，中试阶段的项目往往很难融资，"即使有公共平台的服务帮助节约成本，部分专用 设备依旧需要资金支撑。" 对地方政府来说，中试基金是培育产业的新抓手。以成都高新区为例，大会上，该区签约3只中试 子基金，且都有中试平台深度参与组建运营。"在长期一线 ...

Core Insights - Chengdu High-tech Zone has established a comprehensive early-stage capital support system, achieving over 20 billion yuan in funding for more than 200 early-stage projects [1][2] - The recent conference focused on the theme of accelerating the transformation of scientific and technological achievements through a "trial + fund" ecosystem, highlighting the importance of capital in driving innovation [1][2] Group 1: Funding and Investment - A total of 9 cooperative funds were signed at the conference, with a combined scale of 7.4 billion yuan, and 35 investment agreements were completed across various funding stages [1] - The angel mother fund has now exceeded a cumulative cooperation scale of 20 billion yuan, with new sub-funds focusing on sectors such as new energy, new materials, third-generation semiconductors, artificial intelligence, and biomedicine [1][2] Group 2: Development and Growth - Chengdu High-tech Zone has evolved from a single 80 million yuan government-funded angel investment fund in 2012 to a diverse early-stage capital ecosystem exceeding 20 billion yuan, representing a growth of over 200 times [2] - Since the establishment of the early-stage capital support system in July 2024, approximately 240 early-stage projects have been supported, with nearly 30 projects funded in the first nine months of 2025 alone [2] Group 3: Infrastructure and Support - The Chengdu High-tech Zone is developing a 5 billion yuan trial venture capital fund, which will not only invest in trial incubation service projects but also in the infrastructure necessary for trial platforms [3] - A 1 billion yuan trial platform fund has been established to support the construction of trial platforms for smart hardware and advanced ceramic materials, with plans for a second fund in the pipeline [3]

Core Insights - The 2025 China Chengdu Angel Investment Ecological Conference was held in Chengdu High-tech Zone, focusing on the theme of "Accelerating the Transformation of Pilot Results, Capital Achieving New Quality Future" [1] - The conference aimed to explore the critical role of the "Pilot + Fund" ecosystem in promoting the transformation of scientific and technological achievements [1] Group 1: Conference Overview - The conference was guided by various governmental departments and attracted over 300 participants from venture capital institutions, strategic platforms, research teams, and industry experts [3] - A total of 9 cooperative funds were signed with a collaboration scale of 7.4 billion yuan, along with 35 investment agreements for early-stage projects [3][4] - The early capital support system in Chengdu High-tech Zone has exceeded 20 billion yuan, supporting over 200 early-stage projects [3] Group 2: Investment Focus and Achievements - The angel mother fund has accumulated a cooperation scale exceeding 20 billion yuan, focusing on sectors such as new energy, new materials, third-generation semiconductors, artificial intelligence, and biomedicine [4][5] - The early capital system has successfully incubated companies like Chengdu Electric Light Technology and Junyi Digital, showcasing a growth of over 200 times from an initial fund of 80 million yuan [7] Group 3: Project Support and Future Plans - The early capital ecosystem has supported approximately 240 early-stage projects since its establishment in July 2024, with seed funds investing nearly 10 million yuan in 42 projects [9] - Chengdu High-tech Zone is developing a 5 billion yuan pilot venture capital fund to support pilot incubation services and infrastructure [12] - Future plans include leveraging industrial funds to accelerate the integration of innovation chains, industrial chains, and capital chains, aiming to establish Chengdu High-tech Zone as a hub for investment institutions and technological innovation [14]