12月11日，2025年成都高新区天使投资协会会员大会暨"创投天府·周周见"常态化投融资路演举行。大 会活动现场总结了协会年度成果、公布2025"金蓉奖"。 来自创投机构、金融机构、高校院所、中试平台、新研机构、科创企业的嘉宾围绕"中试+基金"生态建 设，共商资本赋能科技成果转化的新路径。 早期资本投资规模超200亿元 中试平台服务项目超4500项 8家中试服务伙伴上榜 如果说活跃的早期资本解决了科技创新的"钱"从哪来的问题，那么成都高新区的"中试+基金"生态模 式，则致力于打通科技成果从实验室到产业化的"最后一公里"。为此，成都高新区通过资本加速中试验 证，再以中试验证降低投资风险。 大会现场，成都高新区天使投资协会公布了"2025金蓉奖"，以激励在成都高新区深耕布局、持续助力早 期科技项目成长的投资机构与个人，奖项覆盖天使投资人、民营机构、国资机构、中试服务伙伴四大维 度。天虎科技参与提供数据支持。 据披露，当前成都高新区的早期资本投资呈现'两快一好'的特征，即投资速度快、投资增速快、项目发 展好。 具体来看，种子基金2025年1-11月已完成30余个项目出资、出资金额超6000万元；天使子基金2025年 ...

Core Insights - The article discusses the integration of pilot testing and capital investment in the technology transfer sector, highlighting the establishment of a "pilot + fund" ecosystem to address bottlenecks in technology commercialization [1] Group 1: Pilot Testing and Funding - Pilot funds are emerging as a new investment vehicle focused on projects in the pilot testing phase, addressing the funding gap faced by project teams [2][3] - The Chengdu High-tech Zone has signed three pilot funds, indicating a collaborative effort among project teams, pilot platforms, and local governments to foster industry growth [2] - The Chengdu Hummingbird Pilot Equity Investment Fund, managed by a pilot platform, aims to invest in verified quality projects, contributing to the platform's self-sustainability [4] Group 2: Government Initiatives and Industry Development - The Sichuan provincial government has launched a plan to accelerate the development of the technology service industry, emphasizing the establishment of pilot platforms within key industrial chains [5] - The plan encourages collaboration between leading enterprises, universities, and local governments to build independent pilot platforms, exploring various operational models [5] Group 3: Investment Trends and Market Dynamics - Investors are increasingly seeking early-stage opportunities and engaging with research institutions and pilot platforms to bridge the gap between prototypes and market-ready products [6] - The importance of pilot platforms is growing as they serve as accelerators and connectors between scientists and enterprises, facilitating technology transfer [6][7] - There is a consensus among industry experts that pilot testing will evolve into a distinct industry, driven by increasing market demand [7][8]

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]