（原标题：杭州再放大招！力争"十五五"基金集群突破5000亿元） 继去年11月启动杭州润苗基金后，杭州在基金集群打造方面再放大招！ 近日，杭州发布《关于做强做优做大"3+N"杭州产业基金集群推动杭州特色现代化产业体系高质量发展 的实施意见》（以下简称《实施意见》），力争"十五五"时期"3+N"基金集群规模突破5000亿元。 在投资方式方面，三只政府投资基金可采取行业母基金、子基金、专项子基金等投资方式，原则上同股 同权。其中，杭州科创基金可视情况设置提前退出、投资让利、风险补偿等条款。除经杭州市级国资监 管机构事前备案外，国企基金采取直接投资方式。出资比例方面，杭州市级国有资本对天使投资类、科 技成果转化类子基金的出资比例不超过40%，对其他类型子基金的出资比例不超过30%，并购重组类、 纾困类基金除外。 财政每年统筹安排50亿元 杭州"3+N"基金集群包括杭州科创基金、杭州创新基金、杭州并购基金等三只政府投资基金，以及N只 市属国有企业投资设立的基金（以下简称"国企基金"）。 根据《实施意见》，杭州将聚焦重大战略、重点领域和市场不能充分发挥作用的薄弱环节，持续优化产 业基金体系；围绕杭州特色现代化产业体系部 ...

Core Insights - The Lianyungang Haizhou District has launched a "2+N" industrial fund cluster with a total scale of 4 billion yuan, aiming to inject strong capital momentum into regional industrial upgrades [1][4] - The Lianyungang High-tech Industry Mother Fund, a key component of the fund cluster, has already completed nearly 500 million yuan in investments this year and aims for a total investment of nearly 2 billion yuan by the end of 2024 [4][5] - The fund cluster has successfully facilitated the landing of 9 return investment projects with a total investment exceeding 1 billion yuan, creating a virtuous cycle of "investment - landing - development" [5] Investment Strategy - The fund cluster focuses on precise investment in key sectors such as biomedicine and high-end manufacturing, with investments in 8 quality projects including Zhongwei Biomedicine and Dongpu Precision Ceramics [4][5] - A special investment fund of 100 million yuan has been established to prioritize projects that win innovation and entrepreneurship competitions, creating a mechanism for incubating quality projects [5] Economic Impact - By the end of 2025, five projects including Hanchitech are expected to land, contributing over 1 billion yuan in annual industrial output value and over 100 million yuan in tax revenue for the Haizhou District [5] - The fund cluster aims to enhance the full-cycle refined services and further integrate capital empowerment with ecological cultivation to support high-quality economic development in the region [5]

Core Viewpoint - The article discusses the implementation opinions for strengthening and optimizing the "3+N" Hangzhou industrial fund cluster to promote high-quality development of Hangzhou's characteristic modern industrial clusters, focusing on the "296X" advanced manufacturing cluster as the backbone [2][3]. Group 1: Fund Cluster Overview - The "3+N" Hangzhou industrial fund cluster consists of three government investment funds: Hangzhou Science and Technology Innovation Fund, Hangzhou Innovation Fund, and Hangzhou M&A Fund, along with N city-owned enterprise investment funds [4]. - The Hangzhou Science and Technology Innovation Fund focuses on early-stage, small, long-term investments in hard technology, supporting talent entrepreneurship, innovation in SMEs, and the transformation of scientific achievements [4]. - The Hangzhou Innovation Fund aims to support traditional industry upgrades, the cultivation of emerging industries, and the expansion of future industries through large-scale investments [4]. - The Hangzhou M&A Fund is designed to support financial investments, financial technology investments, and industrial mergers and acquisitions, with a focus on supplementing, strengthening, and expanding industrial chains [4]. Group 2: Strategic Goals and Principles - The goal is to scale the "3+N" Hangzhou industrial fund cluster to over 500 billion yuan during the 14th Five-Year Plan period, focusing on strategic areas and weak links in the market [3]. - The implementation will adhere to principles of government guidance, market operation, scientific decision-making, and risk prevention, promoting market-oriented, legal, and professional fund operations [3]. - There will be an emphasis on investment collaboration among different types of funds to prevent homogenization and the crowding out of social capital [3].

Group 1 - The article highlights the emergence of six innovative technology companies in Hangzhou, referred to as the "Six Little Dragons," symbolizing the city's transformation into a hub for technological innovation [1][7] - Hangzhou's innovation ecosystem is supported by a vast network of startups and established industry leaders, emphasizing the need for financial support from various sources, including angel investments and large asset management [1][2] - The local government plays a crucial role in fostering a favorable business environment for tech startups, providing incentives and support services that encourage innovation and growth [4][6] Group 2 - The shift from "wild growth" to "high-quality development" in Hangzhou's financial sector is characterized by a focus on larger investments in established industries, enhancing the overall innovation landscape [2] - The government has implemented several forward-looking policies to promote strategic emerging industries, including the establishment of large-scale industry funds to support innovation [11][12] - The integration of capital and industry is being actively pursued, with recommendations for collaboration between government funds and leading enterprises to strengthen the innovation ecosystem [13][14] Group 3 - The article emphasizes the importance of capital in empowering technology companies, enabling them to grow and compete effectively in the market [16][17] - Hangzhou has become a gathering place for major industry leaders, supported by a robust financial infrastructure that facilitates the growth of both small startups and large enterprises [16][17] - The synergy between innovation and capital is seen as a driving force behind Hangzhou's emergence as a significant player in the tech industry [17]