Core Insights - Jiangsu Province signed a framework cooperation agreement with China Chengtong Holdings Group for a 10 billion yuan investment fund, marking the launch of the third batch of strategic emerging industry mother funds, totaling over 100 billion yuan [1] - The strategic emerging industry mother fund has successfully supported the development of new industries in Jiangsu, with a total of 914 billion yuan raised across 36 specialized funds [2] - The fund cluster has effectively identified and supported innovative projects, demonstrating a commitment to nurturing early-stage technology companies [3][4] Fund Performance and Impact - The strategic emerging industry mother fund has established a total of 36 specialized funds with a combined scale of 914 billion yuan, covering all 13 districts in Jiangsu [2] - The third batch of specialized funds, totaling 155 billion yuan, was officially launched in early July [2] - Over 89 projects have received investment decisions, with more than 2.6 billion yuan directed towards emerging industries, with over 80% of the invested companies based in Jiangsu [2] Investment Strategy and Approach - The fund cluster employs a "patient capital" approach, allowing for long-term investment in innovative projects [2][9] - The funds focus on early-stage investments, particularly in hard technology sectors, utilizing a team with industry expertise to identify potential projects [3][5] - Flexible investment terms are designed to reduce risks for early-stage projects, allowing for a more supportive environment for innovation [7][8] Collaboration and Resource Integration - The fund cluster integrates various resources, including financial capital and local industry connections, to support the commercialization of technology [5][6] - Innovative financial service models, such as "investment-loan combination" products, have been introduced to provide flexible support for technology companies [6] - The establishment of specialized funds for technology transfer from universities aims to enhance the commercialization of academic research [8][9]