Core Viewpoint - The article discusses the establishment of the Hunan Jin Furong Investment Fund and the Changsha Government Guidance Fund to promote technology innovation and attract early-stage investments in Changsha Economic Development Zone [1] Group 1: Fund Structure and Objectives - The Changsha Economic Development Zone has initiated the Changsha Economic Development Science and Technology Innovation Industry Fund to recruit sub-funds, focusing on early-stage investments in technology [1] - The fund aims to stimulate social innovation and adjust financial funding guidance methods, concentrating on early-stage enterprise development through various incentive mechanisms [1] Group 2: Sub-Fund Categories - The sub-funds under the Science and Technology Innovation Fund are categorized into Seed Sub-Funds and Angel Sub-Funds [1] - Seed Sub-Funds will focus on technology transfer projects from universities, research institutes, and early-stage technology companies, with a minimum scale of 30 million yuan [1] - Angel Sub-Funds will target early-stage technology companies, requiring a minimum scale of 50 million yuan, primarily attracting social capital [1] Group 3: Investment and Return Requirements - During the fund's term, sub-funds must return at least 0.4 times the amount contributed by the Science and Technology Innovation Fund, adhering to specific investment stages and return implementation guidelines [2]