The Ministry of Science and Technology joined forces with Nishimoto Shinkansen to establish the Science and Technology Fund with a scale of RMB 250 million (VC290)

Learned from the spot trading platform Nishimoto Shinkansen, the Science and Technology Fund jointly established by the Ministry of Science and Technology, Shanghai Pudong Technology Investment Company and Nishimoto Shinkansen was unveiled on January 7.

The scale of the Science and Technology Fund totals 250 million yuan, and the capital composition of "government departments + state-owned capital + social capital" is implemented. Among them, the Ministry of Science and Technology invests 50 million yuan, Pudong Branch invests 90 million yuan, and the remaining 110 million yuan is injected from the Nishimoto Shinkansen.

Such funds funded by the Ministry of Science and Technology are only a dozen in the country, and the Science and Technology Fund is the fund with the highest investment amount by the Ministry of Science and Technology; the fund is mainly invested in macro-policy-oriented and industrial-development-oriented SMEs and strategic SMEs and strategic Emerging industries, focus on cultivating a number of industry leading enterprises.

Pudong Ketou is a wholly state-owned venture capital company established by Shanghai Pudong New District in June 1999 and will be mainly responsible for the specific operation of the science and technology fund. Sheng Zhicheng, director of information at Nishimoto Shinkansen, said on the 6th that the spot trading platform that the company is building needs the support of logistics and Internet technology, so it also needs to pay attention to and cooperate with technological innovation companies.

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