On March 22, 2024, Ihang Capital and Huzhou Wuxing Industrial Investment Development Co., Ltd. under the government of Wuxing District, Huzhou City, Zhejiang Province jointly set up a sub-fund of the Angel Venture Capital Fund, with a total size of 50 million yuan, the sub-fund is mainly for attracting entrepreneurial and innovative talents to settle in Wuxing District, investing in enterprises in high-end intelligent manufacturing, innovative medical devices, hard science and technology, and other strategic and encouraging industries in Wuxing District, such as emerging industries, future industries and other key development industries.
The sub-fund mainly aims to attract entrepreneurial and innovative talents to settle in Wuxing District, invest in high-end intelligent manufacturing, innovative medical devices, hard science and technology and other strategic emerging industries, future industries and other key development industries in Wuxing District to support and encourage the development of the enterprise, promote the rapid growth of innovative and entrepreneurial enterprises, and promote the transformation and upgrading of the whole region. Ihang Capital was finally selected as the sub-fund manager of Angel Venture Capital Fund of Wuxing District by the evaluation committee composed of the Talent Office of the Organization Department of the Party Committee of the District, the District Development and Reform Bureau, the District Bureau of Finance, the District Science and Technology Bureau and other departments and external experts.