Pudong Launches a 2 Billion Yuan Artificial Intelligence Seed Fund, with the First Phase Focusing on Early-Stage Investments
Pudong New Area launched a seed fund with a total scale of 2 billion yuan for artificial intelligence. The first phase is 500 million yuan, making it the first state-owned capital venture capital fund in China focusing on the pre-seed stage. It has signed 18 projects. The AI industry scale in Pudong exceeds 160 billion yuan, accounting for 40% of the city, and has gathered more than 200 specialized model enterprises. In the future, five major measures will be implemented: releasing over 30 application scenarios, building a heterogeneous robot training field, establishing a full-cycle fund matrix, optimizing industrial policies, and providing talent services. The goal is to add 1,000 AI companies within three years, and the core output value will exceed 200 billion yuan, aiming to build a comprehensive AI ecosystem.