Suzhou, Jiangsu's dedicated artificial intelligence industry mother fund (limited partnership) has officially completed its business registration. This move marks an important step for Suzhou in capital deployment within the field of artificial intelligence. The fund was jointly established by Jiangsu Provincial Strategic Emerging Industries Mother Fund Co., Ltd. and multiple institutions, with a total scale of up to 6 billion yuan. Its main investment directions include construction of computing power infrastructure, data, talent, electricity, and other key links, with particular focus on the integration of "artificial intelligence + manufacturing," promoting applications across industries such as finance, education, healthcare, elderly care, and cultural tourism.
Image source note: Image generated by AI, authorized by MidJourney
The fund's capital structure is diverse, including Jiangsu Provincial Strategic Emerging Industries Mother Fund Co., Ltd. (25% contribution), Suzhou Industrial Park Economic Development Co., Ltd. (22.83% contribution), Suzhou Innovation Investment Group Co., Ltd. (15.12% contribution), and 17 other institutions, with a total of 20 contributors. The executing partner is Suzhou War-Time Private Equity Fund Management Co., Ltd. (1% contribution).
This fund is located in Suzhou Industrial Park, which is considered the core area of the national artificial intelligence innovation development experimental zone. It has already established a complete industrial ecosystem of "chip R&D - algorithm development - scenario application." According to reports, it is expected that by 2024, the park will gather more than 1,800 artificial intelligence enterprises.
It is worth noting that as early as February this year, Jiangsu Provincial Strategic Emerging Industries Mother Fund held the signing ceremony for the second batch of industry-specific funds, establishing 22 specialized funds with a total scale of 40.8 billion yuan, covering cities such as Nanjing, Suzhou, Wuxi, Changzhou, and Nantong. Among these, the 6 billion yuan Suzhou artificial intelligence industry-specific mother fund was included in the four specialized funds signed between Su Venture Capital Group and Jiangsu High-Tech Investment Group.
Key points:
🔹 A 6 billion yuan artificial intelligence industry-specific mother fund was established in Suzhou, Jiangsu to support industry development.
🔹 The fund mainly focuses on key areas such as computing power infrastructure, data, and talent, promoting the integration and application of multiple industries.
🔹 Suzhou Industrial Park has built a complete artificial intelligence industry ecosystem and is expected to gather over 1,800 companies by 2024.
