Nanchang to spend 140 million of the fund set up two key investment in the LED industry

As a positive response to the spread of the global financial crisis, accelerate the development of LED and other high-tech industries and the growth of SMEs, to maintain stable and rapid economic development, the city decided to pay 140 million yuan to set up two funds, together with the domestic well-known equity fund management company, branch investment (fund) management company set up a venture investment the fund, in Nanchang at the same time, international famous Jinsha River venture Cci Capital Ltd set up Jinsha River LED industry fund.

Reporters learned that the Nanchang branch of venture investment fund, by the Nanchang municipal government invested 3000 - 40 million yuan, branch investment (Fund) management company invested 15 million yuan, and absorb the social capital initiated the establishment of the fund size of 5 billion yuan, the first phase of the fund size of 300 million yuan, for the city's first fund. Currently, the fund is being raised, is expected to be established in late March this year.

Jinsha River LED industry fund invested 100 million yuan by the Nanchang municipal government, Jinsha River Vc firms contribution of not less than $300 million, the fund size of 4 - 500 million yuan. The fund focused on investment in Jinsha River, Nanchang LED Industrial Park settled enterprises to promote the development of the LED industry in Nanchang.