In August 1999, in order to implement the "18" policies of the Shanghai Municipal Government to promote the development of high-tech industrialization in the city, promote the reform of government investment in science and technology, and accelerate the transformation of high-tech achievements, the Shanghai Municipal Government officially approved the establishment of Shanghai Venture Capital Co., Ltd.

In the past ten years, Shanghai Venture Capital has adopted the "fund of funds" and "entrusted management" models in accordance with the principles of "government guidance, social participation, maximum sharing of benefits, and maximum risk taking" to attract social funds at home and abroad, and has successively established

More than 20 venture capital funds have trained and gathered more than 100 venture capital talents of various types; relying on a professional management team, it has invested in more than 240 early- and mid-stage high-tech enterprises.

In terms of promoting the budding development of venture capital in my country and guiding social funds to invest in high-tech industries, we have actively explored and worked hard to practice and gained valuable experience.

Since 2004, Shanghai Venture Capital has also served as a fund management company, responsible for managing Shanghai's 3 billion yuan special fund for major scientific and technological projects to revitalize the city through science and education, undertaking the management of 34 major projects, and fulfilling the responsibilities of an investor.

The introduction of venture capital management mechanisms in project screening, project evaluation, follow-up supervision, value-added services and other aspects has also achieved good results.

With the full support of the Shanghai Municipal Government, the company has relied on the policy support of piloting and pioneering to actively explore and practice hard, seek development through innovation, and open up a Chinese venture capital path that is both in line with international venture capital and has my country's characteristics. , play an active role in accelerating Shanghai's high-tech industrialization and taking the lead in improving independent innovation capabilities.