Jiangsu Internet of Things Science and Technology Development Company, a subsidiary of China Internet of Things Research and Development Center, initiated the establishment of "Internet of Things Industry Investment Fund", raising 50-1billion yuan in the first phase. Mainly carry out the introduction and training of entrepreneurial teams at home and abroad, and cultivate innovative enterprises in the field of Internet of Things.

20 10 In May, Jiangsu Internet of Things Research and Development Center, Wuxi Guolian Development (Group) Co., Ltd., wuxi new district Innovation and Venture Capital Group Co., Ltd. and Datang Telecom Technology Co., Ltd. signed a cooperation agreement to jointly establish the "China Internet of Things Industry Investment Fund" with a total scale of 5 billion yuan. This is the first Internet of Things industry fund in China, which will be raised in stages. The amount of funds raised in the first phase was 654.38 billion yuan, and the sponsors subscribed for a total of 600 million yuan in the first phase, including 200 million yuan from Datang Telecom, 654.38 billion yuan from Internet of Things Center, 200 million yuan from Wuxi Guolian Group and 654.38 billion yuan from wuxi new district Venture Capital.