The conditions for establishing a venture capital fund company are as follows: (1) It has been registered in the administrative department for industry and commerce. (2) The business scope conforms to the provisions of Article 12 of these Measures. (3) The paid-in capital is not less than 30 million yuan, or the first paid-in capital is not less than 6.5438+million yuan, and all investors promise to make up the paid-in capital of not less than 30 million yuan within five years after registration. (4) The number of investors shall not exceed 200. Among them, if a venture capital enterprise is established in the form of a limited liability company, the number of investors shall not exceed 50. The investment of a single investor in a venture capital enterprise shall not be less than RMB 1 10,000 yuan. All investors should contribute in cash. (five) at least three senior managers with more than 2 years experience in venture capital or related business shall undertake investment management responsibilities. If other venture capital enterprises and venture capital management consulting enterprises are entrusted as management consulting institutions to take charge of their investment management business, the management consulting institutions shall have at least three senior managers with more than 2 years of venture capital or related business experience to undertake investment management responsibilities. The term "senior managers" as mentioned in the preceding paragraph refers to managers who hold positions of deputy manager or above or equivalent positions.