Xuhui, Shanghai: Will establish a 500 million yuan youth entrepreneurship fund in the field of artificial intelligence to support and assist early-stage AI startup projects.

According to Eastday, the press conference for the 2025 World Artificial Intelligence Conference and the High-level Meeting on Global Governance of Artificial Intelligence was held in Shanghai. Wei Lan, deputy district mayor of Xuhui District in Shanghai, stated that they are working to create a first choice location for young innovation and entrepreneurship. They have organized more than a dozen youth talent forums to address the demands of young people in terms of employment, entrepreneurship, career development, and quality of life, and have formulated special policies for young talent in the field of artificial intelligence. These policies not only provide office space and residential space discounts for start-up teams and excellent teams, but also establish a 500 million yuan youth entrepreneurship fund in the field of artificial intelligence. The main goal is to support early-stage AI startup projects and attract more young people to Xuhui to engage in the young field of artificial intelligence.