Shanghai's three major pilot industry mother funds have launched the selection process for the third batch of fund management institutions.

At the "Intellink Innovation Forum: Empowering AI Innovation Ecosystem" special forum hosted by Shanghai Guotou Corporation at the World Artificial Intelligence Conference on July 28th, the selection of the third batch of market-oriented sub-funds by Guotou Pioneer was launched, focusing on leading chain masters, CVC, and other areas. According to the announcement, Shanghai Guotou Pioneer will invest in the third batch of sub-funds managed by Shanghai Guotou Pioneer Integrated Circuit Private Equity Fund Partnership, Shanghai Guotou Pioneer Biopharmaceutical Private Equity Fund Partnership, and Shanghai Guotou Pioneer Artificial Intelligence Private Equity Fund Partnership, including newly established sub-funds and funds that have already been established through capital increase. The third batch of sub-funds that Shanghai's three major pioneer industry mother funds plan to invest in should be equity direct investment funds established or relocated within the city. Sub-funds must be managed in a market-oriented and professional manner by professional management institutions, focusing on supporting the three major industries of integrated circuits, biopharmaceuticals, and artificial intelligence through equity investment. This selection encourages cooperation with leading chain enterprises that meet the key layout directions of the three major pioneer industries in Shanghai to establish funds.