Zhenjiang Gaotu Venture Capital Co., Ltd. was officially established on July 17, 2008, marking two significances. First, it proves Zhenjiang municipal government has strengthened support towards the development of local high-tech enterprises. Second, the high-tech industry services system of Zhenjiang New Area has escalated to a new height.
The company was jointly invested and established by the Jiangsu Gaotu Venture Capital Management Co., Ltd., Jiangsu High-tech Investment Group Co., Ltd., Zhenjiang City Venture Capital Co., Ltd. as well as Zhenjiang New Area Economic Development Corporation. The company's total registered capital is RMB 100 million. The company will adopt entrusted investment management mode and use the entire assets as venture capital.
The company will provide Zhenjiang-based high-tech enterprises and technology-oriented SME enterprises in all development stages (early stage, growth stage and mature stage) with venture capital to help carry out innovative activities. The company will prefer to take into account technology-oriented and growth programs that will reside in the Zhenjiang New Area.