Government funds ignite growth in high-tech firms

"This is our AI application currently under development. We have completed comprehensive research on both commercial and open-source large models. After it is tested successfully, it will be implemented in business scenarios such as a fruit and vegetable standard database, audio and video processing, and after-sales claim assessment," said a manager of Guizhou Guoka Technology Co, who was very grateful for investment from Guiyang Venture Capital Co, without which the company could not have been able to devote itself fully to the big data platform and AI application R&D.

In recent years, Guiyang Venture Capital Co has been supporting innovative and high-tech small and medium-sized enterprises (SMEs) through the injection of governmental industrial funds, contributing to Guiyang's economic growth and industry upgrading.

Focusing on equity investment, and by means of a series of highly market-oriented fund management and project investment operation models, the company promotes the fast growth of SMEs with advantages in niche markets, becoming a potent corporate incubator and accelerator.

So far, Guiyang Venture Capital Co has collectively managed 15 funds, with the total capital scale surpassing 16 billion yuan ($2.26 billion), spanning emerging businesses such as healthcare, big data and electronic information, new energy and new materials, and advanced equipment manufacturing.

The company has also brought in outstanding entrepreneurship teams and projects from Beijing, Shenzhen and other places to Guiyang, and has attracted nearly 500 senior management personnel and over 1,000 high-tech technicians, indirectly creating jobs for about 10,000 people.

The company has so far completed more than 110 investment projects (including sub-fund projects), and over 70 percent of enterprises it has invested in are high-tech enterprises.