The first phase of Jiangsu Social Security Science and Technology Innovation Fund officially signed a contract and landed in Suzhou.

The first phase of the Jiangsu Social Security Science and Technology Innovation Fund officially signed a contract and landed in Suzhou on October 31st. The fund was jointly funded by the National Social Security Fund Council, the Jiangsu Provincial Government, the Suzhou Municipal Government, and ICBC Investment, with an initial size of 50 billion RMB. The Suzhou Innovation Investment Group Co., Ltd. will serve as the fund manager. The fund adopts a dual-layer structure of "parent fund + direct investment" and a joint management model, aiming to achieve an organic combination of resource integration and professional operation. The fund will rely on the strong industrial foundation and innovative ecosystem of Jiangsu and Suzhou, invest throughout the entire lifecycle of enterprises, focus on supporting high-potential projects with breakthrough technologies and high growth, and enhance the resilience and security level of the regional industry chain.