The first provincial mother fund was established in Nanjing

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Jiangsu Province Strategic Emerging Industry Fund

(hereinafter referred to as Provincial Fund of Funds)

The first batch of industry special funds for the first direct investment project –

Nanjing Estun Cool Technology Co., Ltd.

Completed the signing of investment agreement

This means that the investment work of the provincial mother fund and the first batch of industry special funds has officially started. It also marks that the provincial mother fund has taken a solid step forward in promoting the development of strategic emerging industries and future industrial layout in the province.

On June 21 this year, the Provincial Party Committee and the Provincial Government announced the launch of a provincial strategic emerging industry mother fund with a total scale of 50 billion yuan. At the same time, they released the first batch of 14 industry special funds in seven prefecture-level cities with a total scale of 50.6 billion yuan. It is expected to attract social capital to expand the formation of industry special funds and industry sub-funds with a total scale of 161.2 billion yuan.

he first batch of industry special funds

10 city-level industry-specific mother funds

All the construction has been completed

4 Future Industry Angel Funds

The selection of management agencies is in progress

The Jiangsu Nanjing Software and Information Service Industry Special Fund that invested in Estun Coolzhuo is one of the first 14 industry special funds. The fund has a scale of 6 billion yuan and adopts the “parent-child fund + direct investment” model. It focuses on underlying hardware, basic software, industrial software, application software, open source software platform, artificial intelligence, metaverse, big data, cloud computing, 6G/F6G, satellite communications and other tracks, and invests in the entire industry chain to promote Nanjing to build a world-class software information service industry cluster.

Founded in July 2022, Estun Coolzhuo is an innovative manufacturing enterprise cultivated locally in Nanjing and an incubated enterprise of Estun (002747), a leading domestic industrial robot company. Estun Coolzhuo adheres to Estun’s mission to enter the intelligent robot market. The team has productization experience in collaborative robots and technical accumulation of core components of embodied intelligent robots, and has strong core technology research and development capabilities. Relying on Estun’s rich application scenarios, the company’s collaborative robot products have been successfully sold.

This financing is the first time that Estun Coolzhuo has introduced external investors. In order to give full play to the role of government investment guidance funds in promoting and guiding the cultivation of new quality productivity and support private enterprises in leading technological innovation, Jiangsu Nanjing Software and Information Service Industry Special Fund directly invested 30 million yuan, leveraging the National Advanced Manufacturing Fund to invest 100 million yuan, and jointly helping the company achieve its 130 million yuan financing target. This investment will focus on the core logic of Estun’s embodied intelligence and robot control algorithms, helping Estun to jointly incubate new businesses that represent the future development direction in addition to traditional six-axis, drive the development of our city’s information technology industry, and optimize the industrial layout.