On December 12, ZGC Collaborative Innovation Fund held the annual meeting for the fund partners in ZGC Life Science Park, reporting the achievements made by the Fund over the past year and looking forward to the future. In addition, Beijing ZGC Life Science Park announced the foundation of an industrial development fund (“Fund”) at the meeting.

The Fund is jointly initiated and established by ZGC Life Science Park, ZGC Medical Device Park and Hebei Jinhuitong Enterprise Group, to provide financial support for high-quality healthcare enterprises in Beijing and Qinhuangdao, which is a cooperation area of Beijing.

The establishment of the Fund reflects the synergy of all sectors of ZGC Development Group. It will make best use of the broader ecological advantages of ZGC Development Group, and supply more “patient capital” to micro, small and medium-sized enterprises in the field of life science and technology. Meanwhile, it will also expand the innovation and entrepreneurship ecology of Zhongguancun to the cooperation areas that is represented by the Beijing-Tianjin-Hebei region to achieve win-win cooperation.