GUI launches fund to boost future industries

As 2024 begins, Grand Union of Innovation (GUI) in Hefei is witnessing a surge of activity, with new projects and partnerships shaping up for a strong start to the year.

By late February, GUI had launched eight sub-funds totaling $500 million, focusing on key sectors like smart manufacturing, new materials, and automotive innovation. These funds will support early-stage teams and provide essential financing for breakthrough technologies.

Several notable projects have already settled in GUI. Among them is the Zhidi Intelligent Vehicle R&D Headquarters, an investment aimed at advancing smart automotive technologies. Additionally, two new materials projects have been established, one focused on material industrialization and the other on developing cutting-edge polyimide solutions.

In line with its commitment to nurturing innovation, GUI also introduced a new startup financing initiative, expanding funding to emerging sectors such as quantum tech, AI, and integrated circuits. With these efforts, GUI is well-positioned to continue driving Hefei's development as a tech hub, fostering the growth of the next-generation industries.