The Beijing E-Town Talent Venture Capital Fund has been approved, with an initial funding pot of 201 million yuan ($27.66 million) and a maximum investment figure of 5 million yuan ($0.69 million) per project. 

Currently, the total scale of the government investment fund system in Beijing E-Town is 10 billion yuan ($1.38 billion), with 6 billion yuan ($0.83 billion) in paid-in capital. 

The establishment of the talent fund further improves the full lifecycle investment system for enterprise development in the area, forming a comprehensive government investment system centered on the "Industry Upgrade Fund + Special Sub-fund + Market-oriented Sub-fund" model.

The fund is to run for an initial period of 8 years, which will include a 3-year investment period and a 5-year exit period. 

The relevant industry management departments of Beijing E-Town will work closely with fund managers to leverage various platforms and resource elements that support talent development within the area.