On June 18, the first concept validation fund in Hubei province – the Hubei Scientific and Technological Innovation Supply Chain Onshore Innovation Center Concept Validation Fund – was launched in the Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC).

Initiated by OVC and Shenzhen Leaguer Co, the concept validation fund targets original and path-breaking early-stage tech projects, assisting them in the initial stage of transforming scientific and technological achievements into practical technological applications.

Hubei's first concept validation fund is launched.  [Photo/WeChat account of Optics Valley of China]

The fund will collaborate with the upcoming Scientific and Technological Innovation Supply Chain Industry Development Fund, covering the chain from concept validation and pilot testing to industrialization, nurturing "innovative seeds" in OVC to grow into towering trees.

The launch of the concept validation fund happened along with the concept validation and university student entrepreneurship project roadshows, with representatives of academic institutions, investment firms, service organizations, and university student entrepreneurship and innovation projects in attendance.

Shen Yue, secretary of the Party Working Committee of OVC, said that OVC will continuously optimize its development environment, facilitating the convergence of entrepreneurial and innovation resources, aiming for a bright future with enterprises, financial institutions, and student entrepreneurs working together towards the vision of building a "World Optics Valley".