Wuhan Innovation Investment Group unveiled its sci-tech investment center in Optics Valley of China (OVC) on Oct 27, offering a platform for investment institutions nationwide to connect with projects and conduct roadshows and other capital activities in the zone.

Wuhan Innovation Investment Group, a State-owned venture capital platform in Wuhan, is committed to providing long-term investment in early-stage or small enterprises and in core technologies. 

The company has forged extensive partnerships with government-guided funds, industrial capital, and market-oriented investment institutions nationwide, establishing over 120 parent and subsidiary funds with total committed capital exceeding 150 billion yuan ($22.52 billion).

The group also inaugurated the Wuhan Sci-Tech Investment Alliance Base at the center, which has attracted over 40 investment institutions as its first batch of ecosystem partners, who will conduct venture capital activities at the center.

Xu Huaxue, the center's operations manager, highlighted that the Optics Valley Sci-Tech Financial Cluster hosts weekly roadshows and daily project matchmaking events, creating a robust venture capital atmosphere. The center aims to encourage investment institutions to establish a permanent presence in OVC, enriching the zone's tech-financial service ecosystem and attracting more high-quality projects.

OVC, with the Optics Valley Sci-Tech Financial Cluster at its core, has now attracted 146 fund managers, managing 550 funds with a total capital of 431.6 billion yuan. Over the past five years, 1,347 enterprises in the zone have secured equity financing, totaling 64.8 billion yuan.