Zhejiang Province: Set up 1 Billion BeiDou Investment Fund to Assist the Geomatics Industry to Enter the Fast Lane

Recently, Huzhou Moganshan Hi-tech Zone and Zhejiang investment enterprises worked together to jointly set up the BeiDou Investment Fund with a scale of 1 billion yuan. In the first phase of fund of 250 million yuan, there are about 100 million yuan that will be mainly invested in the Geomatics enterprises in the high-tech zones.

It is understood that the BeiDou Investment Fund will be led by the government at first, then run by the market in the later period, with a focus on the investment into BeiDou industry projects. The Fund's operating party is the first company registered in Hangzhou Yuhuang Mountain South Fund Town, specialized in the equity investment management. It has managed 2.5 billion yuan funds with an accumulated basis, and successfully assisted a dozen of enterprises to initiate IPOs, or to merge with other listed companies. At present, BeiDou Geomatics Industry is one of the main investment directions.

"The prospect of geomatics industry or BeiDou application industry is very promising. By 2020, the scale of China's geomatics industry will exceed 400 billion yuan. There are many geomatics enterprises growing rapidly in the high-tech zone, which are worth investment." said by the person in charge of these Investment enterprises official, and he indicated that the geomatics industry represented by the application of BeiDou would undoubtedly be the next promising area.

Not only that, he also said that in 2017, Zhejiang Province released the "Phoenix Project", and by 2020, Zhejiang will have 800 new share-holding companies each year, and the total number of listed companies and key companies to be listed will reach 1,000. For the fast-growing geomatics enterprises planning to issue IPOs, this move by Zhejiang Province will be a powerful policy support. "Next, we will further visit enterprises in the high-tech zone, to conduct more in-depth communication of understanding to identify the direction for the investment."

Deqing Geographic Information Town is located in Huzhou Moganshan National High-tech Zone Geomatics Industry Park, with a total planned area of 3.68 square kilometers, and the core area of 1.31 square kilometers, where China-UN International Forum of Geoinformation Management is permanently located. It has been listed in the first batch of province-level featured town worth nurturing, and in 2016 listed among the province-level outstanding towns. The goal for the town is to create an international geomatics gathering area and form a complete industrial chain covering the data acquisition, processing, application and service.

In recent years, during the vigorous development of Moganshan Hi-tech Zone, more high-quality geomatics enterprises emerge. The Fund will provide financial support to geomatics enterprises, boost the development of enterprises, and promote IPOs. "About 100 million yuan of fund will be mainly invested in geomatics enterprises in the high-tech zone, which is a new financial support. This fund meeting marks the beginning of the integration of financing and investment needs." The person in charge of the high-tech zone investment center said they hope the BeiDou Investment Fund could promote the geomatics enterprises in the high-tech zone to enter the fast lane of development.