Qingdao’s fund of funds (FoF) for sci-tech innovation in 2025 amounted to more than RMB 11 bln, which has so far ploughed sums into a total of 26 sub-funds. With a focus on Qingdao’s key industrial clusters including new-generation information technology, artificial intelligence, life and health, and intelligent equipment, and underpinning the “10+1” innovation-driven industrial system, these sub-funds compose a spectrum of funds across the life cycle ranging from seed funds, angel funds, growth funds to maturity funds.

Start-ups comprise nearly 80% of the projects invested by the fund of funds for sci-tech innovation, which has deeply involved in the first or second round of funding for more than 40 Qingdao-based companies. A number of highly promising science and technology-based enterprises in key fields such as integrated circuits, artificial intelligence, biological medicine and high-end equipment have played pivotal roles in helping Qingdao to develop new quality productive forces.

Furthermore, Qingdao’s fund of funds for sci-tech innovation has actively involved in the city’s industry-specific funding program, thus facilitating the building of an innovation-driven industrial system. New ways have been explored to establish specific-purposed funds, and to draw more capitals and resources to shore up weak links in the industrial and supply chains. (Geng Tingting)

Foreign journalists are visiting Haier Innovation Ecosystem Park. By Liu Dong