Recently, IC PARK Xinchuang Fund Phase II - Beijing Zhongfa Xinchuang IC Technology VC Fund   was successfully established, with a total size of 500 million yuan and the ability to invest in excellent firms.  

Xinchuang Fund is a professional industrial fund initiated by IC PARK and also the first fund initiated by ZGC Development Group. It mainly invests in outstanding start-ups that master core technologies in the IC field. The fund has a total size of 1.5 billion yuan and is planned to issue in three phrases.

The first phase of Xinchuang Fund was set up at the end of 2019 and has now entered the exit stage. All firms invested by the Fund have received follow-up financing and 60% of them have been identified as “little giants”, or leading small and medium enterprises that specialize in niche sectors.

Based on the good performance of Phase I, the second phase of Xinchuang Fund continues to use capital as a means to integrate innovation elements, connect the whole industrial chain of integrated circuits, and build a benchmark fund for the IC industry.

Xinchuang Fund is one of the important measures of IC PARK to build an innovation hub of IC design. Compared with other comprehensive and platform-type investment entities, it has obvious advantages. It always adheres to the characteristic industrial positioning of IC PARK, and focuses investment on the IC industry, achieving shared growth with enterprises.

As of December 31, 2023, the Gross IRR of the Phase I of Xinchuang Fund reached 35.3%. Relying on the industrial ecology of IC PARK, the fund can not only provide high-quality investment and financing services for enterprises, but also offer systematic support of "space + investment + services" for the entities of Mass Entrepreneurship and Innovation, helping enterprises to explore and establish a sustainable model of high-quality development.