China-based MicroPort NeuroTech Limited (HKG: 2172) has announced its commitment to invest RMB 200 million (USD 27.46 million) to jointly establish an investment fund aimed at fostering the development of the brain science and brain-Inspired Intelligence industry, aligning with MicroPort NeuroTech’s strategic future direction.
Collaboration with Other Investors
Joining MicroPort NeuroTech in this venture are other notable investors such as Shenzhen FoF, contributing RMB 598 million (USD 82.11 million), and CICC Capital, investing RMB 10 million (USD 1.37 million). The fund, which is planned to operate for a period of 8 to 10 years, will primarily focus on equity investment, asset management services, and other investment management services through private equity.
Objectives and Scope of the Fund
The establishment of this fund underscores MicroPort NeuroTech’s dedication to advancing the brain science industry, which includes the development of brain-Inspired Intelligence technologies. The fund will provide critical support to innovative projects and companies within this sector, potentially driving significant advancements in the field.-Fineline Info & Tech
