Suzhou Agricultural Industry Sci-Tech Innovation Fund is a RMB20 billion private equity fund founded jointly by Suzhou Agricultural Development Group and Suzhou Venture Group. Managed by Suzhou Nongfa Innovation Capital Management Co., the fund focuses on high-end agricultural machinery, digital agriculture, bio-agriculture and other frontier ag-tech sectors, supporting technology commercialisation in the Suzhou region. The first closing reached RMB6 billion and its initial investments have already been made in local ag-tech companies.
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