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First Provincial Mother Fund in Nanjing

in the last few days

Jiangsu Strategic Emerging Industries Mother Fund

(hereinafter referred to as provincial mother funds)

The first batch of industry-specific funds for the first direct investment project -

Nanjing Exton Kudrow Technology Co.

Completion of investment agreement signing

This means that the provincial mother fund and the first batch of industrial special fund investment work was officially launched, also marks the provincial mother fund in the province to promote the development of strategic emerging industries and the future industrial layout took a solid step forward.

On June 21 this year, the provincial party committee and the provincial government announced the launch of a total scale of 50 billion yuan of the provincial strategic emerging industry mother fund, while releasing the first batch of 7 district cities industry special fund 14, with a total scale of 50.6 billion yuan, it is expected to attract social capital to amplify the formation of industry special fund and industry sub-funds up to a total scale of 161.2 billion yuan.

Of the first batch of industry-specific funds

10 regional city industry special mother fund

Fully organized and on the ground

4 Future Industry Angel Funds

Selection of the governing body is being intensified

The Jiangsu Nanjing Software and Information Service Industry Specialized Mother Fund, which invested in Exton Kudrow, is one of the first 14 industrial special funds.The scale of the fund is 6 billion yuan, adopting the mode of "mother-sub-fund + direct investment", focusing on the underlying hardware, basic software, industrial software, application software, open-source software platforms, artificial intelligence, meta-universe, big data, cloud computing, 6G/F6G, satellite communications and other tracks, and investing in the whole industry chain to promote Nanjing to build a world-class software information service industry cluster. world-class software information service industry cluster.

Photo credit: Exton Kudrow

Established in July 2022, Exton Kudrow is an innovative manufacturing enterprise locally cultivated in Nanjing and an incubator of Exton (002747), a leading domestic industrial robotics company. Adhering to Exton's mission to enter the intelligent robot, the team has experience in the productization of collaborative robots and the accumulation of core components of intelligent robots, with strong core technology research and development capabilities. Relying on Exton's rich application scenarios, enterprise collaborative robot products have been successfully realized sales.

This financing is the first time for Exton Kudrow to introduce external investors. In order to give full play to the role of the government investment guidance fund in cultivating new quality productivity boost and guidance, support private enterprises to lead the technological innovation, Jiangsu Nanjing software and information service industry special mother fund direct investment of 30 million yuan, prying the national advanced manufacturing fund investment of 100 million yuan, and jointly help the enterprise to complete the 130 million yuan of financing goals. The investment will focus on Eston with body intelligence and robot control algorithms core logic, help Eston in the traditional six-axis outside the common incubation on behalf of the future development direction of the new business, drive the development of the city's information technology industry, optimize the industrial layout.

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