December 23 marked the inauguration of the Greater Bay Area Industrial Innovation Development Institute at the Guangdong-Hong Kong-Macao Greater Bay Area Artificial Intelligence Innovation Park in Zhongshan.

The institute has established clear phase-specific goals: to invest in approximately 50 projects and incubate 100 enterprises within five years.

During the opening ceremony, 10 companies from such sectors as intelligent manufacturing and new energy signed agreements to establish operations in the park.

Concurrently, a sci-tech venture capital Fund was launched, with a total scale of 100 million yuan (first phase 30 million yuan). The fund will prioritize investments in frontier fields such as new materials, intelligent equipment and green technology to create a full-chain incubation system spanning from proof-of-concept to industrialization.