Shinan District of Qingdao City will establish a Metaverse Industrial Investment Fund with no less than 500 million yuan within three years

According to Jiwei.com, Shinan District of Qingdao City issued "Several Policies and Measures for Promoting the High-quality Development of Metaverse Industry in Shinan District of Qingdao City", which proposed to cultivate the cluster development of metaverse industries, promote the gathering of talents in the field of metaverse, and create Demonstration in the industry, promoting the innovation capability of metaverse enterprises, innovating financing services for metaverse enterprises, supporting leading enterprises to become bigger and stronger, and improving the construction of public support systems. In addition to subsidizing enterprises and talents in the metaverse field, the policy also mentioned in the innovative metaverse enterprise financing services that an industrial development fund will be established, and a metaverse industry investment fund with a target scale of no less than 500 million yuan will be established within three years. The scale of the first phase of the year is 100 million yuan, which guides and drives the accumulation of social capital, focuses on supporting the innovation and entrepreneurship projects of the metaverse industrial content ecology, cultivates key upstream and downstream enterprises of the metaverse industrial content ecology, and accelerates the cultivation of new growth points of the industry.