On June 20, 2011, the signing ceremony for China Materialia Venture Capital Fund I was held in Shanghai Yangpu district. The ceremony was attended by officials from Shanghai City Development and Reform Commission (SDRC) Shanghai Yangpu district government, investors in the fund, entrepreneurs and other VCs.

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China Materialia Venture Capital Fund I is 150 million RMB, of which 50.5 million RMB is committed by the Yangpu district government, 37.5 million RMB is from the Shanghai municipal government thorough its Venture Capital Guidance Fund, and 62 million RMB is committed by private investors. Targeting early stage enterprises, China Materialia Venture Capital Fund I aims to invest in start-ups with advanced technologies.

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Dr. Min Zhou, CEO and co-founder of China Materialia, addressed the meeting. She thanked the municipal government, Yangpu district government and the private investors for their support for the Fund. The fund aims to make attractive venture capital investments by combining technology and talent, by integrating the fund and the incubation base, by founding as well as investing in companies and by bridging the East and the West. China Materialia LLC will leverage its broad network of relationships abroad to bring to China technologies that supplement the high tech industry in China. CM has examined more than 600 cases to-date, 47% of which are from abroad and 53% are domestic start-ups. ” China Materialia will bring to the funded enterprises an international vision, access to resources from all over the world and assistance in the localization of management.