China's first venture capital (VC) fund focused on solely female entrepreneurship - the Wuhan Cybernaut Women's Innovation Entrepreneurship Venture Capital Fund - has been established in Wuhan, capital of central China's Hubei Province.
The fund was co-planned and launched by the Wuhan Women's Federation and Silicon Valley-backed Cybernaut (China) Investment.
At present, the Wuhan Cybernaut Women's Innovation Entrepreneurship Venture Capital Fund has already raised 100 million yuan (US$ 16.27 million) for their first phase. Through preliminary screening, 20 projects have been included in their project library.
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