Fund Created to Boost Seed Industry in Shenzhen
Qianhai launched a 500 million yuan national fund that will help in boosting the agricultural seed industry in the city. the national fund is an investment coming from 11 partnership which include the Shenzhen Municipal Government along with listed seed enterprises. The fund is expected to grow in volume once it becomes international.
In developing the seed industry in the city it needs to increase their efforts in promoting and practice the research and developmental achievements. The establishing of a innovation platform for the seed industry along with the gathering of professionals is expected to boost the development of the seed industry. The seed market volume in China is also expected to hit US$ 14 billion by 2015 making it the largest seed market in the world and its stocks is likely to be traded into larger volumes of seeds for exporting.
the seed fund is only a prelude to the international summit for biological technology that is set to open at the Shenzhen Convention and Exhibition Center that has more than 60 well known names from China and abroad coming in to participate.