The Hefei National High-tech Industry Development Zone in Hefei, the provincial capital of East China's Anhui, has organized resident deep tech enterprises based in its development zone to join a meeting aimed at drumming up investment and financing in Beijing, with targeted investment of more than 1 billion yuan ($145.56 million).

Hefei high-tech zone organizes deep-tech enterprises to participate in a meeting for investment and financing in Beijing. [Photo/WeChat ID: hefeigaoxinfabu]

Deep tech companies are those that offer solutions in a wide range of fields, using techniques such as big data, artificial intelligence and deep learning, with a more scientific approach than what is typically seen in tech companies.

During the meeting on March 15, 11 deep tech enterprises, including PersonGen and AnHui Kiwi Biotech, showcased their core technologies in key fields, their progress in research and development, and presented their development prospects and financing demand.

More than 30 investment institutions, including China International Capital Corporation (CICC), Plum Ventures, Yingke PE, Hongtai Aplus and Fortune Capital, attended the meeting and gave positive feedback afterwards.

They expressed an interest in forging in-depth cooperation with deep tech enterprises in the development zone by using their capital investment to help them to cultivate and expand a group of potential industry leaders with their own intellectual property rights that can participate in international competitions.