Wuxi to invest $145M in tech start-ups

Every little bit helps these days, with funding for tech getting tighter. Here's some good news from JLM Pacific Epoch: "Wuxi has established an RMB 1 billion fund to lead investment in start-ups, with RMB 20 million designated for fields like software and outsourcing services, animation, IT, new energy and medicine, reports Thmz.com. Reports earlier this month said Beijing has dedicated RMB 1 billion to a fund to lead investments in small and medium-sized enterprises in 2009."

 
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