Latest statistics show that Zhejiang's VC investment has hit 2.2 billion yuan (265 million U.S. dollars), ten percent of the country's total.

　　Some 630 million yuan (76 million U.S. dollars) of its total VChas been used to boost 146 hi-tech enterprises, said a source in Hangzhou, the provincial capital.

　　Today, the province has 23 VC investment companies in operation,in addition to eight risk management companies and over 100 other professional agencies that provide warranties and consultancy for small and medium-sized hi-tech enterprises.

　　As one of the earliest VC investment companies in the province,Zhejiang Science and Technology Venture Capital Investment Companyhas invested in 20 hi-tech projects, and three of its beneficiary enterprises are now listed in the stock markets in Shanghai and Shenzhen.

　　Statistics also indicate that most of the province's VC investment comes from non-governmental organizations, including state-owned and private enterprises, which take up 56 percent and 22 percent respectively of the total, in contrast to the 11 percent from the government.

　　Foreign investors, the statistics show, have reported more VC investment, which takes up some 10 percent of the province's total.