Zhongguancun Development Group (ZDG) is a state-owned enterprise funded by the Beijing Municipal Government that provides venture capital finance to innovative enterprises. ZDG has three core businesses: hi-tech investment, technology park development, and hi-tech financing. Hi-tech investment supports technology commercialization through equity investments, while hi-tech park development designs, constructs, and operates hi-tech park infrastructures, incubators, and factories. Hi-tech financing supports technology innovation through various financing platforms. ZDG has invested in 294 programs, with projected revenue for these enterprises reaching 190 billion RMB. They plan to invest in more than 450 companies by 2015, with revenue volume exceeding 200 billion RMB.