Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC) has launched the nation's first policy-driven "Partner Insurance" product for seed-stage enterprises. The initial rollout provides free coverage for 100 startups, offering up to 4 million yuan ($590,396) in risk protection.

The Partner Project's seed-stage enterprise database is a support channel created by OVC for startups with advanced technology, promising market potential, and strong investment prospects. Companies in this database can access benefits such as "Seed-stage Partner Loans" and "Seed-stage Partner Investments".

Partner Insurance is a specially designed policy product for companies in the database, covering eight major types of risks, including project development failures, intellectual property infringements, and accidents involving executives and core R&D personnel.

What distinguishes this product nationally is its innovative integration of insurance, loans, and investment. As Du Weian, head of OVC's technology insurance development and promotion center, explained, "In the past, companies sought loans from banks and insurance from insurers separately. Now, the three are interconnected, jointly supporting enterprise growth."

As the country's first national-level technology insurance innovation demonstration zone, OVC has established a repository of 68 types of technology insurance. Looking ahead, OVC aims to build a comprehensive tech-finance support system, extend insurance coverage to over 10,000 companies, and attract more than 100 billion yuan in insurance funds by 2028.

Editor: Dai Jingyi