A signing ceremony is held at the 2019 Conference on Innovation and Development in Hangzhou, Zhejiang province, on May 20. [Photo/zjol.com.cn]

A matchmaking activity between entrepreneurs and capital investors kicked off in Xianghu Lake National Tourist Resort of Hangzhou, East China's Zhejiang province on May 20.

The 2019 Conference on Innovation and Development, serving as a bridge between companies and government departments, gathered 80 innovative projects and 40 investment institutions from the Yangtze River Delta region to conduct exchanges and explore cooperation opportunities.

Participants were divided into 20 groups, each group consisting of four entrepreneurs and two investors, all of whom had their chance to speak.

"The matchmaking meeting gives us a chance to promote ourselves and increases the possibility of being able to set up operations in a local industrial park,"  said Pan Feng, CEO of a Shanghai biotechnology company.

Tong Jiali, Party secretary of Xiaoshan, believes that investment capital is a catalyst for the development of an innovative economy and hopes that the investment agencies can introduce more quality enterprises, projects and advanced technologies to the district.

Official statistics reveal that from January to May, Xianghu attracted 23 projects, with financial technology, intelligent manufacturing, digital economy, and biomedical industries gradually taking shape.

Four projects were signed to set up operations in Xianghu after the meeting.

Entrepreneurs and investors hold talks at the 2019 Conference on Innovation and Development in Hangzhou, Zhejiang province, on May 20. [Photo/zjol.com.cn]