An intellectual property operation fund was launched in the provincial capital city Chengdu on Sept 15. Its total scale will be at least 2 billion yuan ($305 million). The fund intends to support pillar sectors in Chengdu, including the aerospace and rail transit industries. It will comprise a 300 million yuan main fund, which will hold shares in IP operation organizations, as well as several smaller funds that will invest in IP industrialization projects or IP-driven companies.