The ZTE Innovative Fund will help incubate new technologies and business models suggested by its 80,000 employees.

ZTE, a China-based telecommunication technology company, has started a RMB100m ($15.5m) corporate venturing fund to promote innovation by its employees.

The ZTE Innovative Fund will help incubate new technologies and business models suggested by its 80,000 employees. It follows ZTE’s minority and majority investments in external entrepreneurs from a fund set up last year, which sources said had involved a greater financial commitment this year than for the Innovative Fund.

Hou Weigui (pictured), ZTE chairman and chief architect of…