Capital boosts high-growth projects | Chongqing establishes 1 billion military-military venture capital fund

The city will set up a one-billion-yuan Chongqing military-civilian fusion venture capital fund, which will reach 5 billion in the later period. Capital assists the integration of military and civilian. The Chongqing Morning Post reporter learned from the organizing committee of the military expo that during the military expo, it will formally sign a contract.

'Virtual key' independent research and development success

Domestic cars can also carry this technology next year

'Our digital 'virtual key' has been successfully developed and will be used on the market for vehicles. In the future, users of car owners will only need to download one APP, and they can drive the world without the need for a car key. Chen Cheng, general manager of Chi Cheng Automotive Electronics Co., Ltd. said.

At present, the company's self-developed 'virtual key' fills the domestic technological gap. It is expected that by 2019, domestic cars will also be equipped with a large range of this technology. This breakthrough in scientific research can not be separated from the support of the VC.

It is understood that 'Jiancheng Automobile' was established in 1998. It was jointly funded by the Electronics Group, Changan Automobile, and Chongqing Kefeng Investment. At that time, the mission of the company was to fully apply military advanced technology to the automotive industry.

Like Jiucheng Auto, Jiuzhou Xingye was invested by Chongqing Science and Technology Venture Capital Co., Ltd.. In 2014, Jiuzhou Xinghao Company cooperated with Chongqing Kefengtou and Dadukou District Kechuang Investment and successfully introduced 1000. Ten thousand yuan strategic investment.

One billion will be established

Chongqing Military and Civil Integration Venture Capital Fund

It is understood that Chongqing Science and Technology Venture Capital Co., Ltd. was established in October 1992 with a registered capital of 340 million yuan. It was jointly established by three shareholders: Chongqing Science and Technology Financial Group Co., Ltd., State Investment Management Co., Ltd. and Chongqing Gaoke Group Co., Ltd. One of the earliest established professional risk investment institutions in the country has invested more than 100 high-tech industrialization projects.

Among them, military-civilian integration has always been a key investment area for the company. In recent years, it has successively invested in more than 10 military-civilian integrated enterprises, including Changan New Energy, Jicheng Electronics, Jiuzhou Xingye, and some of them have become industry leaders.

At the same time, Branch Venture Capital also participated in the formation of 2 military-civilian integration investment funds, with a scale of approximately 500 million yuan.

It is also understood that Kefeng Investment intends to initiate the establishment of a Chongqing military-civilian fusion venture capital fund and formally sign the contract at the ninth military expo. The fund is mainly invested in high-growth military-civilian integration industry projects, focusing on integrated circuits, and intelligent manufacturing. , Position navigation, bio-pharmaceuticals and other industries, the transformation of military and industrial institutes and the two-way transformation of military and civilian technology into investment focus.

The first phase of the fund will have a scale of 1 billion yuan and a target scale of 5 billion yuan. The use of financial instruments such as venture capital funds to strategically incubate and incubate military-civilian integrated companies or projects will effectively solve the funding needs of the integration of military and civilian development, and accelerate the integration of innovative civilian and military subjects. The nurturing, especially in the fields of electronic information, big data, artificial intelligence, etc., promotes the expansion of civilian military enterprises and brings new economic growth poles.

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