Behind a set of data, Shanghai Science and Technology Venture Capital (Group) Co., Ltd. is the funding carrier for government functional funds, the cultivation platform for technology-based SMEs, and the professional organization for market-oriented operation of state-owned enterprises.
Recently, in the "2018 Dialogue of Shanghai State-owned Enterprises Leaders" in Shanghai, the group's party secretary and general manager Shen Weiguo said that in the process of promoting Shanghai's innovation and entrepreneurship, the group will closely focus on the construction of the Science and Technology Center, helping to form ' The collaborative development pattern of entrepreneurship, innovation + venture capital has become the main force in the construction of Shanghai Science and Technology Innovation Center and the leader of Shanghai's innovation and entrepreneurship.
There is a frequently quoted metaphor in the field of science and technology: the basic research of scientific and technological innovation activities, the development of pilot test, the three ratios of industrial production, the ratio of funds required is 1:10:100, and the funds for each development stage are the first one. Ten times the stage. Once the investment is insufficient, the innovation loop will be broken, and the initial investment will be lost.
'Kechuang Investment Group hopes to build a full-featured investment and financing platform that promotes the whole life cycle of Shanghai's innovation and entrepreneurship.' Shen Weiguo said that it will foster technological SMEs and promote the transformation and upgrading of Shanghai's strategic emerging industries.
Specifically, the first is to build a government fund investment management platform. On the one hand, promote social capital to participate in innovation and entrepreneurship; on the other hand, focus on the development of key industries, while also spare no effort to promote the transformation of scientific and technological achievements. 'We invested 1 billion yuan, participated in the scale of 100 By the end of 2017, the project has invested 6 projects with an investment of 1.5 billion yuan. Shen Weiguo said.
The second is to build a government-funded new project investment management platform. Significant progress has been made in many projects: Shanghai Microelectronics Equipment Co., Ltd. has become the only high-tech company in the world with the design and integration of high-end lithography systems in Shanghai; The integrated circuit equipment developed and manufactured by Micro-Semiconductor Company has entered the advanced manufacturing production line at home and abroad, realizing China's innovation and breakthrough in this field; Shengmei Semiconductor Equipment Co., Ltd. successfully listed on NASDAQ in 2017.
The third is to build a platform for innovation and entrepreneurial ventures. Shen Weiguo said that the direct investment of state-owned venture capital firms has always been centered around the government's strategic orientation, such as: focusing on the government's development of biopharmaceutical industry strategy, equipment manufacturing, revitalizing the real economy strategy, etc. Over the years, 127 investment projects have been listed (accumulated 172 over the years), and 110 awards have been awarded for various achievements (including 3 first prizes for Shanghai Science and Technology Progress), 6 companies (Iqiyi, registered network, safe doctor) , looking for steel mesh, Hujiang.com, Qi Niuyun) became a 'unicorn' enterprise.
The fourth is to build a technology financial service platform. Science and Technology Investment Group has created a full-featured, full-life science and technology financial service platform for innovative and entrepreneurial enterprises. By exploring new forms of technology finance, it has helped to promote 'mass entrepreneurship, innovation” 'Investment, loan, guarantee, service' linkage mechanism.
In this process, as an investment institution, Shanghai Science & Technology Investment Group not only became the 'accelerator' of cultivating brands, but also started the reputation of its own brand. 'In the future, we will hatch more brands.' Shen Weiguo said, It is necessary to further play the platform role of the national functional venture capital enterprise, guide the role, demonstrate the role, attract and gather more social forces, social capital and investment teams to participate in the brand building in Shanghai, and form the 'pipeline' of the hatching brand and 'Processing factory'.
Taking the integrated circuit industry as an example, the investment is large, the cycle is long, and the risk is high, which often makes many social capitals “deeply deterred.” As the manager of the Shanghai IC industry investment fund, the science and technology investment group has been laid out for a long time, and has been integrated for more than a decade. Circuitry is one of the most important investment directions.
'We have systematically and fundamentally laid out the entire industrial chain of integrated circuits in various ways, such as direct investment, fund investment, and government-specific investment, according to the government's development strategy for the integrated circuit industry.' Shen Weiguo said Through years of intensive cultivation, we are committed to the creation of a 'Shanghai Made' brand enterprise with distinctive characteristics.
According to reports, the Group has invested in nearly 50 types of integrated circuit companies, forming a portfolio covering almost the entire industry chain including design, equipment, manufacturing, materials, etc. The investment stage has also achieved early stage, growth period, industrial investment, mergers and acquisitions. Wait for full coverage of all stages.
Providing 'Shanghai Service' to help 'Shanghai Manufacturing', Shanghai has started the 'Four Big Brands', and investment institutions are an important part of it. If the 'Four Big Brands' are 'ladders' that build Shanghai's future strategic advantages, then investment institutions It is the 'people who help the ladder', so that every innovative entrepreneur can go more stable.
In this regard, Shen Weiguo said that the next step is to focus on the national strategy, give play to the 'demonstration' role of state-owned venture capital, better support the development of enterprises in key areas and new areas; focus on new technologies and new industry development, around 5G, AI, New technologies, new fields and emerging industries such as new energy vehicles, increase layout; Focus on the linkage of industry chains and platforms, promote venture capital enterprises, exchange information among investment projects, business synergies, investment linkage and resource sharing; Focus on reform and innovation The Group will have steps to systematically promote the market-oriented reform of the Group; focus on the areas of people's livelihood that the people care about, such as biomedicine and other fields related to people's livelihood.
Two days ago, Shanghai Science & Technology Investment invested in the equipment produced by Shengmei Semiconductor, successfully moved into its investment in the 'Hua Li Phase II' 12-inch advanced production line project; and earlier, its investment in the equipment produced by Zhongwei Semiconductor It has successfully moved into another new production line of SMIC International. The cooperation of this industry chain innovation chain is greatly improving the effect of Shanghai's integrated innovation and overall development.
Shen Weiguo said that as a state-owned venture capital enterprise, it will continue to invest in early-mid-term projects, insist on investing in strategic emerging industries, persist in playing the role of a state-owned functional venture capital enterprise platform, and adhere to the growth of service technology SMEs.