Venture capital LED company settled in Chongqing Dadukou

In April this year, Chongqing Science and Technology Venture Capital Investment Fund Co., Ltd. (hereinafter referred to as the “Guiding Fund”) and the Dadukou District established a sub-fund with a fixed-point investment to welcome the first investment and pass the investment to the domestic market. A leading LED chip company introduced Dadukou.

Venture capital matchmaking circle and Rongguang settled in Chongqing

Recently, Chongqing Yuanyi Lighting Technology Co., Ltd. completed the registration process for equity investment in Dadukou District, and is a wholly-owned subsidiary of domestic LED chip company Maanshan Yuanrong Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Yuanrong Optoelectronics”) in Chongqing. . It is understood that Yuanrong Optoelectronics was established at the end of 2010. It is a national high-tech enterprise specializing in the research, development, production and sales of full-color LED epitaxial wafers and chips. It has attracted many domestic and foreign technical elites to join. The project has a patented technology for LEDs.

“We have visited a lot of places and finally chose the first subsidiary in Southwest China in Chongqing.” In the interview with reporters, Yuanrong Congyi of Yuanrong Optoelectronics said that in addition to market development prospects and industrial supporting demand, the wind The involvement of the investment and the various preferential policies given by the Dadukou District Government are also important factors in attracting Yuanrong Optoelectronics.

Cong Wei introduced that while Yuanrong Optoelectronics went to Dadukou for investigation, Chongqing Dadukou District Science and Technology Venture Fund was also inspecting this company. In the end, after half a year of "blind date" and inspection, Yuanrong Optoelectronics received a million yuan investment from the above funds in April this year.

"Chongqing company is mainly responsible for the expansion of LED epitaxial business. The radiation area includes the entire southwest region. Next, we are considering establishing a chip R&D and production base in Chongqing." Cong Wei told reporters that LED epitaxy and chip production Equipment can not be relocated, so setting up a factory in the local area will be more conducive to the company's layout in the southwest. “Enterprises have to expand their production, and capital is the primary issue. When they settle in Chongqing, they can also get financing. This is a two-pronged approach for Yuanrong Optoelectronics.”

In fact, as early as 2011, Yuanrong Optoelectronics has already invested in domestic well-known venture capital funds such as Northern Light Venture Capital, CDH Venture Capital and Haitong Innovation. "In the process of the company's growth, capital played a big role." Cong Wei told reporters that the company plans to start listing in 2015.

Joint Marriage County County Venture Capital Deep Excavation Project

The reporter learned that in the case of Yuanrong Optoelectronics settled in Dadukou, the Dadukou District Science and Technology Venture Fund played an important role. According to reports, this fund was jointly funded by the guiding fund and the Dadukou District Government at the end of last year. The investment scale is 50 million yuan, of which the guiding fund contributes 51% and is the manager of the fund. The Dadukou government contributes 49. % is the second largest funder.

While helping the government to introduce projects, this investment model that focuses on a specific region has also opened up a new investment direction for VCs. “In recent years, the VC team has been expanding and the market competition is also intensifying. What is more serious is that the investment income of PE and other post-projects has not been as good as before, so how to find a good mid- and early-stage project has become more important for VCs. The more important it is, the Yang Zhijun, the director of the fund management department of Chongqing Guide Fund Company, said in an interview that it is an important area for venture capital competition to tap potential projects and occupy this resource as soon as possible.

In this competition, the choice of Chongqing Guiding Fund is to cooperate with the district and county governments to explore and cultivate project resources. According to reports, in this sub-fund established in cooperation with Dadukou, the guiding fund plays the role of manager. In addition, among the several sub-funds in which the guiding fund appears as a funder, it also attracted the capital contribution and participation of the Gaoxin District, Yuzhong District and Jiangbei District Government.

“The Dadukou Fund started less than half a year. We collected information on hundreds of enterprises in Dadukou. There are nearly 50 companies that have seen it, and more than a dozen of them have become the focus of our attention in the later period.” Yang Zhijun told reporters In the cooperation with Dadukou, the guiding fund can not only master the mature projects well in time, but also cultivate a group of technology enterprises that are in the initial stage together with the government.

“The policy support of the district and county governments, as well as the construction of the major parks in the districts and counties, are all incubators for cultivating project seedlings.” The relevant person in charge of the guiding fund introduced the fund in addition to the funded funds with the Dadukou and other district governments. It has also established a long-term docking mechanism with major business parks in the city. “Timed door-to-door” provides policy information, corporate training and other services for small and medium-sized enterprises in science and technology. The purpose is to cultivate more advantageous project seedlings.

Leveraging the excellent enterprises of the “inviting relatives” in the county

"From the perspective of the government, the purpose of setting up the fund is to attract more outstanding enterprises to Dadukou through investment." Long Yukou District Science and Technology Commission Director Long Hao told reporters that according to the agreement, Chongqing Dadukou District Technology Venture Fund Enterprises that will invest mainly in Dadukou District. It is understood that after the launch of the fund, there are currently two technology companies, and an IT company has already registered in the Dadukou District.

"Through the technology finance and investment promotion model, it is one aspect to attract high-quality enterprises such as Yuanrong Optoelectronics; it is also important to cultivate the enterprises in Dadukou District." Long Hao introduced, through equity investment and the resources of the guiding fund, To provide more support for the development of small and medium-sized enterprises in science and technology, this is also the "conspiracy" behind the government's funding.

According to reports, in addition to the 50 million yuan technology startup fund, the angel guarantee and angel service, which belong to the Chongqing science and technology financial platform together with the guiding fund, will also provide a series of exclusive supporting services for the technology-based small and medium-sized enterprises in the region. .

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