investments for early stage companies
TRANSCRIPT
agenda
• Booming capital market and start-up
• ZJ industry Eco-system
• Zjventure and startup
• Finland innovation @ Espoo
• Joint fund: solution to match two rhythms
Delicious 3W cafe
Bubble ?
中国人民银行《中国金融稳定报告（2015）》继续壮大主板、中小板市场，积极推动证券交易所市场内部分层。并在上海证券交易所推出战略新兴板，全面推进创业板改革，提高服务实体经济能力。
Multi-level capital mkt
深交所：创业板上市400多家企业，其中传媒、电子、通
信、计算机、环保、医药生物等战略性新兴产业企业占
74%。
上交所：战略新兴板聚焦的就是新兴产业企业和创新型企业。重点服务于已跨越了创业阶段、具有一定规模的新兴产业企业和创新型企业，尤其是这两类企业中战略意义明显的企业。
中概念：>1200家中国企业通过红筹模式在境外上市，市值达到2.5万亿美元，其中新兴企业的市值超过1.3万亿美元，基于互联网+企业的市值超过6千亿美元
北京：挂牌2452家，至4月15日，新三板整体市盈率达68.98倍。一个月时间，新三板挂牌企业共计完成272次融资，融资金额151亿。
Multi-level capital mkt
PE factory in China: jdcapital
2015/5/19，九鼎投资发布公告称，将拟定向增发股票5亿股，以发行价15-25元/股价格计算，此次九鼎投资的募集规模或将在75亿元至125亿元之间。
自去年在新三板挂牌以来，九鼎投资曾先后进行了两轮融资。2014年4月九鼎投资在挂牌的同时募集资金约35亿元，2014年7月九鼎投资完成了约22.5亿元的第二次增资。
Total:185亿元
Succeful stories:32 companies list
China-Shanghai-Pudong-Zhangjiang
China -- the 2nd largest economy
Shanghai -- China’s financial center
Pudong --largest economy in Shanghai(1/4 GDP)
Zhangjiang -- state-level Hi-tech Park
China-Shanghai-Pudong-Zhangjiang
Kangqiao Industry Parkauto parts
telecommunication
advanced equipments
Bank dataMicro finance
Foreign exchange
Equity trading
Factoring
International Medical ParkMedical Research
Hi-end healthcare
Special healthcare
Low-carbon
& New
Energy
Bio-
pharmacy
Creative
Culture
Information
Technology
Advanced
manufacturing
Technology
Finance
Healthcare
Service
Advanced
agriculture
Sunqiao Advanced AgricultureQuality agriculture products
Breeding & Seed-rearing
Greenhouse technology
Hitech Eco.
IP
Design
service
100 chip-
design
companies
12 assembly
& testing
companies
39 equipment
& material
suppliers
IC
products
3 chip
manufacturesDesign
tools
2 photo-
mask
companies
IC IndustryChina’s most complete and sophisticated industry chain
A revenue of 29.9 bn. RMB in 2010, 55% of Shanghai and 20% of China
IndustryICTech
Industry
Revenue in 2012：19.71 billon RMB
New Drug：229
Drug under Research: 260
(self-innovative drug 127)
First Class New Drug Certification ： 23[By 2012 end]
New Drug Targeting
Drug Screening
Theoretical Evaluation
Clinical Research
Processing Research
Trial Production
Registration
Marketing
Research Chain
BioTech
Industry
Environment
Protection
Clean
Energy
New
Energy
CleanTech
On Feb. 28, 2011, ZJ Innopark was authorized by China Culture Ministry as
one of China National Showcase Field for Culture Industry Development.
320 culture and creative companies.A revenue of 9.31 bn. RMB from culture industry in 2010.
Wide business scopes includes animation, internet games, digital
publications and new media.
IndustryGame and culture
PROFESSIONAL SERVICE
Universities and Institutes
Information security institute
of Jiaotong university
Singapore Nanyang
Technological University
Micro-electronics Institute
of Peking University
Branch of Fudan University
Shanghai Film and
Art College
Zhangjiang branch of
National Art Institute
UC Berkeley
No. 2 High School of East
China Normal UniversityShanghai University
Of T.C.M.
University of Science &
Technology of China
Pudong Foreign
Languages School
Universities and Institutes
Platform
Partner
mentor Tutor
Project
ManagerProfessional
Service
InstitutionsProject
Manager
Partner
Tutor
Professional
Service
Institutions
Value-added services
Seed
Tree
Forest
Pre-Incubator
Incubator
Post-Incubator
6-9 months
New Idea
Angel
<10 People
2-3 Years
Company established
A Round
R&D Stage
10-30 People
3-5 Years
B Round
Industrialization
Marketing/Sales
30-50 People
Full Stage Incubation
Full stage incubator
Founded 2004
Domain“2e”electronic(ICT/cleanTech/culture),Medical
Total amount 2Billions RMB
Amount per company
About 5 millionsshareholding ratio < 25%
Domestic RMB; offshore Dollar/EURO
Successfulstories
Chaori Solar、e-cubetech21cbh、RDA Microelectronics、amarsoftMicroport
11 years experience
Funds(RMB) Cases
ZJ venture capital 1.88 b 41
53 %
4 %
32 %
11 %
0 %
Amount 1.88 billions
ICT
ET
Biotechnolgy
Financial
Food
ZJ venture fund
1 microport Endovascular Devices
2 Medtrum implanted devices3 Koking testing 3rd testing4 Haihepharma.com Antitumer
5 Zensun Anti-Heart Failure Drug
6 X082 antitumer7 CM118/ New drug8 haitai New drug9 medtecan.com Translational medicine research centre
Biotechnology 600m
1Lanhu energy Thermal storage2eCube energy Modular Heliostat – Concentration Solar Power
3shenkepv thin-film solar cells
Energy technology 80m
1天马微电子股份有限公司 ICT液晶显示器研发2上海方正数字出版技术有限公司 ICT数字出版3上海高清数字科技产业有限公司 ICT芯片设计4上海天马有机发光显示技术有限公司 ICT有机发光显示器研发5广东二十一世纪传媒股份有限公司 ICT财经媒体6安集微电子有限公司（科投香港投资) ICT半导体行业高端化学耗材7上海集成电路研发中心有限公司 ICT集成电路研发8华虹半导体有限公司 ICT集成电路制造9睿励科学仪器（上海）有限公司 ICT检测设备
10上海芯意信息科技有限公司 ICT移动互联网、芯片设计11锐迪科微电子公司 ICT芯片设计12聚辰半导体有限公司(科投香港投资) ICT芯片设计13江苏中晟半导体设备有限公司 ICTLED高端装备（MOCVD)14上海引跑信息科技有限公司 ICT软件15深迪半导体（上海）有限公司 ICT芯片设计16芯原微电子（科投香港平台） ICT芯片设计外包服务17时代出版传媒投资研发中心（上海）有限公司 ICT孵化投资18上海艾铭思汽车电子有限公司 ICT汽车发动机电控系统19盛美半导体设备（上海）有限公司 ICT清洗设备20上海张江营销服务有限公司 ICT第三方产品销售服务21上海张江动漫科技有限公司 ICT动漫设计22上海张江射频识别技术有限公司 ICTRFID服务23上海国旭文化传播有限公司 ICT文化活动策划、品牌推销
ICT technology 1b
1 上海张江瑞普顿农业生物科技有限责任公司 FOOD 食品深加工2 上海张江代持股服务有限公司 FT 股权激励3 XYWG stock co. FT 券商4 ICE exchange FT 外币兑换5 Shanghai bank FT 银行6 Baoding invest company FT 投资
Financial technology 1b
Offshore list Domestic
list
Successful Story
300380
002506
amount cases
8 Joint funds 2.2 b/480m >80
Play Together
Seed Early develop Pre-IPO Post-IPO
ZJ fund
Joint fund
Focus on early stage
Intelligent
Technology
Smart life (2c) Industry 4.0 (2B)
Services Health careFinancial Game and educationO2O
XaaSClean technologySmart city
Products New hardware(smart home)Machine learning
Chips(sense,m2m)Robots3D printer
C-F fund
ZJventure
China capital mkt
Finland co. China(branch)
“The park culture, i.e. innovation, entrepreneurship, integration & encourage
success, tolerate failure, would become a kind of spirit and ultimate power to
make it an international first-class park for innovation and technology.”
Culture
Join our ecosystem
and activate innovation together