Shanghai Venture Capital Co., Ltd. adheres to the basic idea of using government funds as seed funds to attract all kinds of funds at home and abroad, and strives to expand the scale of funds. Up to now, it has signed contracts with many domestic and foreign investment institutions to set up 13 venture fund, which has a good development momentum. For example, through many negotiations with American financial institutions, an agreement was recently reached in Shanghai to set up a "Asia's first" venture capital fund of 654.38 billion+500 million US dollars. Shanghai Venture Capital Co., Ltd. has also organized relevant personnel to communicate with venture capital organizations and institutions in Silicon Valley, Taiwan Province Province, Hongkong and Singapore for many times, not only promoting Shanghai, but also discussing cooperation and actively introducing management talents, operational experience and more overseas venture capital.
In the process of promoting private capital and expanding investment scale, Shanghai Venture Capital Co., Ltd. adapts to the adjustment direction of Shanghai's industrial structure and vigorously promotes the development of professional venture funds in the fields of information, biology, new materials and environmental protection, including 45 million yuan for information technology innovation, 30 million yuan for biotechnology, 654.38 billion yuan for bio-investment funds focusing on investment in key projects and 654.38 billion yuan for new materials. The company focuses on high-tech fields and small-scale technology enterprises in the growth stage, focusing on universities, Chinese Academy of Sciences, overseas students and private technology enterprises. By screening thousands of projects, 74 projects have been invested so far, with a total investment of nearly 2.4 billion yuan.
Shanghai Venture Capital Co., Ltd. invested 280 million yuan. In the process. Shanghai Venture Capital Co., Ltd. insists on setting venture capital in high-tech parks, incubators and university science parks, which is more conducive to being close to and supporting innovation and entrepreneurship. At present, the company has set up eight venture capital fund companies in Zhangjiang, caohejing High-tech Park, Chinese Academy of Sciences, Fudan University, Shanghai Jiaotong University, Tsinghua University and other places, making venture capital funds directly enter the front line of scientific and technological achievements transformation. And established an "investment and loan alliance" with banks such as China Merchants Bank and Shanghai Bank, so that the total amount of funds under management or disposable reached 2.8 billion yuan; There are 20 professional investment management companies, attracting more than 100 venture capital professionals, 30% of whom have overseas study or work experience; There are more than 0/50 investment projects/kloc-distributed in high-tech fields such as information, biomedicine, new materials and environmental protection. Most of them are small and medium-sized science and technology enterprises in the initial stage and growth stage.
Shanghai venture capital adheres to the principle of "active exploration and hard practice", adopts the operation mode of "fund after fund" and "entrusted management", and establishes the mechanism of "government guidance, private subject, expert financial management and market operation"; Some achievements and experiences have been made in connecting the scientific and technological circles, financial circles and industries, establishing a diversified venture capital system, realizing rapid capital expansion, cultivating venture capital management institutions and the development of small and medium-sized private high-tech enterprises, and supporting the growth of entrepreneurial talents.
A new mechanism of Shanghai Venture Capital Company has changed the government's practice of investing in new technology projects under the planned economy system in the past, and it has become a great progress that the government takes out a sum of money and entrusts professionals of fund management companies to screen projects, decide the investment direction and carry out project management. Shanghai Venture Capital Co., Ltd. implements the operation mode of separating investors from managers in accordance with international practice. Shanghai Venture Capital Co., Ltd. supports and trains professionals who know technology, business management and capital operation, and establishes venture capital management institutions to attract overseas venture capital experts. At present, 80 people have set up 18 management company to manage all the funds, and about 30% of these management experts have overseas study and work experience. They have rich experience in venture capital management and broad vision. At the same time, the success or failure of investment is closely related to their own economic benefits, with clear responsibilities, rights and benefits. Therefore, it is easy to establish a good relationship with entrepreneurs in the process of investment decision-making and project management, so the operation of the project is also easy to be effective.
Shanghai Venture Capital Co., Ltd. is in full swing. Shanghai Venture Capital is making extensive alliances with investors, managers and entrepreneurs at home and abroad, and interacting with venture capital circles at home and abroad such as the United States, Singapore, Hong Kong, Taiwan Province Province, Jiangsu and Zhejiang. It plays a particularly prominent role in the development of high technology. This undertaking has just started in China. Shanghai Venture Capital Co., Ltd. is convinced that venture capital in China has broad development prospects and will shine brilliantly in the fields of knowledge innovation and scientific and technological innovation. Shanghai Venture Capital Co., Ltd. is based in Shanghai, integrated into the whole country and facing the world, and will open a bright future of innovative economy.