Milei, A Star Of China Science And Technology, Continues To Focus On Early Hard Science And Technology Innovation

"In the new year, we will continue to focus on early innovation projects in the field of hard technology, and explore investment opportunities for cutting-edge sub circuits." Recently, Milei, founding partner of China Science and technology creation star, said in an interview with the 21st century economic report.

Milei is the earliest proponent of the concept of "hard technology". In 2013, Zhongke chuangstar, where he works, initiated the establishment of China's first angel investment fund dedicated to hard technology. At present, it has managed more than 10 funds, with a total scale of more than 5.3 billion yuan. The investment fields cover optoelectronic chips and optics, artificial intelligence and information technology, biomedicine, advanced manufacturing, commercial aerospace, etc.

Milei said that under the influence of the epidemic in 2020, the differentiation of venture capital industry is becoming more and more serious. Funds and resources are converging to the head institutions, and their foreign investment amount is more than in previous years. However, there are still many small and medium-sized institutions that are more and more difficult to raise funds, which is basically a state of no money to invest in.

From the perspective of the industry, the primary market is equivalent to a "big adjustment". A large number of investment institutions have switched from mobile Internet investment to hard technology track. "This has even brought about a historic turning point. For the first time, semiconductor investment has surpassed the Internet and become the first competition channel for investment institutions. We feel that this trend will continue for many years to come. " Miley said.

For China Science and Technology Co., Ltd., which has always focused on hard technology investment, it has also accelerated the pace of investment in the past year. It is understood that in 2020, China Science and technology Chuang star will invest 56 new projects, with an additional investment of more than 1 billion yuan. 53 investment enterprises, including Yuanjie semiconductor, kunyou optoelectronics, Ruilai wisdom, Yushi technology, Zhongke Wuqi, Jiutian Weixing and Bodong medicine, have been refinanced. The total amount of financing is 4.2 billion yuan, mainly in the fields of optoelectronic chips, artificial intelligence, biotechnology and commercial aerospace.

In terms of fund-raising, Beijing hard technology phase II fund with a target of 1.5 billion yuan and Fengdong hard technology fund with a target of 300 million yuan will be officially launched in 2020, and the first batch of raising and delivery will be completed respectively.

Looking forward to the new year, Milei said that China Science and technology innovation star will continue to focus on early innovation projects in the field of hard technology. It should be noted that due to the increase in investment enthusiasm, there have been some overvalued projects in the field of hard science and technology. Zhongke Chuangsheng hopes to keep independent thinking, forward-looking layout, dig into some frontier sub sectors which are not so popular, and look for potential investment opportunities.

"For example, when looking at the semiconductor circuit, many institutions focus on traditional integrated circuit projects, but we pay more attention to the direction of photonic chips, and have achieved the industry layout after years of precipitation. In the field of biomedicine, there are also new opportunities for innovative biopharmaceuticals and stem cells. " He said.