Institute of Tsinghua University in Shenzhen: 13 incubation of 310 start-up enterprises

Mu Yifan for more than a year, Liu Juming almost found all the well-known and unknown VCs, want to play for their own high-definition content of the "high-tech player" raised a little start-up funds, but the answer is always "this project is not good, we will not vote." He did not give up, holding to try to find the mentality of the Shenzhen Institute of Tsinghua University, in October 2007, he set up under the support of the Institute of Shanghai Rui Qing Company, April 2008 to get the institute's first venture capital, to the beginning of 2009, one month sales reached 2 million, developed to 50,000 users,　　Achieve break-even.　　A once-neglected small companies, a majority of VCs have been not optimistic about the project, Shenzhen Institute of Tsinghua University is what the holy, why dare to vote?　　Tsinghua University in Shenzhen 13 years, the incubation of enterprises up to 310, the total output value of 11 billion yuan, the average annual 15 projects in Shenzhen to achieve industrialization, the annual creation of the technical value of more than 1 billion, for example, in the national fight against SARS during the period of the red light temperature measuring instrument.　　One of the important experiences of the rapid development of Tsinghua University is the interaction between enterprise incubation, venture capital and capital operation. Hatch, not bundle business hands and feet June 29, 2007 9:30 A.M., Feng Kuanping and Tuo Bang Electronics (002139. SZ) Chairman Wuyongqiang sounded the listing of the bells, this is the Tsinghua Institute incubator in Shenzhen, the first enterprise to achieve domestic listing of High-tech enterprises.　　Initially to 2.3 million yuan to invest in the State electronics, accounting for 23% of the shares, after the expansion of the shares, a total of 6.762 million shares, to 39 yuan in the open price calculation, its holdings of the extension of the state electronic market value of 263.7 million yuan, obtained nearly 130 times times the return. The deepest memory of Wuyongqiang, 2005 company in the capital turnover is not spirit, the Institute of Venture Capital Fund in a day in place 2.3 million yuan, and the two sides in the "Enterprise incubation Cooperation Agreement", the Institute for the company to provide 1256 square meters of the site, the monthly incubation service fee of 45 yuan per square metre.　　Such standards, in Shenzhen, the equivalent of white send. And until today, Billiton Electronics still with the Shenzhen Institute of Tsinghua University in a building office, Wuyongqiang's office and Feng Kuanping's office distance of less than 20 meters.　　"They are listed, rich, but still unwilling to move away," the institute has long been with the investment enterprises to maintain such tacit understanding and cooperation, so that Feng Kuanping very proud. Enterprises grow up and investors turns example, Feng Kuanping see a lot, "in fact, should not argue who feed who, the key is the growth of investors in the process, there is no real help."　　The Institute has now invested more than 50 companies, more than half of which were founded by the Institute.　　This allows Feng Kuanping to recall the academy's "first bucket of gold." In 1998, several teachers at Shenzhen University had been developing value-added services for paging stations, but as pagers withdrew in the Shenzhen market, they wanted to make phone short and convincingBusiness, but faced with financial and technical difficulties.　　Feng Kuanping invited a professional in the communications industry to evaluate the above project, reached the "very promising" this conclusion, Feng Kuanping personally door-to-door, please these teachers to graduate school "hatching" enterprises. If there is no money to pay the rent, use the equity stake instead of rent. Feng Kuanping said: "Give you 2000 square meters of place, free of charge two years rent, take up your 30% of shares, how?"　　The other party gladly agreed, and so, a company called "Tsinghua Deep Xun" was born. At this time, no one thought, 5 years after the Tsinghua University by Microsoft to 20 million U.S. dollar price acquisition, the institute successfully recovered more than 10 million yuan, the rate of return reached 15 times times higher. With the first incubator business, the second and third families poured in.　　By the end of 1999, the first anniversary of the opening of the Tsinghua Institute incubator in Shenzhen, the entire Research institute building business occupancy rate of more than 90%, "keep hatching" enterprises up to more than 60. Digging for money, selling spades, but Feng Kuanping pressure is getting bigger.　　"Capital Operation" has been the senior field of science and technology workers unattainable, the Institute as a public institution in Shenzhen, can not directly provide investment and guarantee for the incubator Enterprises, the Institute must have its own investment and financing channels. Feng Kuanping remembered the famous "Sell Spade" theory. Mining is not necessarily rich, but the spade will be rich, because spades is a tool for wealth.　　Shenzhen is the same, there is no shortage of entrepreneurs, science and technology enterprises, lack of technology, talent, service, the Institute is to give "chicken" to provide a "nest to lay eggs." "The Institute is well aware of every business that has been stationed, for their technical strength, growth prospects, management team, including a variety of shortcomings and deficiencies, all see clearly", Feng Kuanping said, because chickens in their own chicken coop, who can lay eggs, is at a glance of things, to be able to lay eggs of the chickens will give some nutrients,　　And this nutrition is "money, capital, venture capital". 1999, Feng Kuanping from a Hong Kong boss in the hands of 2.6 million yuan, registered to set up Tsinghua Science and Technology Development Co., Ltd., and then in the name of the company with others to invest in the formation of "Shenzhen Tsinghua Venture Capital Limited", by the end of 2000,　　Tsinghua Venture investment registered capital reached 110 million yuan, the participation of enterprises reached more than 40, the cumulative amount of investment has reached more than 3 billion yuan.　　When it comes to the capital operation of Feng Kuanping, it is necessary to mention that the Institute participates in the capital reorganization of St Yue Huadian (000532.SZ) of the listed company. In March 2000, after the official stripping of non-performing assets, the net assets of 1.75 yuan per share. The Institute through Tsinghua Venture Investment and other companies, to 2.5 yuan per share of the purchase of its 20% a total of 43.67 million shares, the acquisition of 109 million. This was originally the Zhuhai former mountain diesel engine power plant for the main restructuring of the listed companies, now its main business has undergone a fundamental change: the shift to the IT industry-oriented. The second year of reorganization, the performanceFrom the original loss of 156 million yuan to profit of 24 million yuan. However, before and after the 2001, "The concept of famous schools" is facing a major crisis, because in the two-tier market is hype, its own performance has declined sharply, and the technology content has been constantly questioned by the media and shareholders.　　Finally in 2002, the State Council and the Education Commission made a regulation of the relevant provisions of university enterprises, in all things with the name of the listed companies, the name of the company should be removed, the name of listed companies and stock abbreviations can no longer appear in the name of the university. "Tsinghua Department" also urgently need to play signs, seize the opportunity to regain their strength, we unanimously selected the "force" this name. "Book of Rites" cloud: Force together, in order to work.　　And the meaning of force is: teamwork, work together to achieve the goal of success. July 2002, Guangdong Huadian Corporation officially renamed the Power of the shares (000532.　　SZ), Tsinghua Venture changed its name to "force joint venture investment", the total registered capital of 300 million yuan, become the largest shareholder of the shares, Tsinghua "Force department" began to board the stage. "Under normal circumstances, the holding company is responsible for investment in the seed phase of the project, and listed companies will not touch the shares of these projects, because the risk is relatively large, from the cost and efficiency, the long-term project is the best."　　"Feng Kuanping to CBN reporter said. Incubator, English for incubator, the original meaning refers to artificial hatching eggs special equipment. Later, the introduction of the economic field, refers to a concentrated space, in the initial stage of enterprise start-up difficulties, the provision of funds, management and other facilities, aimed at high-tech results, technology-based enterprises and entrepreneurial enterprises to incubate, to promote cooperation and exchanges, so that enterprises "big." The United Nations Development Programme (UNDP) interprets the incubator as "an incubator is a controlled industrial environment designed to nurture nascent enterprises" in a paper entitled "Preliminary Evaluation of business incubators in developing countries". In this environment, attempts are made to create conditions to train, support and develop successful small entrepreneurs and successful businesses. "A successful incubator can not be separated from the five main elements: Sharing space, service system, incubation enterprise, incubator management personnel, supporting enterprises preferential policies."