Investment in IT industry is the trend of the future

Recently, the former Microsoft, Google's global vice President Lee Kai-fu Li appeared in Hangzhou. A dark suit with a bright tie, even on a scorching summer day. Lee's dress is as rigorous as his style. This time he is the founder of "Innovation Workshop", came to attend the Zhejiang Business Forum. In the face of those Zhejiang businessmen, kai-fu Lee not only to share with them on the understanding of innovation, the outlook for the IT industry, but also disclosed the latest progress of innovation Workshop.

"True innovation must be valuable, including value to users, business value to make money, etc." Those worthless innovations just look cool. "This is Kai-Fu Lee as a special guest of Zhejiang Business Forum, the speech to the presence of many Zhejiang businessmen's opening remarks."

Lee said that this year is the most uncertain year of the economic situation, the stock market is depressed, the price is bewildering, the return of private equity fund is reduced, the export is still to be revived, the enterprise competition environment is not satisfied. Many investment products are riskier, so it is a good choice to invest in the IT industry in the future. He said: "Many Zhejiang companies are not in the IT industry, but in the future, please pay more attention to IT industry, because it has a worthy of concern value." ”

After leaving Google China, Kai-Fu Lee last September set up a venture company "Innovation Workshop." In his own definition, innovation workshops are "an all-round entrepreneurial platform dedicated to nurturing innovative talent and a new generation of High-tech enterprises", focusing on emerging companies in the areas of incubating mobile computing, E-commerce and cloud computing, as well as investing in external companies.

As a professional manager, now their own boss, angel investors, Kai-Fu Lee's role in the transformation of his grand ideal. In the outside world, Innovation workshop is actually a "wealth + only" as a sign, that is, "angel Investment + Innovative Products" of the highly large-scale, industrialized venture capital new model.

Kai-Fu Lee said that at home, entrepreneurs often face many challenges, such as lack of entrepreneurial and management experience, lack of initial start-up funds, it is difficult to attract outstanding technical personnel, many factors make the actual success rate of entrepreneurship is not high. Innovation Workshop is to fill this gap, bring large-scale, industrialized angel investment, with a complete, mature system, to select the best ideas, entrepreneurs, engineers, and then every entrepreneurial link and resources for the best integration, to help entrepreneurs ensure their early benign development, And to create the most market value and business potential of the project.

Kai-Fu Lee to Zhejiang merchants revealed the latest progress of innovation Workshop. He said that more than half a year, mainly do two things: one is to build an excellent team, now has 100 engineers to join, they are the industry's top talent, the second is to invest 9 companies. These 9 companies and 100 engineers have started to create interesting products, some products will be available this year, business projects mainly around the mobile internet and e-commerce. Among them, there are 7 projects on mobile computing, and the other 2 are involved in E-commerce. Cloud computing is evolving at a slower pace and then entering the field when it is more prepared.

Kai-Fu Lee to Zhejiang Merchants have long, he welcomed the desire to join the innovation factory in Zhejiang. He said that the innovation factory has been Lenovo, the new Oriental, Foxconn, YouTube and other multilateral investment, start-up capital of 800 million yuan. If the Innovation Workshop fund has 200 million dollars, it will consider doing 150 projects. Of these, 130 may die, but the other 20 projects may bring a hundredfold return.