Shanghai Zhangjiang set up venture capital to do what Kai-fu Lee wants to do

NetEase Science and technology news October 29, Shanghai Zhangjiang Hi-Tech Park Incubator Center, from the country's major university graduate students are nervously and orderly to show the judges their respective projects. The winners of the competition will enter the "pre-incubator" of the Zhangjiang group and get the start-up funds to obtain the support of the venue, technology and service.　　"Kai-fu Lee want to do things, in fact, we have done," the contest two organizers invariably told NetEase technology. 1 million bonus with 1000 flat "pre-incubator" September 7 from Google to leave Kai-Fu Lee, officially announced their new company "Innovation Factory."　　I hope to select 100 outstanding entrepreneurial youth each year, forming 20 entrepreneurial teams, with the help of "innovation factory", eventually hatching 5 independent subsidiaries. And this model, Zhangjiang Group and the Chinese Academy of Sciences, the calculation of this year has started brewing in April.　　Starting from July, the second technical innovation competition and the "China Branch Zhangjiang Cup" Youth technical innovation competition have received more than 70 entries, and 12 teams have finally entered the final.　　In the final scene, NetEase technology to see from Beihang University, Shanghai Jiaotong, Fudan, South Mail and other universities in the country's team, the entries involved in communications, network games, network video, data security and other ICT fields. According to the director of Zhangjiang Group Incubator Management Center, the 6 teams selected from the contest will receive 1 million project start-up funds from Zhangjiang group and enter the "pre-incubator" for 1000 square meters.　　Under the guidance of the entrepreneurial mentor, further improve the technology and business model.　　"These projects can only stay in the incubator for 3 months to 9 months, and 1 million of the game bonuses will be dynamically distributed according to actual progress, with the third in the game developing well in the future and likely to get more money than the first place," the official said. Three One-third "competition is only the first step", the Chinese Academy of Sciences, Shanghai Branch director of the Zhangxiaoliang told NetEase Technology.　　In his view, the aim of the contest is to find the "eggs" in the incubator. Some media reported that Kai-fu Lee "Innovation Factory" announced the establishment within 24 hours, received 7,000 copies resumes.　　Without the brand effect of Kai-Fu Lee in Chinese university students, Zhangjiang Group and the CAs have figured out a way to recruit talents and projects through competitions. After this competition, the competition official website will become the long-term acceptance innovation Project channel, will contest the regular, the outstanding project can apply for the support at any time.　　The Institute of Chinese Academy of Sciences will also use its own training of postgraduate advantages, as well as with the National University instructors in close contact to discover and receive excellent projects. In contrast to the "Innovation Factory", Zhangjiang's "pre-incubator" is dominated by graduate students in the school.　　In Zhangxiaoliang's view, graduate students in the school learning process, itself requires innovative experiments and papers, "out of the new" is closely related to their own learning. Based on this, in the contest selection process, the Chinese Academy of Sciences more emphasis on the technical innovation. "Voice in Mobile communication system"Carrying Data Services "for example, the judges were looking at the technology that was developed by the contestants to deliver information at the same time as they were talking.　　In business models, the technology can be considered for sale to operators or third parties for development. As for the anticipation of the "pre-incubator", Zhangxiaoliang said, "There may be 1/3 companies set up, 1/3 of the entire team and technology are sold, and the remaining 1/3 miscarriages, leaving a patent."　　"50 million" graduate program fund for 3 months to 9 months, in the "incubator" has grown up in the project, the next can enter the "incubator" and "accelerator" in Zhangjiang Group, continue to expand. "We're going to hatch our own projects, and we definitely want to vote."　　"Zhangxiaoliang told NetEase Technology, the Chinese research and computing planned joint Zhangjiangko investment, Pudonko Investment, private equity and university students pioneering foundation, together to set up up to 50 million of the" masterplan "fund to solve the capital needs of entrepreneurial projects. In addition to financial support, Zhangjiang Group Incubator Management Center responsible for the project, Zhangjiang to do the hatching, and "innovation factory" compared with more advantages in the late development of enterprise support.　　In Zhangjiang Hi-Tech Park, the start-up companies can enjoy the park's unified policy, financial, personnel and other services, but also enjoy the park in the industrial chain downstream accumulation brought about by aggregation effect. "The ICT sector is one of the most likely to grow rapidly, and Google's success is only a decade in the first place in a college dorm," Zhangxiaoliang said. He hopes to be able to develop more "endogenous" Google in China through the "pre hatching" model of the Zhangjiang Group and the Chinese Academy of Sciences. (Nuo Chi) (Source: NetEase Technology Report)