From December 20th to 21st, 2023, the semi-finals of the 2023 Tech Sanya Competition and the China Enterprise Strategic Investment Summit hosted by the Sanya ** Business District Administration, undertaken by Venture Capital, and co-organized by the Sanya Science, Technology, Industry and Information Technology Bureau and the Sanya Financial Development Bureau were successfully held in Sanya. Yin Chengling, Deputy Mayor of Sanya People's Government, Secretary of the Party Committee and Director of Sanya Business District Administration, attended and delivered a speech. Relevant leaders of Sanya Science and Technology Industry Information Bureau, Sanya Financial Development Bureau, Sanya ** Business District Administration, as well as guests from the investment and business circles attended the conference.
With the theme of "Finance Empowers Entrepreneurship, Technology Leads the Future", the event is committed to promoting the integration of financial capital and technological innovation. The event will combine the entrepreneurship competition and the investment summit, and the outstanding science and technology enterprises that are promoted will have the opportunity to receive financing support from the top PE, VC, CVC and the Hainan Free Trade Port. In addition, the competition also provides multi-dimensional support such as generous bonuses, resource docking, policy guidance, and entrepreneurship counseling.
Wonderful dialogue on venture capital lights up the dream of science and technology
At 9 a.m. on the same day, the semi-finals of the 2023 Tech Sanya Competition and the China Enterprise Strategic Investment Summit officially began. Yin Chengling, Deputy Mayor of Sanya City, Secretary of the Party Committee and Director of Sanya Business District Administration, said in his speech that in recent years, with the acceleration of the construction of Hainan Free Trade Port, Sanya is striding forward to upgrade and transform into a highland of science and technology innovation in the Free Trade Port. We look forward to taking this competition as an opportunity to excavate and gather a number of small and medium-sized technology enterprises and tomorrow's stars. Sanya will be the "best partner" of innovation and entrepreneurship with the most sincere feelings, the most superior environment and the most perfect service.
Yin Chengling, Deputy Mayor of Sanya People's Government, Secretary of the Party Committee and Director of Sanya ** Business District Administration.
The 2023 Tech Sanya Competition focuses on six tracks: digital economy, artificial intelligence, biotechnology, deep-sea technology, new energy and environmental protection, and domestic substitution, and selects high-quality projects in the field of science and technology. Since the launch of the competition on October 31, more than 100 domestic and foreign projects have registered. After screening and professional evaluation by 9 investment institutions, a total of 15 outstanding Chinese and foreign enterprises advanced to the semi-finals.
The semi-finals adopted the "6+3" public roadshow mode, that is, 6 minutes of speech + 3 minutes of interactive questions, and the jury composed of relevant persons in charge of well-known investment institutions at home and abroad and heads of relevant departments in Sanya City scored on the spot, and the whole process was broadcast live through the online platform. After fierce competition, 8 companies stood out, including General Diagnosis Medical, Bohai Shenheng, Mai**, Dongchao Technology, Maxway, Alcohol Enhancement Power, Tashan Technology, and Puhua Yingke. According to the schedule, the 8 companies that advance to the finals will participate in the finals to be held in the spring of 2024.
In the morning of the same day, a wonderful speech and dialogue session was also arranged, and Wu Zhixiang, founder and chairman of Tongcheng Group, reviewed the experience of CVC investment in the past and shared the experience of CVC strategic investment for the guests in the keynote speech of "Lessons and Thoughts on CVC".
In the "Demo Lounge: 2024 New Trends in Cutting-edge Technology Venture Capital", Song Chang, Partner of Qifu Capital, Du Xin, Founding Partner of Ni Lotus Capital, Liu Shui, Managing Director of BV Ventures, Mao Song, Managing Director of Qualcomm Venture Capital, Su Fang, Managing Director of Sintel Innov8 Xindian Investment China, and Wang Haijiao, Managing Partner of Gaotejia Investment, had a wonderful dialogue on the trend of science and technology innovation in 2024.
Gather the strongest brains to build a highland of science and innovation
As one of the 13 key construction parks of Hainan Free Trade Port, Sanya ** Business District shoulders the important historical mission of the strategic layout of Hainan Free Trade Port construction and Sanya's urban upgrading and transformation. At the conference site, the Sanya ** Business District Administration also gave a comprehensive introduction to the strategic position of Hainan Free Trade Port, the industrial categories of the park, supporting facilities, location advantages, industrial support policies, and future planning.
Focusing on the six tracks of digital economy, artificial intelligence, biotechnology, deep-sea technology, new energy and environmental protection, and domestic substitution, how can Sanya embark on the road of characteristic development?Venture capital and strategic investors from home and abroad gave wonderful speeches and provided a lot of insightful ideas.
Shen Jin, investment partner of Qiming Venture Capital and director of the Executive Committee of Enterprise Venture Capital Alliance, gave a keynote speech entitled "Three Trends of Innovation Theory and Intelligent Innovation", in which he first introduced the five major innovation theories of innovation diffusion, blue ocean strategy and disruptive innovation, and used the five innovation theories to give a wonderful interpretation of the current three intelligent tracks: smart cars, generative AI and metaverse XR.
Xu Jingming, Chairman of iFLYTEK Industrial Investment, gave a speech entitled "Deepening AI Empowerment", sharing iFLYTEK's progress in technology and industry, as well as thinking on industrial ecology and investment from the perspective of iFLYTEK Industrial Investment. Xu Jingming said that iFLYTEK is very concerned about the upstream and downstream of the industrial chain and AI empowerment, and the most basic logic of iFLYTEK is to bring value-added to enterprises through the empowerment of production and investment, and through the synergy of core technologies and industrial resources.
Nan Lixin, founder and CEO of Entrepreneur, introduced some of the data of the "2023 China Enterprise Venture Capital Development Report" that will be officially released in January 2024: Smartbeast analysis data shows that from the perspective of the number of CVC institutional investments in the past ten years, with the ups and downs of the domestic wholesale investment market, the number is between 1,000 and 3,000 per year. As of November 31, there were 1,274 equity investment events involving domestic CVC institutions in 2023, a decrease of 27 from the same period in 2022 (1,748).1%, slightly higher than the 2014 level (about 1103 cases);A total of 534 CVC institutions in China participated in the investment, accounting for 19 in 20233%, up from 2021 and 2022.
According to the disclosed amount of transactions, the average investment amount of CVC institutions is higher than that of financial VCsThe amount of investment in a single ratio is about twice that of the whole right investment market (the average single investment in 2023 is 3.).6.4 billion yuan, the average single investment in the whole right investment market is 18.6 billion yuan). In 2023, Beijing and Guangdong will have the largest number of CVC institutions participating in investment, with 109 and 98 respectively. In terms of the amount and quantity of disclosed investment, intelligent manufacturing is the track with the heaviest CVC investment (275 investment events, 33.9 billion yuan).
CVC institutions play an important role in the investment of unicorn enterprises in China, and also play a key role in the investment and incubation of emerging start-ups. As of the end of November 2023, there are 558 unicorns in China, of which 406 have participated in the investment of CVCs, accounting for 728%, a total of 35 new unicorns will be added in China in 2023, of which 26 CVC institutions have participated in investment, accounting for 743%。
In her keynote speech titled "Infinite Possibilities of Global Startup Ecosystem Innovation", Ms. Duan Xiaolei, General Manager of HUAWEI CLOUD's Global Startup Ecosystem Development, introduced how HUAWEI CLOUD empowers entrepreneurs and accelerates their innovation journey by building a global startup ecosystem.
Paying tribute to the unknown founder and CEO Wu Dezhou, he brought a keynote speech on "Digital and Real Integration Empowers Tourism Industry Innovation", shared how digital reality empowers tourism industry innovation, and took the company's AR glasses ARKNOVV A1 as an example to introduce in detail the changes and opportunities brought by digital technologies such as AI and AR to the tourism industry.
In the roundtable forum "Industrial Investment, Two-way Empowerment", Mao Song, Managing Director of Qualcomm Ventures, Lin Lin, Vice President of Lenovo Group and Partner of Lenovo Ventures, Ma Hua, Managing Partner of TCL Ventures, Wang Xiaoxiao, General Manager of Hella Automotive Technology, and Wang Zhe, Senior Vice President of CRRC Industrial Investment, conducted a dialogue on the logic and iterative path of industrial investment, and talked about how industrial investment can empower Hainan Free Trade Port.
Liu Yan, Editorial Board Member of Venture Capital, Mak Dingbang, Vice President of Sumitomo Corporation Asia Capital, Qiao Yuting, General Manager of OPPO Patrol Star Investment, Yan Zu, General Manager of ZTE Crowd Investment, and Zhang Jiacheng, Managing Partner of Haier Capital, conducted a dialogue on investment opportunities in the whole intelligent industry chain, and in-depth understanding of how to use the points of expertise to cut into industry opportunities in the changes of digital and intelligent industries.
Fu Yonghui, General Manager of Guangji Venture Capital, Ma Pingping, General Manager of Qisheng Capital, Wang Chen, Partner of Chuangxiang Huanju Investment and Vice President of Pernod Ricard China, and Yang Yulong, Head of Investment Department of Liyi Technology, conducted a dialogue on the topic of the second curve of CVC's cross-border expansion, and the boundary and empowerment with the parent company.
With the release of various policies and the in-depth development of the Hainan Free Trade Port, we sincerely hope that the semi-finals of the 2023 Tech Sanya Competition and the China Enterprise Strategic Investment Summit will inject new momentum into the high-quality development of the Hainan Free Trade Port and help Sanya build a "highland of science and technology" in the free port.