The Chinese Academy of Sciences invested 100 million yuan to establish a new VC platform focusing on four industries (VC294)

On January 31, the State-owned Assets Management Corporation of the Chinese Academy of Sciences (hereinafter referred to as "National Science and Technology Holdings"), a subsidiary of the Chinese Academy of Sciences, was raising funds for the Guoke Jiahe Venture Fund launched by it. 100 million yuan.

It is understood that, in addition to Guoke Holdings, the venture fund has received an investment commitment of 30 million to 50 million yuan from a large domestic enterprise group and a government guidance fund.

Guoke Jiahe Venture Fund was initiated and established by Guoke Holdings, with Guoke Holdings as its largest shareholder. Guoke Holdings' subordinate Dongfang Keyi Group, a well-known Chinese enterprise group, and the management team will hold shares in the management company according to the market mechanism to form a long-term mechanism of complementary advantages, perfect incentives, and long-term cooperation. The newly established Guokejia and Fund Management Company as a manager team promised to follow up with 1%.

The project description shows that Guokejia and Entrepreneurship Fund will focus on four industries: electronic information, new energy and materials, life sciences and energy saving and emission reduction. Among them, about 50% of the total fund will choose high-tech enterprise projects in the high growth period, about 25% of the total fund will choose early enterprise projects, and 25% of the total fund will choose the pre-IPO stage of the mature period. Corporate project.

The project description states that the typical size of each investment of Guokejia and Venture Capital is 20 million yuan. The cumulative total investment of a project does not exceed 50 million yuan. It does not pursue a holding. The shareholding is usually 10% to 35%.

National Science and Technology Holdings was approved and established by the State Council in April 2002, and the Chinese Academy of Sciences is the only investor. As of 2009, its total assets exceeded RMB 120 billion, and it directly controlled 37 enterprises and was the ultimate controller of 12 listed companies. Guoke Holdings, through Guoke Ruihua Fund Venture Capital Corporation (hereinafter referred to as "Guoke Ruihua") and Guoke Jiahe, have constructed an operation platform for the Guoke Department Financial Platform and foreign capital cooperation. Guoke Ruihua focuses on late-stage investment projects, Guoke Jiahe focuses on growth projects, and together with Lenovo Holdings and Hony Capital of Lenovo Holdings, has built a PE / VC platform under the Chinese Academy of Sciences system.

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