On the morning of September 18, the "2019 DEMO CHINA Innovation China·Future Science and Technology Festival" hosted by Entrepreneurship was grandly opened in Hangzhou Future Science and Technology City. The Future Science and Technology Festival will last for two days. A total of more than 170 first-line investment institutions and entrepreneurial leaders will attend to discuss entrepreneurship and investment trends at home and abroad and witness the birth of new variables in the open ecosystem.
As China's current largest Demo Day, the "DEMO CHINA Innovation China" finals have landed in Hangzhou for the ninth consecutive year, attracting more than 1,500 first-line investors. Up to now, nearly 40,000 companies have signed up for the event, with a total financing amount of more than 10 billion yuan, and more than 3,000 outstanding entrepreneurial companies have appeared on stage.
There were more than 4,300+ project registrations for this year's Innovative China Spring Summit. After two rounds of screening and interviews, 56 entrepreneurial projects came to the fore and competed for tickets to the finals through a special PK. From Sequoia Capital China Fund, IDG Capital, Samsung Venture Capital, Lenovo Venture Capital, Zhongke Chuangda, Qualcomm Venture Capital, Northern Light Venture Capital, Red Dot Venture Capital China Fund, Zhen Fund, Qiming Venture Capital, GGV Ji 170 track investors from first-line investment institutions such as Yuanyuan Capital, Lightspeed China, Huachuang Capital, Fengyuan Venture Capital, Oceanwide Investment, Zhencheng Investment, Fengrui Capital, Yuanhe Origin, Joy Capital, and Jinshajiang Venture Capital, Look for outstanding entrepreneurial projects in roadshows such as intelligent interconnection, new consumption, big health, enterprise services, intelligent cloudification, future technology, etc., and explore industry development directions in demo shows such as internationalization X future technology and post-95 X evolution . The conference is expected to attract more than 4,000 attendees.
The guests at the opening ceremony included Luo Minxing, academician of the Chinese Academy of Sciences, Huang Xuming, vice chairman of the 11th Committee of the Zhejiang Provincial Committee of the Chinese People's Political Consultative Conference, and director of the Zhejiang Provincial People’s Government Advisory Committee; Yang Xiaoyong, Deputy Director of the Municipal Economic and Information Committee, Feng Lei, Deputy Director of Hangzhou Science and Technology Bureau, Mei Jiansheng, Secretary of the Party Working Committee of Future Science and Technology City (Haichuang Park), Nan Lixin, Founder and CEO of Entrepreneur State, Partner of Sequoia Capital China Fund Zhou Kui, Senior Vice President of Sony Group, Chairman and President of Sony China, Takahashi Yang, Managing Director of Northern Light Ventures Yang Lei, Founder of Kaixuan Ventures Zhou Zhixiong, Chairman of Yuanhe Puhua Investment Committee Chen Datong, Puhua Cao Guoxiong, Chairman of Capital, Lan Jianping, Dean of Zhejiang Institute of Industry and Information Technology, Huang Xiang, Special Editor-in-Chief of Entrepreneurship, Wu Daini, Founder and CEO of Imagination Technology, Zhang Xichao, Professor of Psychology Department of Beijing Normal University, etc.
(Chen Rugen, deputy secretary of the Yuhang District Party Committee and mayor of Hangzhou City)
At the opening ceremony, Chen Rugen, deputy secretary of the Yuhang District Committee and mayor of Hangzhou City, expressed warm congratulations on the opening of the 2019 DEMO CHINA Innovation China·Future Science and Technology Festival. Chen Rugen said that Yuhang actively adapts to the new normal of economic development, vigorously promotes the construction of key industry platforms, builds a number of innovation carriers and entrepreneurial incubation platforms, and maintains a good momentum of economic development. He mentioned: "The rapid economic and social development of Yuhang is closely related to our efforts to create a world-class environment. We optimize industrial support policies, increase the recruitment of talents, and form a systematic and complete policy system in six areas. The purpose of Yuhang's service enterprise is "I Responsible for sunshine and rain, you are responsible for thriving", this is also the originality of the future science and technology city. We will optimize the investment environment and strongly support innovative projects."
Nan Lixin, founder and CEO of Entrepreneurship, said that this year is the third year that Entrepreneurship has entered Yuhang District. Entrepreneurship is committed to bringing innovative services and innovation ecology to more cities, building a community of entrepreneurs, and helping companies install a dual engine of technological innovation and capital.
This year's Innovative China Future Technology Festival brought together more than 600 high-quality companies, including roadshow teams, nearly a hundred participating brands and companies, entrepreneurial financial technology, education innovation, and medical and health companies on the three lists, and interstellar business acceleration companies , Specially invited guests from VC and CVC institutions and roadshow judges, as well as entrepreneurial state member companies. Innovative China has been upgraded from a DEMO DAY to a future technology festival, becoming a festival for technology innovators and venture capital.
Zhou Kui, a partner of Sequoia Capital China Fund, delivered a keynote speech entitled "Sequoia, which is more like a startup company than ever." He said: "The appearance of large Chinese companies is getting more and more attention, especially in Hangzhou. But everyone must think clearly about how small companies can help themselves and how big companies can be more important to this industry. We need three Consider, first, consider whom to work with to make it possible to become a big company. Second, don’t come out too early. Third, you have to work hard to become a good company. So this is not only about the company, but also a topic of the whole society. ."
Zhou Kui believes that Sequoia China has been established for 14 years, and Sequoia has 47 years. From the time point of view, Sequoia is not a young company. In 2019, Sequoia has gone through various ups and downs and tests compared with the state of carrying a brand to communicate with entrepreneurs in the market 14 years ago. Today's Sequoia should be more like a mature startup company. Sequoia continues to study investment companies and how to help them before. When they became Toutiao and Meituan, Sequoia was also learning from them, learning how to turn digital indicators into customer-oriented capabilities, and how In the digital age, better improve the ability of the company's internal operations and learn how to turn yourself into a smart company.
(Zhou Kui, Partner of Sequoia Capital China Fund)
Senior Vice President of Sony Group, Chairman and President of Sony China, Takahashi Hiroshi delivered a keynote speech entitled "The Journey of Science and Technology: The Road to Enterprise Innovation and Breakthrough". He believes that Sony's electronics business, entertainment business, and direct-to-consumer service business will be deeply rooted in Sony's strong technical soil. Innovation is all genes. Black technology is the foundation of Sony. Sony’s development will never deviate from technology. Takahashi said: "Reality (spatial value) and Real-Time (time value) of people living in the space-time range are the two main directions of Sony's black technology."
(His Takahashi, Senior Vice President of Sony Group, Chairman and President of Sony China)
Super Visit: Investing in Chinese Chips-Opportunities and Challenges of Chip Breakthrough
(From left to right: Chen Datong, Chairman of Yuanhe Puhua Investment Committee, Yang Lei, Managing Director of Northern Light Venture Capital, and Zhou Zhixiong, Founder of Kaixuan Venture Capital)
Yang Lei, Managing Director of Northern Light Ventures, said: The average time from start to listing for 25 companies listed on the Science and Technology Innovation Board in this industry is 10.6 years, so this is a particularly hard business, and it also requires patience, persistence and determination. A business. Not only entrepreneurs, investors also need to be psychologically prepared for at least ten years. But the past ten years can be divided into two groups, one group is returnees, and the other group is entrepreneurs from the local area. The local area is faster, and the returnees are slower. The difference between the two may be 18 months, but the average gross profit of returnees is 15 points higher than that of the locals. This phenomenon is very interesting.
Chen Datong, Chairman of Yuanhe Puhua Investment Committee, said: "Ten years ago, more than 80% of semiconductor startups were overseas returnees because there was no such industry in China. Now 80% and 90% are local entrepreneurs. Returnees have seen the market and have technology. I have been working as a product team again. But there are three problems: 1. Haven't sold anything, don’t understand sales, and don’t understand the market; 2. Haven’t managed a team, and basically all engineers come back; 3. Haven’t been in the world, the Chinese market is completely different Unlike overseas, if you want to land, a localized returnee company will have to take a few years of detours to find the right one. As long as it survives, it’s pretty good. That’s why it’s so hard."
Zhou Zhixiong, founder of Triumph Ventures, believes that there are two opportunities for chips today: One is that the change in the international situation has made the chip industry a strategic industry, and has promoted some new opportunities. For example, international chip companies need to land in China. . The other is how to bind the end customer. Now Alibaba, Tencent, and Baidu all have their own chip companies, but there are still many strong IT companies in China that are still looking for better chip products.
Super visit: Hangpai's investment and entrepreneurship
(On the left is Qu Lin, the executive editor of Entrepreneurship, and on the right is Cao Guoxiong, Chairman of PricewaterhouseCoopers)
Cao Guoxiong, Chairman of PricewaterhouseCoopers, said: “Hangzhou is China’s top three cities with the best venture capital. From the perspective of PricewaterhouseCoopers' investment distribution, 50% is invested in Beijing, and Shenzhen and Hangzhou are the remainder. Shanghai’s leading companies are accelerating similarly, but Hangzhou’s entrepreneurial base is much larger than that of Shanghai, especially in recent years. The trend has become more and more obvious.” He believes that the capital winter can be said that the project that shines is not an investor. Pursued. In the investment process, finally pulling the trigger to make a decision is a very rational process, so the entrepreneurs who have made clear the industry knowledge are the entrepreneurs he will invest in.
(Lan Jianping, Dean of Zhejiang Institute of Industry and Information Technology)
Lan Jianping, Dean of Zhejiang Institute of Industry and Information Technology, delivered a keynote speech on "Zhejiang Action for Digital Economy". He believes that Hangzhou has witnessed the evolution of a city's industry and the iteration of a province's economy in the process of digital, networked, and intelligent development. He said that the highlights and highlights of Zhejiang, if it used to be small and medium-sized enterprises based on traditional industries, they are now innovative entrepreneurship. The next 3-5 years will usher in a new era of artificial intelligence, and the development of Zhejiang is not only the innovation of soft business models, but also the support of the hard core era. This is the biggest highlight in the development of the Yangtze River Delta Bay Area. .
Super visit: what kind of person is suitable for entrepreneurship?
(From left to right: Zhang Xichao, professor of the Department of Psychology, Beijing Normal University, Wu Daini, founder and CEO of Imagine Technology, and Huang Xiang, guest editor of Entrepreneurship)
Huang Xiang, the special editor-in-chief of Entrepreneurship, believes that there are three ways to effectively solve your own pressure. The first is to do everything possible to relax yourself, the second is to have a complete support system, and the third is to develop a relationship with yourself. A hobby that can't make a difference between work and business.
Wu Daini, founder and CEO of Imagine Technology, said that the appearance of anxiety means that she may not face the most important things in a real way, nor can she focus on her strengths. Therefore, the best way to deal with anxiety is to re-examine yourself, whether you put your advantage on what you think is the most important thing. If it does, anxiety will automatically change.
Professor Zhang Xichao of the Department of Psychology at Beijing Normal University said that entrepreneurs at the level of Ma Yun and Ren Zhengfei do not have leadership problems. They are all leaders, and leaders have enough psychological power. For example, Jack Ma, whose psychological power is like a flowing waterfall, can be distributed to 1,000 people. Of course, he can become a leader with such confidence. Ren Zhengfei's resilience is also like a waterfall, thinking calmly when encountering problems, there is no difficulty that can defeat him. If you have such a big waterfall that can be distributed to all those who follow you, it will be successful.
At the opening ceremony, Entrepreneur State United Imagination Technology jointly released the "Discovery of Your Entrepreneurship Advantages Research Report". The report combines advanced voice psychological assessment AI technology to conduct research and analysis on entrepreneurs’ psychology, randomly select 435 entrepreneurial companies at home and abroad, and collect a total of 20,990 founder voice data to complete the emotional portraits of successful entrepreneurs and losers. And analyzed their differences, and formed a very professional research report. The report believes that the most concentrated emotions of successful entrepreneurs are hunger, passion, and strength. Entrepreneurs who fail are more anxious, hopeful and frustrated. So the biggest difference is that successful entrepreneurs are more hungry, while failed entrepreneurs cannot face his anxiety.
On the morning of September 18, the Future Technology City Innovation Exhibition was also launched. In a space of 10,000 square meters, nearly 100 companies and brands have brought the most hard-core trendy technology, such as Knock Technology Camp, Nth Element Bureau, Infinite Blocks, Wonderful Life, New Species IP Park, Think Tank Space, and no scumbag Themed spaces such as planets bring unique experiences to the audience.