Kai-fu Lee cast 800 million 5-year run innovation factory
HC Environmental Network: Just quit Google Vice President, Greater China president Kai-fu Lee duties, Dr. press conference held in Beijing, announced he would set up in Beijing to help Chinese youth to succeed in business “innovation workshops” and hope to open their new life chapter.
According to reports, Innovation Works is a comprehensive business platform, designed to nurture a new generation of creative talents and high-tech enterprises. Innovation workshop will attract a group of outstanding entrepreneurs and Project Division, in the Kai-fu Lee, MD, lead, and create the best market value and commercial potential of the project, R & D and marketing operations. When the project mature to a certain extent, Natural Peel became an independent subsidiary of the parent, until the last listing or purchase. Innovation workshop will be based on the information industry’s hottest areas: Internet, mobile Internet and cloud computing, and select the relevant technology as the starting point for business.
Innovation workshop in the next five years will invest 800 million yuan. Investment led to Liu who founded the Central Economic Cooperation Group, investors also include Fortune 100 companies, leading venture capital and American elites, including the leadership of Terry Gou, Foxconn Technology Group, led by Liu Legend Holdings Limited, Mr Yu leadership New Oriental Education Technology Group, YouTube founders Steve Chen and so on.
About the prospects for innovation workshop, full of confidence Kai-fu Lee: “Now is the time of China’s rise, the opportunity hidden in every enterprise in innovation. China’s economic recovery, China, GEM, Chinese talents gathered 3G And the cloud computing era – that we believe today is the perfect opportunity to do innovative workshops. From the perspective of personnel training, we hope to see more and more Chinese young people help to achieve our dreams; from the company’s business operations perspective, we hope to create a 3-5 year company, supporting their growth, or even the birth of Several Chinese brands affect the world; from the perspective of investors, after a few years we hope to be able to investors excellent returns. “
Liu Wan said: “I started in 1999 in venture capital in China, despite the rapid development of venture capital in China, but lack the relatively mature venture Environment , Start the actual success rate is not high. In recent years, global capital Source Source continuously into China, but the lack of entrepreneurial management experience, lack of initial start-up capital, it is difficult to attract outstanding technical and management talent, and many other factors did not improve and open innovation workshop complex right time, which filled the void. Innovation Works is a ‘money’ + ‘before’ is marked as well as innovative products angel investment + high scale, industrial new model of venture capital.
Kai-fu Lee also spoke about “innovation factory”, the new model: “In China, entrepreneurs often face many challenges, for example, lack of entrepreneurial and management experience, lack of initial start-up capital, it is difficult to attract outstanding technicians so many factors make the actual success rate is not high start. and entrepreneurs in Silicon Valley the cradle, has been formed from the angel investing in late venture complete, streamlined system. A good idea even if it is in Proof of Concept are available on 10 500 thousand U.S. dollars of funds to support Angel. “
“Like the U.S., an angel investment groups in China is not to quick, innovative workshop was created to fill this gap, bringing large-scale industrialization of angel investments, with a complete and mature system, the selection of the most outstanding creative, entrepreneurs, engineers, and treat every one the best business links and resources integration, help the entrepreneurs to ensure that the initial positive development. We want to create the most market value and commercial potential of the project, to be developed and market operations. When the project mature to a certain extent, the nature strip as an independent subsidiary of parent company until the last listing or purchase. I hope to establish an “angel investment + innovations build” a new venture capital model. “
Kai-fu Lee also introduced innovative workshop will be based on the information industry’s hottest areas: Internet, mobile Internet and cloud computing, select the relevant technology as a starting point for business.
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