Author 丨 Lion Knife
Edited 丨Xinling
Image source 丨 Photo
On October 21st, sponsored by the Management Committee of Jianye High-tech Zone and Jianye High-tech Investment Group, and hosted by Nanjing Goldfishzui Fund Block Development Center and Chuangbang, the "Goldfishzui Daily Roadshow Artificial Intelligence Special Session and Lanchi Venture Capital Institution Day" activity was successfully held in Nanjing Goldfishzui Fund Block. 10 start-ups from this track have conveyed cutting-edge trends in the artificial intelligence industry in the form of roadshows.
This activity not only promoted the docking of projects and capital, but also explored the future industrial direction of artificial intelligence. Among them, Zhu Tianyu, managing partner of Lanchi Venture Capital, Wang Ping, partner of KIP China, Ji Jundong, partner of Ping An Venture Capital, Wei Gang, partner of Dachen Caizhi, cao Tengfei, partner of Yimi Capital, and many other investment celebrities shared their investment experience in the field of artificial intelligence and revealed their investment logic for this "outlet".
As Yuan Ting, deputy governor of Nanjing Jianye District People's Government, said, at present, artificial intelligence is one of the leading industries in Nanjing Jianye District 1+1, through long-term accumulation, Nanjing Jianye District has the "fertile soil" for the development of artificial intelligence industry, that is, it has a solid industrial foundation and a strong growth of the digital economy. So in this soil, what companies have been born?
In Search of the "Next Unicorn"
On the same day, 10 artificial intelligence enterprises from all over the country, such as Elite Visual Intelligence Technology (Shanghai) Co., Ltd., Guangzhou Meiyang Innovation Technology Co., Ltd., and Shanghai Wood Ant Robot Technology Co., Ltd., completed the roadshow in front of many expert judges, and carried out in-depth interaction with the expert judges on the core technologies and business models developed by the company.
Suzhou Nadi Intelligent Technology Co., Ltd. has a unique technical advantage in the field of 3D digital diagnosis, according to founder and CEO Zhou Junhui, AI medical treatment started in the world in 2019, and now the annual growth rate is about 40%, and after 5 years, the global will reach a scale of 20 billion US dollars, of which the imaging field will account for 25%.
Nadi Intelligent focuses on the application of ultrasound technology in medical treatment, and the platform developed by the company can analyze the functional characteristics of the underlying protein through digital features, which is a very innovative application platform.
Although the technical characteristics are distinct, Zhou Junhui still needs to face the layers of "torture" of the judges, and some judges pointed out bluntly: "Who will pay for this product, who is the customer?" In response, Zhou Junhui responded that the company has two products, hardware is sold to ultrasound, and services are in the cloud, mainly for oncologists.
The key product of Elite Vision is the intelligent inspection robot, which has radiated the national market and also laid out some factories and offices in various provinces and cities.
The company's customer base is very wide, distributed in steel, power generation, mines, chemical ports and so on. Chu Fan, assistant to the president of Elite Vision, said that the inspection robot cooperated by the company with Baosteel is the first application of Baosteel in this field.
However, there are still judges who ask sharp questions: "If there is an incident, is it the customer's responsibility to pursue you?" In this regard, Chu Fan said that the company will make a prejudgment, and then do small batch procurement after stabilization.
Wood Ant Robot is the 10th roadshow enterprise of the day, the company landed in the large logistics warehousing scene, the main feature of the company's products is to be able to run safely at a speed of 2.6 meters / second, which is leading in the world, and the product software and hardware are independently developed, can achieve 5 minutes of fool-like hands-on operation.
In response to the judges' current biggest difficulty, Cao Jianqing, head of sales of Wood Ant Robot, said that because the company is leading the industry and there is no benchmarking company to do guidance, it takes more time to develop some scenarios, including the overcoming of some new difficulties, but it is also because of this that it has formed its own technical barriers.
In the end, 4 enterprises, such as Elite Vision, Cetui Information, Meiyang Innovation, and Wood Ant Robot, won the most investment value award on the same day, and the other 6 companies won the most growth value award.
Wu Shiyong, executive deputy director of the Nanjing Goldfishzui Fund Block Development Center, said that the Goldfishzui Daily Roadshow is currently doing a platform for gathering resources, with the specific goal of holding 1,000 roadshows within 3 years, so as to create the brand IP of the Goldfishzui Daily Roadshow.
"In the long run, the daily roadshow of Goldfish Mouth should become a business card of the entire Nanjing fund agglomeration area, and attract more top investment institutions to Jianye through the daily roadshow." Wu Shiyong said.
According to Wu Shiyong, the Goldfish Mouth Fund Block is a platform for resource gathering, on this platform, not only venture capital institutions can find good projects, but also the resources of banks, securities, law firms, clubs, insurance and other financial institutions can also be integrated on the platform to jointly serve the city's industrial development and roadshow financing for enterprises.
In the 14th Five-Year Plan, Nanjing clearly proposed to "strengthen and strengthen the financial industry and build an important financial center in the eastern region of China". As the main bearing area and growth pole of the city's financial industry, Jianye District is imperative.
All science and technology point to innovation
As an investor, how to tap the potential of the artificial intelligence track with entrepreneurs and find opportunities from it?
Zhu Tianyu, managing partner of Lanchi Venture Capital, made an investment sharing with the theme of "Early Technology Investment: Grasping the New Round of Innovation-Driven Growth Dividends".
In the sharing, Zhu Tianyu said that Lanchi has gone through many international and domestic cycles, and often thinks about the underlying factors and signs of cyclical changes. They strongly endorse the analysis of the developments of the current economic world through the perspective of the "technology-efficiency-organization" paradigm shift relationship.
As human society enters the third industrial revolution, oil and natural gas have become the main energy sources, automobiles and aviation have become new transportation capacity, and computers, data centers and informatization have become new communication and computing tools; and supporting them are the popularization of higher education and globalization, multinational enterprises, rapid iteration of startups and other new business organizations.
Zhu Tianyu thus concluded that the innovation of any era is led by scientific and technological innovation, through a certain energy transformation, supplemented by efficiency improvement tools, and constantly run into development, influence and transform organizational forms.
So how does Lanchi Venture Capital find effective and valuable projects in such a big era? They focused on the potential and opportunities in the following four directions:
New energy. New energy is also the application and frontier exploration of new transportation capacity, electrification, photovoltaic, hydrogen energy, new energy storage network, etc. in various industries such as logistics, travel, and industry.
New efficiency. The in-depth application of digitalization, automation and intelligence in the manufacturing industry, such as intelligent hardware and robots, basic software, chips, etc.; in the service industry and logistics, such as service and logistics robots, consumer technology, scheduling algorithm platform, etc.; in the biomedical in-depth application, such as AI + life sciences.
New interactions. With the accelerated development of optical technology and the dramatic increase in rendering computing power, virtual reality (VR) and augmented reality (AR) provide experiences that are closer to those of the real world. This means that a new interactive experience is created, the needs of different levels of people will be better met through new interaction methods, and new economic models will be formed quickly.
New science. Future changes and opportunities will not only be in tech, but also in science, which is more underlying scientific theories and innovative applications of cutting-edge technologies, such as brain-computer science, life sciences, nuclear fusion, etc. We will pay more attention to the places where the underlying science and cutting-edge technology are enriched.
After the end of the day's activities, Zhu Tianyu accepted an exclusive interview with reporters, he said that he pays more attention to cross-cutting areas, because they will bring more disruptive innovations, and the characteristics of this field are "long slopes and thick snow", which can become bigger when the snowball is rolled.
"However, in this direction, you need to gnaw on the 'hard bones' to have a chance." Zhu Tianyu said.
In Zhu Tianyu's view, the intersection field is often in the definition of a new battlefield, if an entrepreneur is carrying out incremental innovation, many times it is actually in the battlefield circled by others, following behind others, can only "drink some soup". However, if entrepreneurs can circle a battlefield on their own, they can do what no one can.
Lanchi Venture Capital has a history of 20 years, starting in Silicon Valley and starting to invest in China in 2005. At present, it manages more than 10 billion yuan of dual-currency funds, including US dollar funds and RMB funds, invests in more than 150 projects, and the investment stage covers the angel stage to the A round stage in the early stage, and is also the first round leader of more than 80% of entrepreneurial projects.
The fund block helps industrial development
The fund block is becoming an important option for many Chinese cities to build a financial ecology and promote industrial transformation. In the early stages of the fund block, the scale and agglomeration of each place were fought. Nowadays, investment institutions pay more attention to service quality and brand influence. In the eyes of industry insiders, the development fund block is not only a simple gathering of financial institutions, but also the role of a resource docking platform, but also a regional ecosystem.
So, as one of the most attractive, influential and premier benchmarking brands for venture capital activities in the national fund block, how does Nanjing Goldfishzui Fund Block take the daily roadshow of Goldfishzui as the starting point to build brand power and optimize service quality?
From an ecological point of view, Nanjing has listed artificial intelligence as one of the eight major industrial chains for key development. According to statistics, at present, Nanjing has gathered more than 300 artificial intelligence research and development and application enterprises, involving major fields such as artificial intelligence basic layer, technology layer and application layer, and has formed certain advantages in the fields of intelligent software, intelligent sensors, intelligent chips, and intelligent robots.
According to Yuan Ting, deputy governor of Nanjing Jianye District People's Government, represented by Ali, Xiaomi, NetEase and 58, 13 of the top 20 Internet companies in the country have settled in Jianye, and the head enterprises of the digital economy have formed a clustering trend. By the end of 2020, jian ye's digital economy core industry regulations reached 102 enterprises, operating income of more than 50 billion yuan, added value accounted for more than 10% of GDP.
From the perspective of platform services, the establishment of the nanjing goldfish mouth daily roadshow, the country's first capital transaction element matching platform, has provided a "multiplication effect" for the development of the artificial intelligence industry in Jianye District and even Nanjing. As the country's first capital transaction element matching platform, the Series of activities of Nanjing Goldfish Mouth Daily Roadshow since its inception has always been closely focused on the development of national and regional key industries.
In just 5 months, the daily roadshow has held nearly 100 venture capital activities, matching project financing of more than 300 million yuan, a number of domestic and foreign innovative projects have been tried first, and more and more investment and financing institutions have gathered to goldfish.
It is understood that in view of the industry characteristics of the fund, the Goldfish Mouth Fund Block has also created a fund demonstration service system including two major spaces (GP space, fund incubator space), three services (government services, butler services, enterprise services), and four major centers (capital training center, conference roadshow center, bank settlement center, and enterprise financial support center); Through the settlement incentive, operation support, contribution reward, talent award and other dimensions of the comprehensive support fund settled in Nanjing, all-round construction of financial ecosystem, with the power of finance to empower industrial development, escort for science and technology innovation.
"Nanjing's strength is grossly underestimated." Nan Lixin, founder and CEO of Chuangbang, said that in the past 2020, 289 companies in Nanjing have received investment. "At present, through the landing speed and number of venture capital institutions, as well as the number of invested technology companies, Nanjing has shown great development potential."