Southern University of Science and Technology (SUSTech) recently hosted a meeting to launch the SZ Investment Holdings-SUSTech Angel Fund, the first sub-fund of a fund of funds established by Shenzhen government.
SUSTech President Chen Shiyi, TopScend Capital Chairman Liu Xinyu, and General Manager Bi Tianxiao of Wedge Co., Ltd. attended the meeting. General Manager Jiang Luzhou of TopScend Capital hosted the meeting.
Chen Shiyi spoke at the meeting. He said that the Fund, focusing on angel investments, has realized the combination of capital, innovation, technology, and university. The investment has great potential for development, and President Chen remains confident in the performance of the fund.
Bi Tianxiao said that he would establish close cooperative relations with SUSTech. He wanted to develop a high-quality talent pipeline and set of projects, while carefully carrying out the funds work.
Liu Xinyu said that the Southern Angel Fund invests at the earliest stage of investment and has the highest quality among the eight specialized funds initiated by TopScend. SUSTech’s support has ensured that there is proper screening of projects before they enter the investment management stage. The promotion of industrialization and market transformation of high-end and new technologies is of great significance to Shenzhen and SUSTech.
The first investment committee took place immediately after the launch. President Chen Shiyi led the project teams in explaining their plans. All committee members focused on the core technology and project development prospects, as they reviewed and ultimately adopted five investment projects.
The SZ Investment Holdings-SUSTech Angel Fund currently has total funds of 130 million yuan and focuses on strategic emerging and future industries that Shenzhen seeks to develop. By combining with the distinctive disciplines and technological advantages of SUSTech, the fund can invest in technology-leading angel projects such as new materials, new energy, aerospace, and medical health.
SUSTech adheres to the philosophy of “Research, Innovation, Entrepreneurship” and is committed to serving an innovative China, along with the development of the Guangdong-Hong Kong-Macao, Greater Bay Area and a modernized, internationalized and innovative Shenzhen.
The creation of the SZ Investment Holdings-SUSTech Angel Fund promotes production, education, research, and capital. It is an important measure to develop SUSTech comprehensively. SUSTech will continue to cooperate with the Southern Angel Fund and other such funds to make full use of their respective resource and professional advantages. This approach will optimize Shenzhen’s ecological innovation and technology industries and create positive contributions to innovative and leading global cities.
