University Business Park: Left Turn Righttext | staff reporter Bai Mingting decade cultivation, Pioneer Park Why China's most prestigious universities have not been able to bear fruit, 'Stanford + Silicon Valley' mode is really 'acclimatization' by the end of 1998, Tsinghua Pioneer Park starts, trouble a joke: in accordance with internationally accepted title, wanted to register a 'XXX Incubator Co., Ltd.,' but go and Industry Bureau registration colleagues sadly back, tell the future Luo Jian, director of Tsinghua Pioneer Park North, said Trade and Industry Bureau on the 'incubator' names there are objections, in accordance with the principles of the company were concluded nuclear incubator should belong to agriculture, animal husbandry industry, regardless of the technology park business. It seems today, as the company as a network is like fishing, dumbfounding. It was not until after the end of 2000 related policies, which the Chinese company's first university incubator to complete the business registration. The next decade, 'innovative nation' had become the consensus, 'Stanford + Silicon Valley' model has become the object of major Nike Lebron 11 Kid colleges and universities imitated. Today, located in the country's Pioneer Park incubator company has more than one thousand. Unfortunately, ten years, the business park has no hatched a real star companies. May 2008, Dr. Stanford, entrepreneurial success in the United States returned Zhu Min, donated $ 10 million set up Zhejiang University Innovation Institute International, a non-profit organization whose organization has opened up another road business park development. The Silicon Valley start returning Zhu Min also has a new role: founder and president. If successful, Zhu will write the story of China's first private angel investors to participate in Cooperative Innovation and Construction of the University as the main incubators of innovation. The next decade, China's university who traveled many detours business park, like the Stanford Research Institute as whether to create China's Silicon Valley? With questions, 'Entrepreneur' reporter visited the representative of Tsinghua Pioneer Park, Fudan Venture Center and Research Institute of Zhejiang University International Innovation fledgling. ? Incubators or commercial real estate universal definition of the Internet incubator is: Incubators (English as Incubator), in China, also known as Venture Center (Innovation Center), is a new kind of social and economic organization, in the 1950s it originated in the United States, through provide research and development, production support, site management and communication, networking and other office aspects of facilities, systems, training and consulting as well as policy, finance, law and marketing and other aspects, reduce business risk and start-up costs of start-ups, and improving The survival and success rate. Visible Innovation Center is to provide the functions from hardware to software, from outside to inside of the train service: Buildings and facilities - training advice - legal and financing services - marketing support, Nike Hyperchaos Shoes 2013 it means to make up the short board business, which aspects not pull one. We went to the business center which links? To the mature market operation Fudan University Entrepreneurship Center, for example, these four areas have different levels involved. From the profit point of view, according to general manager Xie Jihua business center introduced its 2007 net profit of nearly 3 million. Rental income and income sources include three service companies under the (property companies, commercial companies and investment companies) profit remittances ratio of approximately 2: 1 (property companies and commercial companies should be counted as income in fact commercial real estate income). Tsinghua Venture Park case also probably the case. Rental income accounted for more than half of the business park income, this ratio can not help confusing, incubator company or whether it is a commercial real estate company serving the development of such a path is understandable, even now the innovation base? - Silicon Valley, also from Stanford School Rental vacant land surrounding houses started, HP and other companies even spend heavily in the founding period under the office of the garage after success. Just how this role can be successfully converted from start-up companies by providing low-cost office for a smooth transition to a 'soft service' which, still groping. Tsinghua Pioneer Park was first established, all we had was the Tsinghua Gakken Building A9, A10 two floors and 500,000 start-up capital. Approval under the Science and Technology Park, Pioneer Park all rental income directly incubation services for start-ups without expenses paid. Pioneer Park to coincide with the network after the establishment of the economic boom, enterprises settled extremely enthusiastic, the first approved 11 enterprises settled, including the second session of the Business Plan Competition, Tsinghua University students stand out 'as Melody,' 'easy to get Ark', 'Music all 'and other teams. But then the Tsinghua Pioneer Park can only live within its means, by general services are not making money, I had to pay the rent and service costs with revenues, on the basis of an earlier attempt to joint venture and investment with the rest of the rental income. If the incubator is no sustainable business model, cost of service is difficult to get the appropriate return, the incubator company Where is tomorrow? Ever since its inception, this problem every day, Luo Jian-plagued north and her colleagues. Finally, the judgment is made Luo Jianbei 'means profit must rely on investment and financing services.' September 2001, Pioneer Reebok CL Chi Kaze Park held a 'Xiangshan meeting' to discuss the future of the company, it was clear the two strategic directions: one based Qinghua University in the field of electronic information and biomedical disciplines rich resources, comprehensive Among incubator founded specialized incubators so incubators toward specialization direction; the second is to establish a 'incubator + seed investment' model of development, the business park for angel investors and venture capital enterprises in the park as promote their own development important business, digital video investments serve as a model year. In 2000, Haitao with their own technology and projects, Tsinghua Pioneer Park was established in digital video company. However, after the completion of product development, network testing even do not have to take money out, 'like swim 10,000 meters, but do not increase the difference between the last breath.' Pioneer Park under long-term concern to understand their business and the team quickly invested 50 million yuan, has led the other two to come up with 2.1 million of venture capital, making a total of 2.6 million digital video come alive. Up to now, Tsinghua Venture Park a few times to get in return. Although many similar cases may be due to a small amount of seed investment and business due to the lack of suitable exit mechanism is not yet available, so although created value reflects the return on the financial statements is limited, which also led until Now, more than half of the profit comes from Pioneer Park rental income. In 2005, Fudan Technology Innovation Center official operation of the company. November of that year, director Xie Jihua organize all 45 employees engaged in a great debate revolves around business incubators: 'First, where we are the second, third we go, there is a fourth of what??? ?, how we go. 'After that, the door at the Technology Center of Fudan hang out a very eye-catching big sign: bottom entrepreneurs. It can be seen that the central importance of entrepreneurs. According to reports, the center specializes in providing services for enterprises in the park as many as 45 individuals, but also innovation and a 'liaison system.' In 2005, Fudan University Center for Entrepreneurship addition of a unified platform for the loan system also specifically address the problem of start-ups in getting loans. China Development Bank a 20 million credit to the central government guarantee. When small businesses need money, apply directly to the center, the center may Nike Air Max 2014 1234 be examined and decided on their own whether to grant loans based on business knowledge, the original three months or so of the loan process shortened to 15 days, help many small businesses weather the financial crisis. Familiarity is the first aspect of business liaison loan approval, the lending risk centers is also greatly reduced. In 1998, just graduated from Fudan University master 姚海平 with a few Sanguine Young founded the chip design company, on a critical moment in its domestic market disruption, the business center for their critical support. 'We were mainly made of semiconductor chips. Just Nike Air Jordan 10 2004 Shanghai Venture Incubator Center and the French cooperation project, recommended to us. We were a small company, they helped us a lot of big customers, so we became the first In France, high-tech enterprises set up branch offices in Shanghai, then gradually in the United States and Japan have a market. 'Yao Haiping, said,' Now, Samsung, Hyundai, Sony, Siemens, Ericsson, Qualcomm, the US National peninsula are our body customers, 80% of our sales are in foreign countries. '' Diamond 'business weekly born 11 new companies, JORDAN an average of every five days there is a new company in the market, continue to surge phenomenon HP, Intel, Cisco, Sun, Netscape, Oracle, Apple, Yahoo, Google and other new star of the company, compared to the prosperity of Silicon Valley, the center of China's entrepreneurs seem obscure. Even with 10 years of history in Tsinghua Venture Park, home to 126 enterprises in the region, it is also only Smartdot, digital video, Highlander, Chinese online, a dozen companies have seen the dawn of success. Within Fudan Technology Innovation Center, Warburg computer chip design and Sanguine be the largest, but also tens of millions in annual revenue. Of course, the business center and Silicon Valley, both from the Start time, economic policy environment, or to match the talent point of view, can not be compared. But a decade, the world outside the park is surging, which has nothing to do with the incubator. The problem lies in the north where Luo Jian, director does not deny this 'regrettable', she believes there are multi-reasons:? First, it is a probability event, and Silicon Valley than we could 10 still a very small park, 100 enterprise Yes, only one considered very good. Second, China's capital market development and turns, the GEM by the A-share market impact has not yet been on; small plates are mostly manufacturing enterprises, the park is not suitable for high-tech enterprises. Third, less own funds, began only a few million, the investment scope is usually limited to the park; in addition, enterprises in the park early and did not undergo a rigorous screening, there is no special emphasis. And now, Tsinghua Venture Park have focused locked in IC technology, the Internet and biotechnology. General manager of Fudan University Center for Entrepreneurship 谢吉华 is sharply, 'the government aspects of our far worse, no real angel investors, this is a government function that should not be the market. Despite a guide MOST funds, but the amount is not Air Jordan Outlet country a million, just painted red syrup, where enough? in the expansion of the market, such as government procurement should tend to choose companies with independent intellectual property rights, is nothing but talk. 'On the other hand we also see entrepreneurship Park in recent years, are also trying to get rid of embarrassing, to find a solution. In 2006, Tsinghua Science Park Venture president Xue Jun spearheaded the 'cradle Plan', the first on the invitation of David Ho, president of Nokia China, NASDAQ China chief Laurence Penn, Microsoft Greater China CEO Tim Chen and other 10 instructors, hands for 17 entrepreneurs to provide a two-year compulsory counseling. 'Now every time I see Lei Tong, I would ask him how to project-driven, and how to fund-raising work? Two days ago I will be in Softbank's presentation material sent to him, for him to make some reference listed.' Two years After the training period, the Deloitte partner in charge of the Northern Region Yen, although no longer the CEO Tong Lei Chinese online tutor, but he believes that this mentor friendship will continue. In 2006, the parent company of Tsinghua Venture Park Tsinghua Science Park also introduced the 'Diamond Program.' Currently, the 'Diamond Plan' has made two rounds of selection, a total of 15 companies short-listed, a total of nearly 60 leading technology company with core application. For the 'Diamond Plan' shortlisted companies, Tsinghua Venture Park can be described best. For each company, business park executives responsible for the implementation of the system, specialized counseling, comprehensive understanding of the needs of enterprises, providing resources companies need to grow from all Nike Zoom Soldier VIII aspects of capital markets, customers and the like. In June 2007, Spreadtrum Communications in the United States, became a diamond plan shortlisted companies in the first listed company, Luo Nike Barkley Posite Max Jian North revealed, digital video, Highlander and some nominated star of companies already have 'landed in the domestic GEM qualifications. ' But now the capital market downturn, but also to such expectations have again postponed. New role compared to Zhu Qinghua and Fudan University from gradual transition to commercial real estate to serve as the core of the incubator, Zhejiang University, founder and president of the International Institute for Innovation Zhu looks more like a traveling light: no land, no house, and even Institute itself and its sponsored venture capital firm Cerberus work together. 'Chinese entrepreneurs environment is affected by many constraints, especially in the business growing.' Zhu Min believes that funding and relevant experience in the high-tech industry's most scarce resources, it is desirable to be able to grow the required environmental technology companies to extend come out. Zhu has a good platform to achieve this dream, he was a partner in the nation's largest early-stage investment firm NEA, and he himself also and NEA 50-50 in China was set up in early-stage investment firm Cerberus, and served as chairman of the board. 'China has a vacancy on angel investors and early stage investment, particularly the lack of business experience of investors.' Zhu Min said that this is his acceptance of the International Institute of Zhejiang University Innovation first dean positions in mind, 'After all I had the battle to climb down and roll. ' 'Like with SRI International, the International Institute of Zhejiang University Innovation Incubation mainly to do, do it and attracting investment, the task is complete.' Zhu Min said he will also make use of NEA and Cerberus investment, 'the two company's investment style both hands together with entrepreneurs to do business. 'YOYOOR company established in 2007, is one of the Institute's first customers, founder Shen Jian has served as vice president Zhu Min WebEx in men. Company specifically provides intelligent mobile phone rental and support services for overseas people to China. 'A total of one million US dollars of registered capital, they (the Institute) voted $ 500,000, accounting for only 10% New Basketball Shoes of the shares.' Shen Jian said. 'We feel that this project is very good growth, but the team is very good, so few shares that may be acceptable,' ZHAO Yong explains, 'students that an entrepreneurial business services, and private enterprise services is that a more innovative services . 'Chint Group is a good example. In 2007, a professor at Stanford University, a friend recommended to ZHAO Yong Chen Sheen (sound), he has a solar battery technology, but he did not have the ability to establish domestic channels. 'We'll introduce them to the Chint Chint has a complete sales network, the main business profit is not large but later Chint invest in his 51% holding. Now I am in charge of the control of the project, did see it firmly grow, as long as developed, the market is responsible for Nike Air Jordan 6 Women Chint estimated to do three or four years can be listed up. 'Zhao Jieshao said. Another model, the Technology and Innovation Institute converging Cerberus investment to jointly set up an angel fund to train environmental monitoring of small businesses. Good development companies may be acquired or technology transfer to the condenser. 'This small business innovation Cheap Nike Free Outlet can be well integrated into mature businesses,' ZHAO Yong said. The idea seems to be even ahead of Zhu Min: Our incubator to open to the United States. He has his own reasons: students are already there to start a business, and if the running back is a big thing, have to resolve accounts, home, house problems. And now there is a large market abroad, the atmosphere is also very good, there are a lot of government guidance funds, a lot of private capital. 'We have a year to do a lot of work, there is no ready-made model, we like a lot of ready-made incubator in communication, learning. China is now in the end what kind of model should be used to do still groping, I can not say that we are winners We can only say that is worth a try, 'Zhu said. It now appears on track but the Institute has since its foundation identity at the time of application for registration to be struggling. In other countries, the Foundation is a powerful third party between the government and enterprises, and the first issue of the Foundation at the time of registration Zhu Min, encountered are: '? You are institutions or enterprises,' 'I do not know what I . What is this, the cause of half of half of the companies affiliated to it later again, linked to the Zhejiang University is not enough, finally anchored to the Science and Technology Agency - and they still respect me; down after the Office of Science and Technology, is the Home Office, there to engage in civil affairs around, get a year. It also Nike Air Jordan 11 Women is not the second thing is that I want to like businesses pay taxes, I said I was a non-profit organization does not work. '' The most outrageous is that they claim to raise money year more than Nike Air Max 85% to be spent in the first year, and I anxious, said foundation to scroll fishes, I ran out 85 percent a year, where there is so much money coming in each year. Such a thing, I do not know the future will will not happen. 'talked about this, just very passionate Zhu little frustrating. Two modes of a road in terms of supporting SMEs, Nike LeBron 11 business center can be described as do their force, and their own characteristics and strengths but also because of different patterns emerged. Such as Tsinghua University, Fudan University Corporation Model Innovation Center is taking the full recovery of corporate short-board way, more like a fertile soil for the growth of the enterprise; and the Foundation Institute pattern Zhu prefer market-oriented, capital services. If you want to have 20 companies settled in the incubator, the first mode may be a basic filter to remove have (such as product obviously no market, lack of capacity or teams, etc.) several flawed, leaving 15; the latter kind of screening may be more stringent, thought and also more money spent, perhaps leaving only one, might choose the time wanted a good investment plan and exit. From the profit terms, within the first period of commercial real estate will still depend on the support, early investment results of the company's operations will not be seriously affected, until soft scale and quality services to attract a large number of high-quality companies settled, income before We will gradually turn to rely on investment income. 'We can not say which is better, perhaps this is the presence of both the strengths and complement each other.' Gao Jian, director of Tsinghua University, China Center for Entrepreneurship sermon, 'In the long run, or whether it is business center Research, development trend should form their own network, and gradually come out from the use of internal resources, make full use of external network resources, enabling enterprises to have a broader use of space, so that the new concept faster and better into a major industry. '