Kai-fu Lee Innovation Works investment invitation Zhejiang
Post reporter Xu Yiping
macro-control policy in the context of frequent, the "investment benchmark," said the huge amount of private capital of Zhejiang way again into focus, as the IT industry is also big brother of Kai-fu Lee can not "escape convention." July 3, the former Google vice president and Greater China CEO Global, currently chairman and CEO of Innovation Works in the "2010 Zhejiang (summer) Forum", to hundreds of Zhejiang promote innovation workshops, invitations investment.
the forum by the Research, Zhejiang Province, Zhejiang, Province, directly under the Chamber of Industry and Commerce, Wenzhou City Promotion Association and the Oriental Morning Post and other co-host. Informed sources, because no opportunity is lost passport, Kai-fu Lee to change overnight train arrived in Hangzhou to attend the forum.
Innovation Works is the Kai-fu Lee resigned Google vice president, Greater China, after last September launched the business plan, focusing on the Internet, mobile Internet, cloud computing three areas of investment, Kai-fu Lee hoped This realization of the rapid commercialization of IT technology, to create a "angel investment + business incubator + Career Guidance" hybrid business model.
in 2010, Zhejiang (summer) forum, the first Kai-fu Lee said that despite the stock market, real estate, great wealth, but not sustainable, has become increasingly difficult. Then he flashed view: IT industry is the most worthy of attention and investment in the industry, but the "IT industry needs a lot of support, an angel investment funds abroad, is very lacking in this country" - this is he founded Creative Workshop The original intention.
Kai-fu Lee introduced innovative workshops in the next 5 years will be invested 800 million yuan, investors, including Foxconn Technology Group, Legend Holdings, New Oriental Education & Technology Group and YouTube founders Steve Chen and so on; has voted 9 projects, of which seven are mobile Internet industry, followed by more than 10 projects will be cast.
9 items of the statement, and Kai-fu Lee said the figures by the end of May this year the same.
Kai-fu Lee is a clear need for more investors, "If the innovation workshop fund 200 million U.S. dollars, 150 projects will be considered done. Of which 130 may die, but the 20 projects may bring hundreds of times return. " He also strongly clarify the Manufacturing business innovation workshops misunderstanding: it was very disappointed after the inspection, "that the workshop is to put heaps of young people in front of the computer, the production line, where the drawings? But in fact, IT companies do not need too many people. "
Forum, Kai-fu Lee, and specially organized a field of small-scale" innovative workshop forum. " This will be behind closed doors, only 30 or so of Zhejiang businessmen were allowed to participate. It was revealed that Kai-fu Lee asked investors "have enough patience" because the investment cycle at least 8 years.
"2010 Zhejiang (summer) Forum," the theme of "Innovation and Zhejiang transformation." Forum issued the "Innovation 10 classic case of" This is the first time, a similar selection of Zhejiang. Alibaba, "Taobao model" of Zhejiang NetSun Co., Ltd. All Rights Reserved "net Sheng Bao innovative business model", Zhejiang Assets and Equity Exchange, "the transfer of unlisted shares of company stock pilot mode" finalists. Alibaba CEO Jack Ma, Chairman of the Board, net Bao Sheng business entrepreneurs, he was elected president of Sun Deliang, etc. 10 "innovation Zhejiang."
