Zhongguancun Development Venture: A World-Class Hi-Tech Commercialization Platform
Founded in April of 2010, Zhongguancun Development Venture is a high-tech commercialization platform backed by the Beijing government. Boasting a registered capital of 12 billion and 392 million RMB, the company is situated in the world-renowned technology innovation hub of Zhongguancun. This hub is home to over twenty thousand hi-tech companies, more than 1.3 million employees, and a plethora of universities and research institutes. The company's headquarters are located at 73 Yuhui Building, Fucheng Road, Haidian Beijing, CN.
Zhongguancun Development Group's primary objective is to promote the development of the Zhongguancun hi-tech park. To achieve this goal, the company focuses on three core businesses: hi-tech investment, technology park development, and hi-tech financing.
Hi-tech investment involves supporting technology commercialization through equity investments. Each year, the company invests in approximately 90 projects, with a total investment amounting to around $300 million, in a bid to support the continuous growth of portfolio companies.
In the realm of technology park development, Zhongguancun Development Group is responsible for designing, constructing, and operating hi-tech park infrastructures, incubators, and factories. The company also provides one-stop services to its clients. Currently, it has approximately 80 square kilometers of high-tech parkland, along with 1.2 million square meters of incubators, offices, and factory spaces.
Hi-tech financing, another crucial aspect of the company's operations, supports technology innovation through various financing platforms. These platforms include hi-tech guaranty companies, micro-loans, venture capital funds, financial leasing, and intellectual property trading.
Over the past four years, the Zhongguancun Development Group has reserved more than 1,459 programs, invested in 294 programs, and provided localization services amounting to 4.1 billion RMB. The company's investments have attracted over 30 billion funds from other institutions for these enterprises, with a projected revenue of 190 billion for said enterprises. The group plans to invest in over 450 companies by 2015, with the revenue volume for these companies expected to exceed 200 billion.
Operating in the specialized industries of venture capital and private equity principals, Zhongguancun Development Venture continues to be a driving force in the technology sector. For more information on the company and its initiatives, visit their official website at http://www.zgcgroup.com.cn.