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21st Century Business Herald reporter Zhao Na reports

This year, new quality productivity has become a hot word across the country. At the same time, long-term patient capital provides sufficient blood and nutrients for the formation of new quality productivity. "Investing early, investing in small companies, and investing in technology" remains the most consensus investment direction. In the environment of accelerating the formation of new quality productivity, the cooperation between scientists and investors is becoming increasingly close.

On July 31, 21st Century Business Herald, 21st Century Venture Capital Research Institute and Tsinghua University School of Economics and Management successfully held a closed-door seminar on "Cultivating 'New Quality Productivity': Scientists and Investors on the Road to Innovation", discussing topics such as supporting China's basic science and applied science research, exploring unknown areas, creating social value, extending capital value, and capital helping to transform scientific and technological achievements into new quality productivity.

(Chen Hongwu, General Manager and Executive Partner of Guoke Jiahe)

In his speech, Chen Hongwu, general manager and executive partner of Guoke Jiahe, shared his understanding of technological entrepreneurship, new quality productivity, and scientist entrepreneurship.

"Starting a business is more about doing something, not just about survival." Chen Hongwu has more than 15 years of experience in equity investment and capital operation. In his opinion, the significance of entrepreneurship is to allow entrepreneurs to gain greater growth space while feeling social value. When participating in the process of promoting productivity development, entrepreneurs should also look at global technology and markets and participate in the global innovation ecosystem with a more open mind.

Guoke Jiahe is a private equity fund management company under the Chinese Academy of Sciences Holding Co., Ltd. that focuses on hard technology investment. Over the past decade, Guoke Jiahe has always played a leading role in the investment of "technology capital" in the field of hard technology. Relying on the first-class technical capabilities of scientific research institutes, a large number of high-tech transformation results, and government and industry resources, it has accumulated in-depth industry understanding of hard technology and rich investment practice experience.

In his speech, Chen Hongwu talked about his understanding of scientists' entrepreneurship: the transformation from scientists to entrepreneurs requires scientists to have a fuller self-awareness.

"Only when you truly know yourself can you get things done." He analyzed that there are certain similarities between scientists and entrepreneurs, but there are also considerable barriers. He suggested that scientists introduce partners with a more open and inclusive attitude, and work together to get things done through collective wisdom.

One of the scientists’ partners is an investor. The good interaction between them can be summarized as both parties have reasonable expectations for cooperation, abandon the mentality of “this, this, and more”, and balance their respective risks and benefits.

Talking about the important role of the government in promoting technological innovation, Chen Hongwu said that the current venture capital industry in China is still facing pressures in terms of exit and taxation, and he looks forward to the release of more policies that are beneficial to entrepreneurship and venture capital, guiding scientists, industry professionals and investors to jointly cultivate a healthy technological innovation ecosystem.