Zhongke Chuang Xing Zhang Hui: Adhere To Independent Judgment, Systematic Layout Of Commercial Aerospace And Other Subdivision Track

"The field of advanced manufacturing is very large. Based on its own gene and cognition, China Science and technology chuangstar is mainly deployed in the fields of optoelectronic chips, commercial aerospace, unmanned driving, etc. We are characterized by group army operations and systematic layout of the track, rather than making opportunistic investment in the way of "hunting." Recently, Zhang Hui, the managing director of China Science and technology creation star, said in an exclusive interview with the reporter of the 21st century economic report.

Founded by Xi'an Institute of Optics and mechanics of Chinese Academy of Sciences and social capital in 2013, Zhongke Chuangsheng focuses on venture capital and incubation in the field of hard science and technology. It is understood that in the field of advanced manufacturing, China Science and technology chuangstar has long laid out subdivision tracks such as optoelectronic chips, commercial aerospace and unmanned driving, and has launched more than 100 projects, such as Yushi technology, Jiutian MICROSTAR, micro nano star, Zhongke aerospace, Tianqing aerospace, Zhongke Weizhi and Luwen instruments.

Zhang Hui, China Science and technology innovation star. Data map

Promote the rapid development of advanced manufacturing enterprises

Zhang Hui said that for a long time, China's manufacturing industry has been learning from the experience of developed countries. The domestic manufacturing industry is large and complete, but it can not be said to be very strong. There is still a gap between China and foreign countries in the field of high-end manufacturing. In recent years, that is changing.

On the one hand, the rise of labor cost and production cost promotes the industrial upgrading and produces products with higher added value and high-tech content, which is also the direction of policy encouragement. On the other hand, from the perspective of market development, industrial products in the past solved the problem of people's consumption from scratch, but now people are pursuing products with richer functions and more beautiful designs, and the demand for more high-end products is growing.

At the same time, due to the changes in the international situation in the past two years, the import of some high-end manufacturing products has been restricted, and the need for import substitution is increasing. This has forced the rapid development of domestic advanced manufacturing enterprises, and a large number of venture capital funds and industrial capital have poured into this direction.

Which industry segments will have more opportunities for investment institutions? Zhang Hui believes that in the fields of mobile phones, home appliances and traditional automobiles, the domestic industrial chain has been very mature, and there are many enterprises with accumulation. There is a high capital and market threshold for new enterprises to enter, and the opportunities for venture capital are relatively small.

The revolutionary iteration of emerging industries or traditional industries is the opportunity for start-ups. For example, in the field of new energy vehicles, although the threshold to be a mainframe is relatively high, it is difficult for general start-ups to try it easily. But in the battery system, power system, multimedia system, wire control system and other supporting industry chain, there are still opportunities for start-up companies. At the same time, the emergence of new industries, such as commercial aerospace and unmanned driving, can also cultivate a complete industrial chain. Entrepreneurial companies have time to grow, and also bring a lot of venture capital opportunities.

Independent judgment and prospective layout

"Independent judgment is very important," Zhang Hui said. "We don't need anyone to tell us what the tuyere is and what is valuable. We always adhere to the hard technology, carry out a series of layout in the field of advanced manufacturing, build cognitive barriers, and finally come to the wind. "

In the past two years, the hot commercial aerospace industry is one of the key industries of China Science and technology chuangstar. It has invested more than ten enterprises in this field, such as Jiutian MICROSTAR, micro nano star, China Science aerospace, and Tianqing aerospace. Zhang Hui said that the commercial aerospace field can be divided into infrastructure construction and application, but the investment logic behind them is completely different.

In the field of infrastructure, China Science and technology Chuang star has invested in launch site, rocket, satellite, measurement and control, components, ground receiving equipment and other subdivided track, which is almost the whole industry chain layout. Zhang Hui said that in selecting such projects, we should choose entrepreneurs with relevant work experience and innovative spirit.

"Therefore, those who are engaged in aerospace engineering must have a high level of safety and technology. At the same time, the spirit of innovation is also very important. In the end, it can only lead to vicious competition among enterprises. We need differentiated products within the system to really have market value. " He said.

At present, the layout of China Science and technology innovation star in the infrastructure has been basically improved, and the organization is strengthening the layout in the application side. Zhang Hui said that the application side has completely different requirements for entrepreneurs, and the real core point is "using". This requires entrepreneurs to get rid of manufacturing thinking, production thinking and technological thinking. They need to have customer thinking and business thinking, and truly understand the needs of the industry, market and customers, so as to truly create value.