Begonia Funded Programs Awarded Places in Entrepreneurship Competition

The 9th China Innovation and Entrepreneurship Competition came to the final in Hangzhou after a two days' intense competition. Tianjin Yun Yao Aerospace Technology Co. Ltd and Hua Xin Intelligent Technology Co. Ltd. (Zhuhai city), capitalized by Peiyang Begonia Venture Capital Fund, a private equity fund founded by Tianjin University (TJU)'s alumni, ranked the top 12 among startups in the final.

The competition was held under the joint guidance of Ministry of Science and Technology, Ministry of Finance, Ministry of Education, Office of Network Security and Information Commission of the CPC Central Committee and All-China Federation of Industry and Commerce. After nearly a decade development, it has been an innovation and entrepreneurship competition featuring the largest scale and the most extensive coverage.

Tianjin Yun Yao Aerospace Technology Co. Ltd. founded by Li Fenghui, a doctor graduated from Tianjin University, aims to form a network of meteorological satellites and establish a real-time detection system in ionized stratum, thus promoting China's international influence in this field around the world.

While Hua Xin Intelligent Technology Co. Ltd. (Zhuhai city) taking the lead in the research and development of high-performance MEMS inertial chip and navigation modules, and its products are widely used in such fields as military equipment, aerospace and automatic driving technique.

Both of the companies were first invested by Peiyang Begonia Venture Capital Fund, who recognized their advanced technologies, sound entrepreneur and operation teams as well as their pioneering role in their respective areas.

The Fund, founded by TJU's famous alumni, has been dedicated to offer investment for excellent entrepreneurs, teachers and students from Tianjin University so as to advance the commercialization of their research findings and for the promising scientific and technological programs there. "Innovation will empower China's future development and the upgrading technology will present as a powerful force leading the world development", Liuyi, the founder of the Fund, said, "The people from the strong science and engineering university with over a century history, are active in all world-class technological fields. This round of investment boom offers unprecedented opportunities for Peiyang entrepreneurs with adequate strengths and advanced technology. We would like to be their first partner and help them transfer the technologies into valuable products or services."

Liuyi also mentioned Peiyang Begonia Venture Capital Fund's intended efforts to create an entrepreneurial ecosystem for TJU's alumni and form an entrepreneurial model of "Stanford Plus Silicon Valley" there. They hope to, centering on Tianjin University, build an Innovation and entrepreneurship base rallying 100 alumni enterprises and 10 unicorn companies.

By: Zhang Qingluan

Editor: Qin Mian