Entrepreneur & I Dark Horse News (Hu Yang) on January 13, the 14th Annual Entrepreneurship meeting sponsored by entrepreneur & I Dark Horse was held online with the theme of "based on specialization and insisting on severe verticality".

The annual meeting of entrepreneurs is broadcast live through Wechat video number, Venture Black Horse Nail account, Sina Finance and Economics, Securities Times, Sina Weibo Corp, Sina News, Daily Economic News, Oriental Fortune and other platforms. The total number of online viewers for the annual meeting is 1.8152 million.

At the conference, Ni Zewang, chairman of Shengchuang Investment Co., Ltd., was named "Investor of the year 2021".

Ni Zewang won the award: he is the leader of domestic RMB funds. The number of institutional investment enterprises and the number of listed investment enterprises rank first in the domestic venture capital industry. In 2021, they invested heavily in hard technology and new energy, with 26 investment companies listed in IPO. By the end of 2021, there were 206 investment companies listed in 17 capital markets around the world. "discovering and achieving great enterprises" is his mission.

Investment cases: Yiheda, Yingke Environmental Protection, Anlu Information, Shangtang Technology, Zhuhai Guanyu, Pan-Maritime Unification, Bielang, Common Pharmaceutical and so on.

After winning the award, Ni Zewang delivered a keynote speech on "how to seize opportunities for scientific and technological entrepreneurship in the era of scientific and technological innovation". He said: there is no shortage of opportunities in every era, and different opportunities will give birth to different entrepreneurs. Now, scientific and technological innovation has become the main theme of the times, start-up enterprises should integrate into the overall situation of national development, choose thick snow and long slopes, and be the wave riders of the new era.

The following is an excerpt of the speech edited by I Dark Horse:

Like everyone else, we have just had a busy 2021. Last year, the number of investment projects and listed companies of Shenzhen Venture Capital reached an all-time high. We held 252 investment committees, invested in more than 220 projects, and reaped new achievements in the successful listing of 26 invested enterprises. Deep Venture Capital has cumulatively promoted the listing of 206 enterprises. these achievements are inseparable from the struggle and innovation of entrepreneurs.

In 2021, we have witnessed many changes: the normalization of the epidemic has brought about the vigorous development of the digital economy, the platform anti-monopoly policy has created a new space for the survival of small businesses, and the establishment of the Northern Stock Exchange has attracted the attention of specialized and new enterprises, and so on. As we have seen for many years, where there is change, there are new opportunities. Venture capitalists in every era are investing real money in new opportunities and working with entrepreneurs to meet new changes.

The most noteworthy change in 2021 is unprecedented technological confidence. Our country's astronauts have entered our own space station to carry out space research; our controllable nuclear fusion has set a new world record; our scientists have broken through the technology of synthesizing starch from carbon dioxide; these events have shown us the scientific and technological self-confidence of the Chinese nation at the national level, thus stimulating a wider range of scientific and technological innovation and investment from top to bottom. After the efforts of several generations, China has the ability to create new technologies and innovate traditional processes on its own.

Judging from the number of enterprises raising funds in the entire capital market: last year's industrial and commercial change records show that of the 16000 Chinese enterprises that have raised funds, about 6400, accounting for 39 percent, are scientific research and technical services enterprises. In terms of the amount of financing, the amount of investment in the domestic primary market increased by 80 per cent in the first three quarters of last year. The injection of such a large amount of capital into China's science and technology and China's innovation is likely to bring about an industrial revolution driven by new technology.

Looking back at history, we can see that venture capital activities are closely related to the process of the industrial revolution. The rich and banks gave money to ships, railways, factories and so on, which accelerated the process of the industrial revolution. Especially since the venture capital industry was formed in the United States in the 1950s, the replacement time of scientific and technological innovation is getting shorter and shorter, and the evolution of industry and business is getting faster and faster, which is behind the huge supporting role of venture capital to innovation. the venture capital industry is actually the paving stone of the times.

The past few decades have been the hardest decades for the people in Chinese history, and the opportunities given at different stages have given birth to entrepreneurs of different styles. From feeling the stones and crossing the river at the beginning of reform and opening up, the one who has the courage can succeed, to the 1990s, many lean manufacturing entrepreneurs born as workers, and then to the Internet era of the millennium. a group of entrepreneurs invested in dollars have created the Internet era, and there is no lack of opportunities for innovation in every era.

Now, there are new opportunities for scientific and technological innovation, and scientific and technological innovation has become the main theme of the new era.

In the past, we missed the opportunity for development and failed to participate deeply in the previous major advances in human science and technology, while Western technology companies, led by the United States, seized the opportunity to develop technology and develop products for global users.

But in the new era, technological advances, the size and uniqueness of the Chinese market, make Chinese products more and more popular. For example, Chinese masks, vaccines and testing reagents are all needed by people all over the world, and even software for epidemic control has been ordered by overseas buyers. China's independently developed science and technology products, from materials and chips to equipment software and system services. A hundred flowers will blossom.

In the new era, the venture capital industry and the capital market should also keep up with the changes of the situation. under the background of limited listing channels, the scale of China's venture capital industry still needs to be improved. For example, the United States invested more than $100 billion in technology companies in 2020, reaching $144.3 billion. China's investment in technology companies in 2020 is about US $45 billion, ranking second in the world, but only a few thousand companies have actually benefited, compared with millions of science and technology start-ups. So those companies that are supported by venture capital are very lucky. In addition, the listing channel also needs to be broadened. Last year, the total number of Chinese enterprises listed at home and abroad was 645, which is only a little more than 1/1000 of the 399000 enterprises in the country, and those with successful listing are the lucky ones.

How can entrepreneurs of the new era become such lucky ones? What do we need to pay attention to on the way of starting a business?

First, science and technology entrepreneurship is an ultra-long track, which needs to pay attention to gradual financing, the pursuit of the quality of capital is better than the pursuit of valuation. The so-called capital quality is to find entrepreneurial partners or cooperative institutions that are suitable for you, and to find investment institutions that understand entrepreneurs, are professional and can accompany you for a long time.

Second, the funds raised, no matter how much, should be used step by step and should not be used up quickly. Under the normalization of the epidemic, it is necessary to reserve sufficient funds for emergencies. The economic environment in 2022 will be more complex, and cash reserves are needed to flexibly deal with risks.

Third, we should attach importance to talents and team building. It is necessary to design a long-term and short-term incentive mechanism to integrate diversified talents for the company. In this era, if we catch the talents, we will catch the future.

Fourth, start-up enterprises should be integrated into the overall situation of national development. We will do what the country needs and what the industry needs, which must be worth doing.