创投机构的“在地投资”实践：毅达资本如何助力昆山科创升级

Core Viewpoint - Kunshan is transitioning from an "industrial strong city" to a "technology innovation strong city," focusing on high-end equipment, biomedicine, and new energy industries while promoting traditional industry transformation and strategic emerging industry cultivation [1][2] Group 1: Investment Strategy - Yida Capital has established a local presence in Kunshan, forming a 10-member team and collaborating closely with local state-owned platforms to jointly invest in projects [2][5] - Since 2005, Yida Capital has invested in 29 technology projects in Kunshan, with a total investment of 1.7 billion yuan, including 1.164 billion yuan in the last four years [7][9] - Yida Capital has set up four funds in Kunshan, with a total scale of 2.037 billion yuan [5] Group 2: Mechanism Innovation - In 2023, Yida Capital, in collaboration with local state-owned enterprises, established a localized GP company named "Kunshan Yucheng," achieving comprehensive localization from funding to mechanisms [5][10] - The partnership with Kunshan Chuangkong has shifted the investment model from "government funding + institutional management" to "mechanism co-construction + shared responsibilities" [10][14] - Yida Capital's approach emphasizes understanding the needs of different local government levels, facilitating collaboration between state-owned and market forces [10][13] Group 3: Economic Impact - The investment strategy has led to industrial synergies, such as accelerating capacity construction and optimizing processes for invested companies [9][10] - Yida Capital's investments have attracted projects like Yiwai Co., Mouteng Light, and Guanhua New Materials to Kunshan, creating a reverse investment loop [10] - The unique culture of Kunshan, characterized by a willingness to innovate and take risks, supports the flexibility of its mechanisms and is seen as a valuable asset for business operations [14][15]