V-Test(SH:688372) 2 1 Shi Ji Jing Ji Bao Dao·2025-07-25 07:51Group 1 - Changshi Capital announced the completion of its hard technology Phase III fund with a total of 728 million yuan raised, supported by university funds including those from Huazhong University of Science and Technology and University of Electronic Science and Technology [1] - The trend of universities establishing mother funds and leveraging alumni resources is accelerating the transformation and industrialization of technological achievements, with "alumni economy" becoming a new link between innovation and implementation [1][8] - A collaborative mechanism involving universities, alumni, venture capital institutions, and local governments is gradually forming within China's technological innovation system, facilitating funding and pathways for early-stage projects [1][6] Group 2 - The national strategy in the semiconductor field has shifted from "inclusive support" to focusing on "small giants" in specific segments, reshaping venture capital institutions' judgment standards and empowerment paths for early-stage technology companies [2] - The first visit of the "alumni enterprise visit" series took place at Weicet Technology, which has become a benchmark in China's third-party integrated circuit testing service sector, showcasing the importance of alumni networks in resource connection and market access [3][4] Group 3 - Changshi Capital has been deeply involved in the hard technology sector and has successfully attracted support from local state-owned financial institutions and industry leaders for its Phase III fund [6][7] - The collaboration between universities and venture capital institutions is evolving into a four-party coordination mechanism that accelerates the industrialization of scientific research achievements [6][8] - The electronic engineering alumni association is exploring the establishment of early-stage angel funds to focus on key technology directions, promoting the incubation and industrialization of research achievements [8][9] Group 4 - The alumni association's activities have shifted from traditional large gatherings to more focused and resource-coordinated platforms, emphasizing the importance of passing on knowledge from experienced alumni to younger generations [8] - The exploration of mechanisms within the alumni association reflects a structural shift in the innovation ecosystem of universities from "research-led" to "implementation-oriented" [8][9] - The collaborative system being developed among universities, alumni, capital, and industry is crucial for the future growth of China's hard technology innovation ecosystem [9]