硬科技“面壁者”——记中科创星科技投资有限公司创始合伙人米磊

Core Insights - The article highlights the journey and investment philosophy of Zhongke Chuangxing, a venture capital firm focused on hard technology, emphasizing the importance of imagination, determination, and long-term commitment in the investment process [1][2][4]. Investment Philosophy - Zhongke Chuangxing has invested in over 540 hard technology companies, managing a fund size exceeding 14 billion yuan, positioning itself as a leading player in the venture capital market [1]. - The firm operates under the "ESK value investment philosophy," which prioritizes economic, social, and knowledge value, allowing for investments that may not yield immediate financial returns but contribute to societal progress [3][12]. Investment Strategy - The company has maintained a consistent investment pace, with over 70 investments totaling more than 1.8 billion yuan in 2024, reflecting confidence in China's hard technology sector [2]. - Zhongke Chuangxing focuses on "cold" sectors that are often overlooked, such as photonics and quantum computing, believing that lower competition in these areas reduces overall risk [7][8]. Long-term Vision - The firm emphasizes the need for patience in hard technology investments, often requiring 5 to 10 years to see significant results, and has supported projects even when immediate returns are not evident [10][12]. - Zhongke Chuangxing aims to transform "green apples" (early-stage projects) into "red apples" (mature projects) through proactive incubation and support [11]. Market Position - The firm has successfully navigated the venture capital landscape, avoiding the crowded internet and consumer sectors, and instead focusing on scientific advancements and technological breakthroughs [6][8]. - Zhongke Chuangxing's investments have led to significant successes, such as the IPO of Yuanjie Technology, validating its long-term investment strategy [6][9].