Core Insights - The article discusses the emergence of a "new era" in China's venture capital market, emphasizing the need for adaptability and trend alignment to seize opportunities amid uncertainty [1] Group 1: Event Overview - The WAVES New Wave 2025 conference took place on June 11-12 at the Hangzhou Liangzhu Cultural Art Center, focusing on themes such as AI innovation, globalization, and value reassessment [1] - The event gathered top investors, emerging entrepreneurs, and experts in technology and innovation to explore future business ideals and the evolving landscape of venture capital in China [1] Group 2: Xiamen Torch High-tech Zone - Xiamen Torch High-tech Zone is a key driver of high-tech industry development in Xiamen and Fujian, ranking 14th nationally in the latest assessment [4][5] - The zone contributes to 40% of Xiamen's industrial output and 70% of its software and information industry, despite occupying less than 3% of the city's land area [5] - It is responsible for the construction of six trillion-yuan industrial chains, including software and information services, flat panel displays, and semiconductors [5] Group 3: Xiamen Innovation and Entrepreneurship Park - The Xiamen Innovation and Entrepreneurship Park, established to incubate high-tech SMEs and facilitate technology transfer from universities, has evolved from its original focus on overseas scholars [7] - The park currently supports over 3,500 enterprises, with more than 1,000 graduated companies, including 9 listed firms and 430 national high-tech enterprises [8] - It has built a comprehensive service platform offering technical, financial, and human resource support to startups [8][9] Group 4: Collaboration with Xiamen University - Xiamen University has initiated the "Xiamen University Torch Growth Camp" to enhance collaboration between academia and industry, focusing on technology transfer and innovation [11] - The program has expanded its reach to 43 cities and 123 universities nationwide, aiming to identify high-quality projects for incubation [11] - The university leverages its research capabilities to support local industries, particularly in hard technology fields [12][13] Group 5: Investment Initiatives - The Xiamen Torch Entrepreneurship Camp has established a 1 billion yuan technology transfer fund to promote the commercialization of university research [17] - The fund targets projects emerging from university research teams, focusing on sectors such as biomedicine, semiconductors, and new materials [17] - The camp emphasizes practical training and resource connectivity, offering free programs and scholarships to participants [15][16]