ESK价值投资理念
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继续陪企业长跑
Xin Lang Cai Jing· 2026-01-03 22:20
"我们脱胎于科研院所,见了太多高科技成果论文一发、专利一申请,就束之高阁的情况。"将那些"锁 在柜子"里的高科技成果转化为现实生产力,支持中国科技创业之星,这是李浩他们的初衷,也是"中科 创星"这一名称的由来。 理想很丰满,现实很骨感。在互联网大潮风起云涌、不断创造暴富神话的年代,投资圈热衷的是快和 热,几乎没人看好又慢又冷的硬科技。还有人直接问李浩:你现在投的这些硬科技企业,什么时候能上 市?他答不上来,"因为项目还处于早期,陪跑十年八年是常态"。 的确,孵化意味着超乎寻常的耐心,硬科技项目孵化尤其如此。有些很有潜力的企业,直到多年后或准 备做IPO时都没有实现盈利,当年决定投资时的情况可想而知。对此,李浩看得很开,"在孵化的过程 中我们支持了该支持的人和企业,至于它五年还是十年后再上市,我们没那么迫切"。 窄边眼镜、蓝色休闲西服,视频连线那头的中科创星创始合伙人李浩,还是那身常常出现在公众视野里 的标志性装束。问及2025年取得哪些成绩,他迟疑片刻,打了个比喻:"我们是早期硬科技投资机构, 做的事就像撒种子,今天问哪一粒种子长成参天大树,还为时尚早。" 这种"十年磨一剑"的长期主义,在投资圈里显得有点"不 ...
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
Jing Ji Ri Bao· 2025-09-28 01:10
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].
这家VC,批量打造“冠军”企业
投中网· 2025-04-07 05:45
将投中网设为"星标⭐",第一时间收获最新推送 我了解到的情况是,他们都属于第九期"中科创星·硬科技冠军企业创业营"学员。在过去一年的时间里,他们在中科创星的组织下,从"最牛风投城 市"合肥启程,又在上海、福州、成都及云南深入学习,最终在"硬科技之都"西安完成"硬科技创业者第一课"。 这种面向硬科技创业者的盛会,已经持续了数年之久。早在 2015 年,中科创星便设立了硬科技冠军营,想通过免费的系列课程、多样化的活动等形 式,帮助科学家成长为企业家,培育一批具备全球竞争力的硬科技冠军企业,助力推动国家科技自立自强。 中科创星坚持做这件事背后的逻辑是:在科技成果转化的当前发展阶段,不少科技型企业的创业者由科学家转型而来。对于这部分创业者而言,急需与 公司发展阶段适配的企业家思维和技能,但是目前能提供此类优质服务的机构不多。 "即便不能通过硬科技冠军营把科学家都培养成企业家,但能让他们和职业经理人或商业合伙人达到和平共处、相互理解的状态,也是很大的进步。" 中科创星创始合伙人李浩告诉我,"而从长远来看, 理想的状况是,科学家直接把专利技术转让给科技型企业,由企业做产业化的事,而科学家专注从 0 到 1 的科研工作。" ...