Shanghai Science and Technology Innovation Group "Dachang Ceyuan" carrier Chenyao Capital set sail, building a series of funds around three models.

On July 4th, at the first Medical Device and Pharmaceutical Innovation and Entrepreneurship Conference, Shanghai Guotou Company's Shanghai Science and Technology Innovation Group's first fund brand, Chenyao Capital, which carries the "large enterprise innovation" function, officially set sail. Qin Liang, general manager of Shanghai Science and Technology Venture Capital Co., Ltd., said in an interview with Securities Times reporters that Chenyao Capital, as a fund platform, will gradually establish a series of funds around three models. Among them, in terms of large enterprise mergers and acquisitions, the first merger and acquisition fund "Chenyao Xincheng" has been successfully established with a target total size of 1.1 billion yuan, and the first target merger transaction has been completed; in terms of large enterprise exports, it will jointly establish funds with leading enterprises, strip off the products and pipelines under development by large enterprises, establish independent project companies, jointly empower the development of project companies, and expand and strengthen after independently listing or being bought back by large enterprises; in terms of large enterprise incubation, it will pre-position a group of small enterprises around the current pipeline and technological needs of large enterprises, emphasizing the synergy between new technologies and products and large enterprises.