On January 15, 2021, CR Capital Management, Shenzhen Angel Investment Guiding Fund and Great Vigour Capital held a kick-off meeting and development planning seminar at the China Resources Tower in Shenzhen for the Runxing Ruihua (Shenzhen) Sci-Tech Achievement Transformation Angel Investment Partnership. This Limited Partnership is hereinafter referred to as the “Sci-Tech Achievement Transformation Fund”. The Sci-Tech Achievement Transformation Fund was initiated and established by the above three parties. It was formed based on the concept of government support, social capital cooperation and the transformation of scientific research achievements. It focuses on early-stage investment in frontier technologies to form a portfolio of full life-cycle funds for CR Capital Management. The Fund will vigorously explore new technologies, industries and business models and develop new economic growth areas to promote technological innovation and development in the Greater Bay Area.
Relevant leaders attended the event. Attendees included Carl Qin, Tony Zhang and Rong Nie, who are the General Manager, the Chief Investment Officer and the Chief Talent Officer of CR Capital Management respectively, and Fuguang Mo, the General Manager of CR SZITIC Investment Co., Ltd. Other attendees included Xiaoxiong Yao, Xinjian Li and Xiangning Liu, who are the Chairman, the General Manager and the Deputy General Manager of the Shenzhen Angel Investment Guiding Fund respectively. Mu Du and Chengjun Wan, the founding partners of Great Vigour Capital, and Haiting Lu, the Head and General Manager of the Sci-Tech Achievement Transformation Fund, also participated in this event.
The Sci-Tech Achievement Transformation Fund will strengthen its cooperation with colleges and universities, scientific research institutions and technology companies. It will focus on niche areas, consolidate cooperation models and incubate early-stage projects in a programmed manner. The Fund will also fully coordinate with CR’s industrial resources and the local resources of Shenzhen Angel Investment Guiding Fund to assist CR Group in technological innovation and development and promote the development of Shenzhen’s tech entrepreneurship ecosystem.
