The China Innovation and Entrepreneurship Competition (Guangdong Division) and the "Pearl River Angel Cup" Innovation and Entrepreneurship Competition have entered their fourth year.

Nanfang Net News (Reporter Liu Yanqiu) The summer of 2015 is destined to be fruitful. The China Innovation and Entrepreneurship Competition (Guangdong Division) and the "Pearl River Angel Cup" Innovation and Entrepreneurship Competition have entered their fourth year. Enterprises that have entered the semi-final stage are competing for places in the finals in full swing in eight sub-divisions. How is the development of the "Pearl River Angels" who returned triumphantly in last year's competition?

In late July, Guangdong Productivity Promotion Center visited Panyu District Listing Office and Guangzhou Productivity Promotion Center respectively, and had heated discussions with more than ten participating companies last year. The reporter learned that last year's participating companies have achieved fruitful results in the fields of intellectual property rights, technological products, outstanding talents, and corporate benefits. During the discussion, the participating companies hope to obtain more investment channels through the competition and solve the financing difficulties in the early stage of entrepreneurship , and hope to obtain more professional competition guidance, and achieve more excellent results in the platform of the Innovation and Entrepreneurship Competition.

One year into the competition: Preparing to go public and doubling the valuation of the company

For the participating companies last year, it is particularly important how to convert the excellent results achieved in the competition into capital for long-term development. It is of great significance for the future development of the company to expand the company's popularity while competing, exchange experiences with more participants, get feedback and guidance from different judges, and win the favor of financing institutions.

The reporter learned from the Listing Office of Panyu District that Guangzhou Baodan Medical Devices, Guangzhou Shizuo Environmental Technology Co., Ltd., Guangzhou Shisheng Electronics Industry Co., Ltd. and other companies are preparing to be listed on the New Third Board, and Guangzhou Huanfeng Energy Technology Co., Ltd. Complete the listing on the New Third Board, and strive to exceed 1 billion yuan in turnover within three years.

Zhang Junfeng, chairman of Guangzhou Supersonic Automation Technology Co., Ltd. told reporters that within one year after the competition, the turnover of Supersonic has increased from more than 20 million to more than 40 million, and has been favored by more than 20 venture capital companies. And it has obtained more than 10 million equity financing, and the total number of people in the company has also exceeded 100, including 50 technicians and more than 20 engineers. "After the company's popularity has increased, the process of the company's introduction of talents from large companies has become very smooth. At present, the company's overall valuation has doubled compared to last year, and it is full of confidence in the future development of the company," Zhang Junfeng said.

Voice of the enterprise: looking forward to "more financing channels + more professional competition counseling"

"We sign up for the competition not to win awards, but to learn and accumulate more experience and get more professional guidance in the training meeting and competition, which will benefit us in the long run. Of course, the project must be able to win The favor of the judges and investment and financing institutions is even better." This is the voice of many participating companies.

The reporter learned from the Guangzhou Productivity Promotion Center that Guangzhou Diqi Pharmaceutical Technology Co., Ltd., Guangzhou Jiaqi Intelligent Technology Co., Ltd., Guangzhou Jinjian Testing Technology Co., Ltd. and other companies have financing difficulties to varying degrees.

"The company has been in business for 4 years, and won the third prize in the competition last year before it received financing from Yueke Financial Group. As a biomedical company, the initial R&D cycle was long and the income was low, and the financing channels were not smooth. I hope that the relevant departments can reduce the high-tech enterprises. The financing cost is reduced, and an annual reward of 2 million will be given to leading overseas returnees.” Zhang Ling, deputy general manager of Guangzhou Diqi Medical Technology Co., Ltd., suggested at the seminar.

In addition, the relevant person in charge of Guangzhou Shisheng Electronics Industry Co., Ltd. told reporters that last year Shisheng won the Excellence Award in the national competition through the flagship product "room controller", but during the first competition, due to the lack of understanding of the business model There is little understanding, and there are certain difficulties when making reports. Diqi Pharmaceutical said that it was the first time to participate in the competition last year. Since it did not receive professional counseling before the competition, it only focused on the innovation in the professional field of "sustained release technology" in the report, and did not take into account the public judges and venture capital. The acceptance level of the organization focuses on "innovation" and ignores the relevant elements of "entrepreneurship". The participating companies are eagerly expecting that the organizing committee can organize a professional team to provide centralized guidance to the participating companies.

Face-to-face Q&A with financial institutions and enterprises

In this return visit to the participating companies, the Guangdong Productivity Promotion Center not only listened to the voices of last year’s participating companies, but also invited relevant persons in charge of Zhongke Merchants, Hua Xia Bank, and CapitaLand Technology Venture Capital Co., Ltd. to communicate face-to-face with the companies. Answer questions on the spot.

The organizing committee of this year's competition has provided more generous support measures for outstanding participating companies and teams, not only free innovation and entrepreneurship funding, but also a package of comprehensive technology and financial services, Huaxia Bank Guangzhou Branch, Guangdong Software Science Park, etc. will provide Strong support to help outstanding companies and teams obtain the "nutrients" needed for development and growth. The relevant person in charge of the corporate department of Huaxia Bank Guangzhou Branch told reporters that Huaxia Bank launched the special product "Huaxia Kerongtong" this year. For participating companies, they will provide credit intentional financing under the premise of complying with Huaxia Bank's loan policy, and the top ranking The winning participating companies provide preferential policies.

It is understood that as of July 1, 2015, a total of 1,249 companies and 804 teams in the Guangdong competition area have signed up for the competition. Both the number of company registrations and the number of team registrations ranks fourth in the country. Mass entrepreneurship and innovation are in the Pearl River Delta. The region continues to grow.