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Introduction: the grand kicking off ceremony for “Zhejiang University Zijingang Future Innovation Parent Fund” with a size of ten million which was co-founded by two ZJU alumni enterprises, i.e. ZSVC and Zijingang Capital, jointly with Zhejiang University Yuanzheng Group was held on Dec. 18th.
On Dec. 18th, Zhejiang University Zijingang Future Innovation Parent Fund Alumni Meeting was grandly held in Zijingang Campus of Zhejiang University. The Vice President of Zhejiang University Hongjian Zhang, the Assistant of President Meifeng Zhang and the Secretary General of Alumni Association Wei Hu, the Deputy Director of the Finance Office of Zhejiang Provincial Government Chuntian Bao, the Deputy Secretary of Yuhang District Party Committee and Deputy District Director Rugen Chen and other relevant leaders presented at the activity. Approximate 200 chief executives of listed companies related to Zhejiang University, big shots of investment institutions and outstanding entrepreneurs gathered together to co-witness the kicking off ceremony of Zhejiang University Alumni Parent Fund.
Picture: Deputy President of Zhejiang University Hongjian Zhang is Delivering Speech
Chairman of ZSVC Yuemeng Chen pointed out in the theme speech that ZSVC has unswervingly supported innovation and entrepreneurship since its established and has been the title sponsor of Zhejiang University Alumni Entrepreneurship for many consecutive years. ZSVC has been so active in advancing the initiation and establishment of the fund because it is of great significance. It can not only effectively unite the force of the alumni and help more alumni in entrepreneurship and innovation, but can also better build the development community between Zhejiang University and alumni by establishing the long-term supportive mechanism for alumni development to realize win-win development of various parties.
▲Picture: Chairman of ZSVC Yuemeng Chen is Delivering Theme Speech
Zijingang Capital was co-established by many alumni of Zhejiang University. As the Chairman of the company, alumnus Jun Chen knows well about the influence of alumni economy. He pointed out that many alumni of Zhejiang University have received support and assistance from senior alumni and alumna and their teachers. Through the alumni parent fund, we hope that such support will be more systematic and efficient. In addition, we hope to explore the long-term mechanism for the alumni to back-feed the alma mater through the parent fund. The earnings from the parent fund will be partly used to support education scientific research of Zhejiang University by means of donation. Based on the average market revenue, the parent fund will annually provide large sum of donation for the alma mater.
▲Picture: Chairman of Zijingang Capital Jun Chen is Delivering Theme Speech
The Deputy Director of Yuhang District indicated that Yuhang District Party Committee and District Government will go all out to support the construction of Zhejiang University Alumni Parent Fund and give capital support. He also hoped that the Future Science and Technology City will become a hot land for entrepreneurship for alumni of Zhejiang University.
▲Picture: Deputy Director of Yuhang District Rugen Chen is Delivering Speech
The Co-founder and Executive President of ZSVC Yeyu Hua chaired the special discussion on “How to build development community for alumni of Zhejiang University and the Alma Mater” .The founding partner of Oriental Fortune Capital and the Initiator of Zijingang Capital Houbo Cheng, the Chairman of Hik Vision Zongnian Chen , the Deputy Editor-in-Chief of the Paper News Hongwei Hu, the Chairman of Hangzhou Hi-tech Investment Kaibing Zhou, the Deputy Editor-in-Chief of Xinhua News Agency Zhejiang Branch Yibo Fang, the Chairman of Shanghai Zhejiang University Alumni Association and the Vice Chairman of the Board of Directors of Shanshan Group Haiping Hu, the Chairman of Hangzhou Hi-tech Investment Kaibin Zhou, the Chairman of Panshi Ning Tian and other alumni participated in the forum and had a wonderful dialogue on the trend of entrepreneurship among alumni of Zhejiang University and on how to build alumni development community that is conducive to the country, the university, the students and the enterprises.
▲Picture: The Site of the Forum
Zhejiang University Zijingang Future Innovation Parent Fund will reach a size of RMB 12 billion Yuan with the next five years. The purpose of the parent fund is to increase the connection between entrepreneurship and VC alumni of Zhejiang University, integrate the industry-education-research resources of Zhejiang University, assist entrepreneurship and VC alumni to achieve better development, improve ZJU’s reputation as innovation and entrepreneurship university and build the joint development community between the alumni and university based on university motto of seeking the truth and by means of entrepreneurship and VC.
Zhejiang University ranks the first among all universities in China in respect of ratio of graduates as entrepreneurs. The alumni of Zhejiang University has found or managed more than 100 listed companies. Also, Zhejiang University ranked the first in number of alumni in the Alumni Rich List released by Hurun Top 100 Rich List for the first time this year, with total 38 alumni on the list.
