Venture lit Jiangxi ten billion LED industry opportunities

At present more and more Jiangxi enterprises or entrepreneurs are concerned about venture capital. However, there are many companies know little about venture capital, or the attitude of doubt. In order to deepen understanding of the role of venture capital in the development of enterprises, the author interviewed the Jiangxi latticepower executive vice president Wang Min, the story of a laboratory product turned famous enterprises, led to the formation of an industry group, and the "light" Jiangxi billion yuan LED industry base of the true story.

Promising product insurance can not find investment

According to Wang Min introduction, Nanchang in the LED industry has a profound industrial technology accumulation. Nanchang University Professor Jiang (now latticepower chairman and CEO) began to do research on LED from 1994. 2000, in order to years of research and development of products to the market, when Wang Min and Professor Jiang looking for investors.

At that time, looking for a variety of investors, all the time that the money may have been linked to the place. Because the product is still in the laboratory stage, the prospects are good, but there are considerable risks. In the face of this technology in the laboratory, the majority of entrepreneurs, investment institutions have retreated, resulting in the production of the product was delayed.

Several broken equipment invested heavily

"A chance to talk about the project with Pan Xiaofeng, one of Jinsha River's partners, who is more interested in the project." Wang Min told the author, looking at many investors is blocked, he finally felt a little dense willow trees and bright flowers.

In 2001, Pan Xiaofeng came to Professor Jiang's laboratory, which is a very old laboratory. According to Pan Xiaofeng, is "a dark place, a few broken equipment, available such conditions made so good results, that Professor Jiang R & D team, strengthen investor confidence.

By 2004, Professor Jiang's team had a breakthrough in the LED line. By 2005, experts invited to Jiangxi venture capital at least 50 times, once for about a week, after repeated communication, finally get to Jinsha River venture capital based thatjoint investment of $52 million investment.

Crystal energy photoelectric ignite ten billion yuan LED industry

Venture capital can help the success of the photoelectric, in Nanchang equivalent to ignite a fire LED, Jiangxi province to build 10 billion of the LED industry base, VCs will play an important role. Wang Min said that the current Jinsha River venture capital has its important investment direction, as the LED industry concentration, plus latticepower as the upstream leading enterprises appeal, put these together to build industrial park in Jinsha River, Jinsha River and the investment driven investment projects will reach 10 billion. Also want to attract a large number of foreign enterprises to enter the LED Industrial Park, the crystal photovoltaic industry, such as LED bigger, this technology is really a world-class technology industry alliance.