Find 100 Answers Chosen by Capital | Selection of the 2026 "Most Notable" Enterprises List Kicks Off

Produced by | 36Kr Venture Capital Research Institute

Written by | Luo Jing, Du Meng

When capital sheds its impetuosity and returns to rationality, when concepts give way to implementation, and practical results become the hard currency of the industry, when AI deeply reconstructs the industrial landscape and hard technology strengthens the foundation for the industry's development, the primary market in 2026 has entered a brand - new venture capital era dominated by real value.

As another wave surges, who is being noticed, and who is being bet on?

The market logic has been completely iterated: from blindly chasing hot trends to prudently planning for the long - term; from paying for capital stories to betting on technological barriers, business growth, and mature commercialization paths. The industry verifies with the most straightforward rules that what can win market recognition and survive economic cycles has never been the illusory capital bubbles, but solid core technologies, clear business closed - loops, and verifiable and steady growth.

From the perspective of technological trends, AI has long stepped out of the laboratory and deeply integrated into the industrial base. Large models, agents, embodied intelligence, and robots are all moving towards large - scale implementation; domestic computing power, algorithms, and data tools have achieved full - stack self - controllability. AI is deeply integrated with all industries, running out a replicable and profitable mature development path. From the perspective of capital investment logic, the industry has completely bid farewell to the extensive model of burning money for scale and shifted to strict evaluation criteria of verifiable revenue, quantifiable barriers, and sustainable growth. Funds continue to concentrate on high - quality enterprises with leading technologies, solid application scenarios, and successful commercial closed - loops.

Standing at the critical node of industrial reconstruction and value reshaping, 36Kr's "2026 Most - Noticed Enterprises List" officially starts the solicitation! "Most - Noticed" is not simply about traffic popularity, but the certainty of growth verified by both the market and capital —— it means more focus from top - tier investors, full - network exposure, and in - depth reporting opportunities, helping enterprises obtain authoritative industry certifications and finally stand at the core of industrial trends.

We will base on the perspective of investors, rely on professional industrial dimensions, and adhere to strict data standards to screen benchmark enterprises that can survive economic cycles and have long - term investment value, record the answers chosen by capital, and let more high - quality innovative enterprises and projects be noticed and seen!

Part 01 - Selection Settings

We are looking for two types of era targets that capital must pay attention to

"Top 100 Enterprises Most Noticed by Investors"

Select 100 unlisted enterprises with the most investment value in the whole year across all tracks and all stages. You can be:

Enterprises in the fields of hard technology, intelligent manufacturing, enterprise services, healthcare, new energy, new materials, consumer technology, and industrial Internet; start - ups with clear business models and remarkable data growth; those that have been endorsed by first - tier institutions or are starting the next round of financing; those that occupy a leading position in the segmented track or have disruptive innovation capabilities.

"Most - Noticed Artificial Intelligence/Embodied Intelligence Projects by Investors"

Focusing on the main AI channel, we are looking for benchmark projects with strong technology, practical scenarios, and successful commercialization. Including but not limited to:

Large models, small models, multimodality; AI infrastructure, computing power, algorithms, data tools; embodied intelligence, robots, autonomous driving, AI + industry applications; AI companies that can implement, deliver, and generate real revenue.

Part 02 - Selection Criteria

Use the logic of investors to select companies with real value

Growth Ability (25%): Revenue/order/user growth rate, business closed - loop and sustainability;

Technological Ability (25%): Core barriers, R & D investment, patents and innovation;

Capital Ability (20%): Institutional recognition, financing rhythm, and subsequent growth space;

Industrial Ability (15%): Scenario implementation, position in the industrial chain, and industry empowerment;

Influence (15%): Team background, track benchmarking, and long - term certainty.

36Kr's "2026 Most - Noticed Enterprises List"

Officially starts the solicitation!

Scan the QR code below to sign up!

Registration image for 36Kr's "Most - Noticed" Enterprises List

This article is from "AnYong Waves"