Von der Startup-Campus des Xiamen University Torch High-tech Zone aus betrachtet: Die Langfristigkeitsorientierung des Xiamen High-tech Investment Co., Ltd.
In May 2025, the recruitment channel for the 2025 Xiamen University Torch Entrepreneurship Growth Camp and Nanyang Qiang Entrepreneurship Camp (hereinafter referred to as the "Xiamen University Torch Entrepreneurship Camp") was officially opened. Co - initiated by Xiamen High - tech Innovation Angel Venture Capital Co., Ltd. (hereinafter referred to as "Xiamen High - tech Investment") and Xiamen University, the Xiamen University Torch Entrepreneurship Camp recruits early - and mid - stage hard - tech projects nationwide, focusing on six hard - tech fields, including advanced manufacturing, new energy, new materials, semiconductor sensing intelligence, biomedical and medical, and electronic information.
Founded in 2019, the Xiamen University Torch Entrepreneurship Camp has gone through a six - year development process and has discovered benchmark projects in the hard - tech field, including Teyi Technology, Guoke Information, Zhongcai Hangte, Yuanneng Technology, Haomo Zhizao, Shengdongwei, Qingpai Technology, and Zhongke Xifu.
Lin Zhichao, the chairman of Xiamen High - tech Investment, emphasized that the Xiamen University Torch Entrepreneurship Camp has always adhered to its original intention of establishing a platform that can truly solve problems and help hard - tech entrepreneurs grow. This year, the resources of the entrepreneurship camp have been continuously upgraded, improving the five - dimensional linkage of "industry, academia, research, application, and finance", and integrating the resources of Torch High - tech Zone, Xiamen University, listed companies, and professional media. At the same time, on the basis of continuing the mechanism of "scholarship + direct investment", a 1 - billion - yuan Xiamen Torch Science and Technology Achievement Transformation Fund has been established to build a complete capital matrix from concept verification to large - scale mass production.
The Xiamen University Torch Entrepreneurship Camp is a concrete manifestation of Xiamen High - tech Investment's 12 - year commitment to "investing in early - stage, small - scale, and hard - tech projects", and it continuously validates its investment philosophy: focusing on breakthrough innovation technologies and investing in and cultivating future great enterprises. Looking beyond the current noise and resisting the temptation of "trends", it seeks hard - core projects with long - term development potential, focuses on real innovation and breakthroughs, and has the ability to lead the industry's technological development into a new era.
Holding high the torch of scientific and technological innovation, Xiamen High - tech Investment steadily navigates through the investment cycle, illuminating the broad future of hard - tech development in an uncertain era.
Igniting the Torch:
From Entrepreneurship Competition to Systematic Empowerment
This year, the Xiamen University Torch Entrepreneurship Camp has witnessed a new round of deepened cooperation and resource integration: continuing to cooperate with Xiamen University to accelerate the transformation of scientific research achievements from laboratories to the market; introducing listed companies in six major industries as track mentors to help projects solve practical problems such as market channels and supply - chain collaboration in addition to technical exchanges. In terms of financial support, in addition to continuing the mechanism of "10,000 - yuan scholarship + 5 - 10 - million - yuan direct investment", a new 1 - billion - yuan Xiamen Torch Science and Technology Achievement Transformation Fund has been established to meet the full - cycle needs from concept verification to large - scale mass production. In addition, this year, the entrepreneurship camp has introduced external media resources. By building a publicity matrix, it not only expands the camp's own awareness and influence and attracts excellent projects to join but also builds an external publicity and promotion matrix for enterprise development.
This round of resource upgrading is a firm continuation of the "public - welfare + practical - combat" gene of the Xiamen University Torch Entrepreneurship Camp.
The Xiamen University Torch Entrepreneurship Camp was born in 2019. At that time, entrepreneurship competitions were in full swing in the market. Xiamen High - tech Investment had keenly observed the homogenization dilemma in the "roadshow + competition bonus" model: competitions mainly served as a display platform, lacking long - term attention and systematic support for projects, while high - cost commercial training excluded many high - quality early - stage projects. At the same time, technical founders often focused on technological innovation and lacked knowledge of financing, financial planning, and management capabilities.
Based on a deep understanding of entrepreneurs and a strong demand for discovering potential projects, Xiamen High - tech Investment realized the urgent need to establish a public - welfare, professional, and practical - combat - focused entrepreneurship empowerment platform. Meanwhile, Xiamen High - tech Investment had rich resource accumulations, having established long - term and in - depth cooperation with many investment institutions, accounting firms, and law firms, and had gathered many senior mentor resources. The time was ripe, and the Xiamen University Torch Entrepreneurship Camp emerged as the times required. With its differentiated positioning of "pure public - welfare without charging project fees, focusing on the hard - tech field, and providing practical - combat courses", the Xiamen University Torch Entrepreneurship Camp opened a new paradigm for state - owned venture capital institutions to serve early - stage startups.
The series of courses in the Xiamen University Torch Entrepreneurship Camp are centered around "closed - door practical - combat training + investment evaluation guidance", inviting partners such as investment institutions, law firms, and accounting firms to build a service matrix. The entrepreneurship camp provides training in finance, taxation, law, intellectual property, equity structure, investment and financing for projects, and invites founders of invested listed companies and industry - leading projects as mentors to deeply guide startup projects, improve entrepreneurial awareness, and provide resource docking and experience sharing for early - stage projects. At the same time, the Xiamen High - tech Investment team conducts in - depth one - on - one investment evaluation guidance.
Different from the common "theoretical teaching" in entrepreneurship activities, the course design of the Xiamen University Torch Entrepreneurship Camp has always been problem - solving - oriented, truly teaching founders with a technical background the multi - dimensional abilities from technology to enterprise management: in the investment and financing module, institutional experts are invited to teach core skills such as valuation negotiation and design of earn - out clauses through case analysis, focusing on practical topics such as misunderstandings in writing business plans, control of equity financing rhythm, and listing paths in the capital market; in the legal and financial modules, courses such as intellectual property offensive and defensive strategies, practical design of equity structure, and tax planning and risk management are set up, and customized solutions are provided by partners of cooperating law firms and accounting firms, directly addressing the compliance shortcomings of technical founders; in the management ability module, cutting - edge management concepts such as "matrix - style organizational structure design" and "customer - demand - driven R & D" are introduced, and founders of invested listed companies are invited to share practical experiences.
The public - welfare and practical - combat - focused approach of the Xiamen University Torch Entrepreneurship Camp has been fully verified by the continuous growth of individual projects.
Liu Yao, the deputy general manager of Weikan Semiconductor, deeply felt this. Before participating in the entrepreneurship camp, Liu Yao was committed to product technology R & D and did not participate in the sales process. The experience in the entrepreneurship camp made Liu Yao realize that for a company to develop sustainably, it not only needs high - quality products as a foundation but also requires the founding team to be involved in sales management and customer service. After that, Liu Yao actively contacted customers and participated in sales practice. In the six - month process, not only did he successfully sign several strategic cooperation projects, systematically optimize the customer relationship management mechanism, but also established a real - time feedback channel for customer needs, providing important data support for product iteration and market strategy formulation.
In 2020, Yuanneng Technology joined the entrepreneurship camp. At that time, the company was in the early stage of development with a weak team structure and did not receive immediate investment during the camp. With the help of management training and resource docking in the entrepreneurship camp, Yuanneng Technology continuously optimized its product R & D and market strategies. After two years of development, the project achieved a key technological breakthrough, and Xiamen High - tech Investment immediately increased its investment. Now, the enterprise has gradually grown into a leading enterprise in the niche market.
Navigating the Cycles:
The "Changes" and "Constants" of Xiamen High - tech Investment
Behind the Xiamen University Torch Entrepreneurship Camp is Xiamen High - tech Investment's 12 - year commitment to "investing in small - scale, early - stage, and hard - tech projects".
As a wholly state - owned venture capital company under the management committee of Xiamen Torch High - tech Zone, Xiamen High - tech Investment covers the early and mid - stages of investment, focusing on hard - tech fields such as new materials, advanced manufacturing, semiconductor intelligent sensing, biomedical and medical, new energy, and electronic information.
In 2013 when Xiamen High - tech Investment was established, the domestic venture capital circle generally pursued trends such as consumer Internet and online education. Lin Zhichao recalled that in the beginning, Xiamen High - tech Investment also made investment attempts in the popular tracks of that year. Through continuous practice, Xiamen High - tech Investment "slowly thought about what kind of projects our company should choose".
Although hard - tech requires large investments and has a long cycle, once a breakthrough is made, it can generate huge value; only by truly focusing limited energy on breakthrough technologies can barriers be formed to navigate through cycles. Based on this insight, Xiamen High - tech Investment clarified its investment direction of "investing in and cultivating future great enterprises": identifying the current hype, taking long - term value as the core pursuit; not blindly chasing mainstream projects in the general sense, nor only focusing on project revenues, but truly seeking breakthrough innovations and the new models and possibilities they bring.
Facts have proved that this strategy has played an important role in the technological competition after 2020: with the global market fluctuating and internal and external impacts intensifying, the hard - tech projects invested by Xiamen High - tech Investment have shown strong vitality, and the investment results are remarkable. As of the first half of 2025, Xiamen High - tech Investment has invested in 52 projects in total, of which 12 projects have been fully exited, 4 projects have been partially exited, and the remaining projects are growing steadily. Xiamen High - tech Investment has also entered a mature stage.
Accompanying projects to enter a new stage, Xiamen High - tech Investment's service model has been continuously evolving, expanding from single - investment to ecological empowerment. Relying on the policy advantages of Torch High - tech Zone, with a three - dimensional service system of "carrier support + policy docking + follow - up financing", it provides low - cost park carriers for manufacturing projects; at the same time, it coordinates the enterprise service department of its parent company to dock policies such as talent subsidies and R & D expense deduction; in terms of capital chain construction, in addition to direct equity investment, Xiamen High - tech Investment connects invested projects with bank credit loans through the "white - list" mechanism, providing multi - dimensional financial support to help enterprises solve capital problems at different development stages.
With the accelerating global technological development, new requirements are constantly being put forward for the technological foresight of investment institutions. During the investment process, Xiamen High - tech Investment has also faced situations where projects lacked development momentum in the later stage: the early - stage technological barriers were not high enough, and enterprises gradually lost their first - mover advantages during the development process. Therefore, Xiamen High - tech Investment has continuously optimized its evaluation models for technologies and corresponding projects to improve investment accuracy. Lin Zhichao emphasized that currently, Xiamen High - tech Investment's criteria for judging hard - tech are constantly being improved, expecting that the technological barriers of enterprises can withstand the risks of technological iteration in the next five years to ensure that the invested projects will still be highly competitive in the next cycle and aim for greatness in the future.
From a Spark to a Blaze:
The Persistence of Long - termism for the Future
For hard - tech startups, the Xiamen University Torch Entrepreneurship Camp is a crucial boost to cross the "valley of death".
Take Weikan Semiconductor as an example. Before participating in the entrepreneurship camp, Weikan Semiconductor was in the stage of transitioning from small - and medium - batch orders to large - scale sales after completing customer introduction for multiple product series. At that time, the lack of coordination between R & D and the market led to a high customer order loss rate. With the systematic support of the entrepreneurship camp, We