Venture Capital Storm Hits Beijing: Fosun's 'InnoStar Global Innovation & Entrepreneurship Competition' Concludes with Xiaozhutong Crowned Champion

On August 18, 2016, the Beijing leg of the 2nd Fosun “InnoStar” Global Innovation and Entrepreneurship Competition, hosted by Fosun Tonghao Capital and Yunji under the Fosun Group and co-organized by Weilian and VCBeat, successfully concluded.

The “InnoStar” Competition is a global innovation and entrepreneurship contest hosted by Fosun Group.This competition adopts a “regional division + online” model for project solicitation and selection. The Beijing leg marks the first of the eight major city-based regional divisions across China. From August to October, the regional divisions will delve into these eight major cities to identify high-quality entrepreneurial projects. Ultimately, the Top 10 projects from all entries (through both “regional division + online” channels) will converge at the Fosun “Star Future InnoStar” Global Innovation Conference & Entrepreneurship Competition Finals in November.

The Must-Attend Startup Competition in the Second Half of 2016

After three hours of pitch reviews, Xiao Zhutong (a SaaS provider for intelligent cross-border import supply chain collaboration) emerged as the champion at the Beijing stop. The startups that secured second and third place were TalentSeer (an AI- and social graph-based social recruiting platform) and Mobao Weike (a provider of clinical informatics solutions). The top three winners will receive a startup service package provided by WeiLian, and the champion will qualify for the grand finals.

Champion of this Event: Xiao Zhutong

Qiao Jiying, Managing Director of Fosun Tonghao Capital, delivered the opening remarks and shared insights on the topic “Investment Opportunities in a Capital Winter.” Qiao stated that the “winter” represents a rational recalibration for entrepreneurship and investment. She advised participants in the investment and startup community to identify potential opportunities within market cycles and introduced Fosun’s investment philosophy to the competing teams, guests, and professional attendees present at the event.(P.S.: This account will share the original PPT of Qiao Jiying’s speech with everyone tomorrow. Please stay tuned!)

Qiao Jiying, Managing Director, Fosun Tonghao Capital

The event invited prominent investors, including Yu Jianan, Investment Director at VCBeat; Wang Yi, Director at Legend Star; Huang Jingjing, Investment Director at BlueRun Ventures; Dong Mifang, Vice President of Medical Investments at Yoyin Capital; Qin Jie, Founding Partner at Yun Angel Fund; Wang Xuemei, Partner at InnoAngel Fund; and Lu Hai, Partner at Sanxing Capital, to serve as guest judges.

Special Acknowledgments: Weimao provided conference support

Partners of the Startup Service Package: AnG | Alibaba Cloud | NetEase Yunxin | UCloud

Fosun Tonghao is a venture capital fund under Fosun Group. Leveraging Fosun Group’s industrial resources in the fields of health, happiness, and prosperity, it is committed to achieving significant growth together with innovative enterprises. Fosun Tonghao Capital focuses on investing in early-stage and growth-stage companies, covering areas such as big health, internet finance, andTMT, with angels,Pre-A、AThe Series A round is the main focus, with individual project investment amounts ranging from several million to tens of millions of RMB.

Shanghai Yunji Information Technology Co., Ltd., initiated and established by Fosun in March 2015, carries the strategic mission of “Mobile Fosun.” As the operational platform for Fosun’s internal strategic internet projects, it fully integrates Fosun’s headquarters, core enterprises, and global portfolio companies; seamlessly connects with various business, product, and technical resources across the Fosun Group; and comprehensively enhances product support and user experience throughout the Group, leveraging technology to drive the construction and growth of Fosun’s mobile internet ecosystem.

Looking to raise capital? Go to Weilian. Weilian is a social platform dedicated to entrepreneurship, used by over 400,000 founders. Currently, Weilian hosts more than 1,200 verified investors and over 400 renowned investment firms. It has listed 60,000+ projects, receives over 3,000 business plan submissions daily, and has helped more than 100 projects secure nearly RMB 500 million in financing.

VCBeat is a "Future Healthcare" service platform. Its core clientele comprises entrepreneurs in innovative fields such as mobile health, wearables, big data, artificial intelligence, genetic engineering, and sensors. By leveraging four key service pillars—industry research, media communication, investment and financing, and industrial resource integration—VCBeat employs multidimensional service units to provide comprehensive support to entrepreneurs.

Registration for the Shenzhen Station (September 1) is now open. Please click hereRegister for the Competition。