On May 30, at Zhongguancun International Technology Trading Conference, an event of the 2023 Zhongguancun Forum, Beijing Beike-ZGC Development Group Qihang VC Fund was officially established. 

With the total size of 1 billion yuan, which will be executed in two phases, the Fund was jointly initiated and established by the Beijing Academy of Science and Technology, ZGC Development Group and the government of Changping District of Beijing.

The fund will focus on the upstream and downstream projects in the sectors of next-generation IT technology, intelligent manufacturing, new energy, new materials and more. It will mainly target early-stage projects, while also considering those in the growth and maturity stages.

Respond to policies like the Strategic Action Plan for the Construction of Beijing International Science and Technology Innovation Center During the 14th Five-Year Plan period, the Fund proactively engage with the major platforms of “three cities and one district”, including the Future Science City in Changping District, to foster a better innovation ecosystem and promote the commercialization of research achievements. 

At the event venue, Beijing Qihang VC Management Co., Ltd. entered into agreements with Ren Luquan's team on their bionic technology and human-like robot project, Academician Dai Qionhai's team on the new-generation sensing and computing integrated imaging chip project, Academician Zhou Chenghu on his spatio-temporal big data project, and Academician Li Yongdong on his third-generation energy storage converter project.

In the future, leverage the fund as a catalyst, the three founders will work together to support the construction of International Science and Technology Innovation Center in Beijing, making more significant contributions to China’s high-quality development and its ascent as a global science and technology powerhouse.