Research Institute of Tsinghua University in Shenzhen (RITS) The University Venture of Tsinghua – A Case Study: RITS Renchen Liu Research Institute of Tsinghua University in Shenzhen (RITS) April 2017

Tsinghua University and its Venture System A Case Study: RITS

Tsinghua University est. 1911 in Beijing One of Top 2 in China, ranking #1 worldwide in engineering, China’s most important institution for fostering talent and scientific research Strong R&D Capability 4,639 SCI papers published 1810 patents granted, 530 PCT patent applications submitted US $ 675m research fund Technology Transfer and Venture Close combination of technology with industry and capital Active collaboration with regional government and businesses Pioneering exploration on international technology transfer Focused establishment of innovation ecosystems Over 604 alumni in Chinese Academy, over 30% of total since 1952, Over 400 alumni serving/served as university chancellors $674m research fund (2015) http://www.tsinghua.edu.cn/publish/newthuen/newthuen_cnt/about-th/about-1.html https://en.wikipedia.org/wiki/Tsinghua_University

Office of Technology Transfer From Technology to Industry Tsinghua University Local Research Institutes Tsinghua Holdings Office of Technology Transfer Support Information Technology, public safety, energy saving Integrated circuits, cloud Infrastructure Science parks, innovation services, finance Pharmaceutics, life sciences Media, education, publishing Planning and architecture Biomedicine, healthcare Finance ... … Regional General Institutes Specialized Institutes Research Institute of Tsinghua University in Shenzhen Research Institute of Tsinghua, Pearl River Delta Institute of Tsinghua University, Xiamen Yangtze Delta Region Research Institute of Tsinghua University, Zhejiang Industrial Development Research Institute in Beijing Institute of Tsinghua University, Hebei Suzhou Automotive Research Institute Wuxi Research Institute of Applied Technologies Hefei Institute for Public Safety Research Tianjin Reseatch Institute of Advanced Equipment Institute for Electronics and Information Technology in Tianjin Shanxi Institute for Clean Energy Research Energy and Internet Research Institute http://www.thholding.com.cn/index.php?m=content&c=index&a=lists&catid=91

Tsinghua Holdings Commercial platform of Tsinghua University Funded by Tsinghua University in 2003, total asset ~$43.53 billion (2016) A benchmark for industry-research-capital integration Industrializing scientific and technological research achievements Successfully commercialized over 40 national key research achievements, including many with international influence.

Research Institutes around China Started in 1996 in Shenzhen Regional Institutes: Research Institute of Tsinghua University in Shenzhen Research Institute of Tsinghua, Pearl River Delta Institute of Tsinghua University, Xiamen Yangtze Delta Region Research Institute of Tsinghua University, Zhejiang Industrial Development Research Institute in Beijing Institute of Tsinghua University, Hebei Specialized Institutes: Suzhou Automotive Research Institute Wuxi Research Institute of Applied Technologies Hefei Institute for Public Safety Research Tianjin Reseatch Institute of Advanced Equipment Institute for Electronics and Information Technology in Tianjin Shanxi Institute for Clean Energy Research Energy and Internet Research Institute 校地合作 http Active collaboration with 30 province-level administrative regions (out of 34) 103 cities / development zones Focuses: technology and innovation, talents, education, consulting, poverty reduction, etc. ://en.thholding.com.cn/2016-08/02/c_54652.htm

RITS Background Jointly established by Tsinghua University and Shenzhen Municipal Government in 1996 In charge of University-Local collaboration in South China An institutional organization, but runs as an enterprise The very first innovative R&D organization in China, together with other first ones The 1st Innovative R&D Organization 1996 The 1st to Establish Innovative Management System 1998 The 1st VC from Innovative R&D Organization 1999 The 1st Technology Finance Platform of Innovative R&D Organization 2009 这里添加说明 The 1st Overseas Innovation Centre of Innovative R&D Organization 2010

International Network RITS Innovation Eco-System Shenzhen Government Tsinghua University RITS R&D Platform Talents Training Investment /Incubation Technology Finance Innovation Base International Network Biotechnology New Energy Wireless Broadband Funds Management Financial Guarantee Optomechatronics Electronics &IT Post Doctoral Training Center Entrepreneurs Leaguer VC Qingyan VC Microfinance Finance Lease Hi-techPark Zhuhai Science Park Foshan Science Park Shunde Science Park Qingxi SParkcience Dongguan Centre D-Park US Centre EU Centre RU Centre DE Centre Technology Talents Capital Space Go Public Hi-tech Projects Startups Successful Enterprises M & A Grow Up

RITS Innovative R&D Platforms 研发是孵化企业的支撑 孵化企业是研发的目的 RITS Key Lab of Wireless Broadband Communication Key Lab of Wireless Broadband Network Technology Key Lab of EDA (Electronic Design Automation) Key Lab of Digital TV System Key Lab of Cloud Computing & Disaster Recovery Technology Key Lab of Low Carbon Energy Key Lab of Microelectronics and Intelligent Technology Advanced Composite Materials Research Center Advanced Semiconductor Laser Research Center Key Lab of Micro/nano Engineering Key Lab of Industrial Separation & Environment Protection Key Lab of Biomedical Materials & Implant Devices Key Lab of Advanced Energy Storage Materials & Devices Key Lab Traditional Chinese Medicine and Natual Medicine Key Lab of Optromechatronics Research Center for Wireless Broadband Communications Electronics & Information Technology Advanced Materials & Biotechnology Optomechatronics & Advanced Manufacturing New Energy & Envioronmental Technology 5 Chief Scientists in National Program on Key Basic Research Project; 4 Global Experts from Recruitment Program; 4 Guangdong Innovative R&D Team and Peacock Plans; 300+ full-time researchers; 328 patents filed , 192 patents granted, 67% are invention patents, ranked top in Guangdong; Commercialized and transferred over 150 technologies.

More than 80 postdoctoral students RITS Talent Training More than 80 postdoctoral students Postdoctoral Workstation—— Training Center for graduate students of Tsinghua University in southern China Postgraduate Training Base—— Courses in management, finance, entrepreneurship, etc., with turnover beyond £20m annually Executive/Business Training——

International Cooperation RITS Venture and Incubation Leaguer Group Specialized and market-oriented investment platform of RITS Incubated more than 1500 high-tech companies, 37 of which are listed Directly invest and manage 15 funds, total amount reached $1.02 billion, average IRR 30% Technology Finance International Cooperation Innovation Bases Innovation Services Investment and M&A Technology Industry Leaguer Group Leaguer’s Services Technology transfer Incubation & acceleration Post-investment service Education & Training Intellectual Property services Science Parks management Customized support Team forming Enterpreneur Club Technology commercialization Company growth Industry cluster Regional development Incubation Best practice THU & RITS’s resources External resources Internal resources

RITS Innovation Bases Innovation bases are important physical spaces of innovation services. They are for incubation, acceleration, training, management, government services and many more, cultivating a large pool of high-tech companies.

RITS Technology Finance Promote finance-powered technology transformation and financial system innovation Shenzhen Leaguer Technological Petty Loan Co., Ltd. Leaguer Intelligent Financial Guarantee Holding Co., Ltd. Shanghai Leaguer Financing Lease Co., Ltd. Shenzhen Leaguer Huarui EquityInvestment Fund Management Co., Ltd. Shenzhen Leaguer Financing Investment Co. Ltd Technology + Finance Package solution based on Tsinghua’s resources supporting high-tech companies Equity + Bond Adding value to companies through loans and investments

Nordic Office (2014, Stockholm/Helsinki) German Centre (2013, Cologne) RITS International Development North American Centre (2010, Silicon Valley) European Centre (2011, Oxford) Russian Centre (2012, Moscow) Nordic Office (2014, Stockholm/Helsinki) German Centre (2013, Cologne) East Coast Office (2016, Boston) Israeli Centre (2015, Tel Aviv-Yafo) RITS International technology transfer Cross-Border investment and M&A Cross-Border Acceleration and service

RITS International Development Intl Accelerator Oversea Capital Guidance Fund LPs RITS Cross Interaction Cross-Border Fund Cross-Border Acceleration Investment Abroad Investment in China Industry/Market Match-Making Growth Stage Tech Company Relevant Industry/Listed Company JV in China Expansion of Manufacturing and Market Organic Growth Expansion and Growth Accelerated Growth Investment IPO Exit Abroad Exit in China M&A Mature Tech Company M&A

Cross-Border Investment and Acceleration A Case Study A homeland security system company with good technology advantage based in Nordic Started in 2013 and A-round in 2015 Provides end users with a completely new capability of stand-off or walk-by screening for physical security applications How we help:- Invested in the company and have a board seat Matched a strategic leading corporate venture in China Conducting field trial of the product in China Planning to establish large scale manufacturing base in China Applying for government’s funding

Thank You!