Deng Feng, A Venture Capital Investor Of Northern Lights: In An Uncertain Environment, There Is Still A Bright Future For Investment In Scientific And Technological Innovation

Among all kinds of uncertainties, is it still a good time to invest in science and technology and technological innovation?

Deng Feng, founder and managing director of Aurora Borealis venture capital, said that although the new crown pneumonia epidemic, Sino US trade friction and other factors have brought uncertainty to the short-term development of China's economy. But in the medium and long term, we are still very optimistic about China's economy.

"We are very optimistic about the industry we are engaged in - technological innovation and investment in scientific and technological innovation, whether in the short, medium and long term. Today, it is a great historic opportunity to make scientific and technological innovation and investment in China, and it is our good fortune to give us opportunities. " Deng Feng said.

Firmly optimistic about China's scientific and technological innovation

Deng Feng believes that the outbreak of the epidemic has brought changes and opportunities to the industrial pattern, while the changes in the international situation have enabled China to further strengthen local technological innovation and usher in a time point for local enterprises to accelerate their development.

"I have lived in both China and the United States for many years. I have also done business and investment in the United States. I am very firmly optimistic about doing scientific and technological innovation in China." Deng Feng said. First of all, innovation needs the market, and the Chinese market itself is very large. Second, China's local market has incubated a lot of innovative enterprises.

In China, many people feel that the opportunities of Chinese enterprises in the global market are decreasing after Sino US trade friction. But Deng Feng believes that after the outbreak, the global dependence on China's manufacturing supply chain may be greater. For example, in the field of medical devices, the medical devices produced in China now have considerable competitiveness in the global market. In the next five to ten years, I believe that Chinese enterprises will continue to have more and more shares in the global market.

At the same time, China's capital market is more open, the excellent performance of the science and technology innovation board, and the registration system reform of the gem. These policies are conducive to innovation and will inject new vitality into the market.

"If the society is stable and the market is mature, it's hard for you to find another opportunity. Investment and entrepreneurship are often due to changes, there are many asymmetric information and resources, which bring investment opportunities. There are still rapid changes in China today, which also bring a lot of opportunities. " He said.

Entrepreneurs should have experience, comprehensive ability and values

"There are several major types of innovation, and the future innovation that we value more is cross-border innovation." Deng Feng said. For example, in the field of medical devices and diagnostics, its innovations may include optical electromechanical devices, chips and materials, and then computer, artificial intelligence algorithm and some medical technology. It is very comprehensive, not a simple medical device is medical treatment.

What kind of entrepreneurs do venture capital institutions prefer? Deng Feng said that the first thing is to value the experience of entrepreneurs, especially in the field of science and technology. The experience of entrepreneurs in the industry is very important. But more important than experience is ability, which requires entrepreneurs with strong comprehensive ability, especially fast learning ability. With the growth of the enterprise, he can quickly improve his comprehensive ability in product, technology, marketing, finance, enterprise management, capital market management, etc.

What is more important than ability is the entrepreneur's values. Among them, the most important thing is whether the entrepreneur has an ideal which is bigger than the financial return, what is the original intention of the enterprise, and whether there is an increasing sense of responsibility with the growth of the enterprise. Whether entrepreneurs have a broad mind, when the enterprise has problems to bear their own, when there is honor to share with common partners, this is the embodiment of values.

In addition, Deng Feng also stressed that venture capital is not only finance, but also plays an important role in the development of the whole economy. Because what venture capital does is to concentrate resources to advanced productivity. This resource is first of all capital, but it is far more than money. When we find enterprises representing the future with professional vision and put money in, many other resources will flow up, including talents and good technology, and they will concentrate on higher quality enterprises, which fundamentally promotes the development of economy and industry.