It has initially established an investment model that runs through the whole stages of enterprise Development, which leads the leapfrog development of the IoT industry and promotes the rapid development of sensors, IoT, information and communication technology industries.
Shanghai IoT VC Fund, founded by SIMIT and Jiading District People's Government in November 2010, got Emerging Industries VC Guiding Fund of National Development and Reform Commission (NDRC) and VC Guiding Fund of Shanghai. Focused on the construction of Shanghai IoT center and the industrialization base, Shanghai IoT VC Fund, acting as a capital link plays an important role. Through combination between industry and finance, The Fund supports mainly technological innovation-based enterprises in the fields of sensors, IoT, AI, etc. Up to now, the Fund has incubated a number of Corporate Champions, such as Leadcore Technology Co., Ltd., Shanghai QST Corporation Co., Ltd., SKYVERSE, Haidao Electronics, VeriSilicon Holdings Co., Ltd., and Shanghai Simgui Technology Co., Ltd. which promote the rapid development of IoT industry.
Meanwhile, the second-phase IoT VC Fund, Jiaxing Kewei Fund, Chongqing Kewei Fund have been established. After years of accumulation, the funds managed by the team has established an IoT Investment Ecosystem, which began to highlight industrial synergies.
As an important link of the collaborative innovation system of SIMIT, the IoT Fund carries out highly-efficient cooperation with the research institutions at all levels, incubation centers, and industrial bases of the CAS, so as to promote the effective linkage between innovation chain, industrial chain and capital chain. Through the integration of innovation resources, it provides comprehensive services to scientific and technological innovation oriented enterprises, making significant contributions to the development of the IoT industry and the regional industrial structure upgrading and economic development.