On April 17th, the "Venture Capital Think Tank Industry Line - Into Jinniu District" to explore the development trend of the aerospace industry and investment opportunities matchmaking meeting was held, and the industrial authorities, industrial functional areas, venture capital institutions, innovative enterprises and innovation platforms gathered together to give full play to the role of "helping enterprises with gold and developing industry with wisdom", focusing on the aerospace industry, jointly exploring the development trend and investment opportunities of the industry, and injecting richer financial support, market resources, industry networks and innovation vitality into the development of the aerospace industry. The event was guided by the Chengdu Municipal Science and Technology Bureau, and hosted by the Chengdu Productivity Promotion Center, Chengdu Angel Investment Association, Jinniuba Science and Technology Service Functional Zone Management Committee, Jinniu District Finance Bureau, Jinniu District New Economy and Science and Technology Bureau, and Jinniu International Investment Group.
Concentrate on the construction of "Star Half City".
Taurus lays out a trillion-level aerospace track
At the 2024 National "Two Sessions", commercial aerospace and low-altitude economy were written into the government work report for the first time, marking new opportunities for China's aerospace industry.
In recent years, Jinniu District has given full play to the polar core function of the western transformation center of advanced technological achievements and the main advantages of the aviation development chain, laid out the aerospace aviation development industry pattern of "one core, one park, multiple points and one district", and made every effort to promote the construction of strategic emerging industries and future industries to build a circle and strengthen the chain, accelerate the formation of "new quality productivity" of Jinniu intelligent manufacturing, and lead the "Star Half City" to accelerate the presentation.
According to reports, in terms of satellite Internet and satellite application industry, Jinniu District, as the main carrier of the industrial chain in Chengdu, has achieved very good results in promoting the high-quality development of the large aerospace industry, with 10 and 29 institutes of China Electronics Technology, Chengdu Branch of the Second Academy of Aerospace, Tianao Electronics, Rongwei Electronics has 5 chain main enterprises, of which 29 are the largest commercial satellite payload development units in China, 10 have the largest market share of time-frequency equipment in the country, and the PNT industry in Jinniu District has achieved an operating income of 26.319 billion yuan (in a leading position in the province). At the same time, it gathers public technical service platforms such as the Southwest Center of China Satellite Application Service Platform, Sichuan Satellite Resource Center, Sichuan Satellite Communication and Remote Integration Application Engineering Technology Center, Sichuan Geospatial Big Data Application Center, and 6 R&D institutions at or above the provincial level.
In terms of the UAV industry, Taurus has successively gathered more than 20 upstream and downstream enterprises in the industrial chain such as Tengdun and AVIC UAV, and more than 20 upstream and downstream enterprises in the industrial chain such as Changkong Power, Jingyao Communication, and Wang Zixin Materials. Our region has significant advantages in the design and development of the upstream of the UAV industry chain, the manufacturing of flight, ground and mission payload systems in the midstream, as well as the application in the military field, which has successfully promoted the gathering and development of upstream and downstream supporting enterprises in this field. In terms of aero engine industry, relying on the leading position of Chengdu's aviation manufacturing comprehensive competitiveness ranking second in the country, the aero engine industry in Jinniu District increased by 29.8%, with strong growth potential, with 1 quasi-chain main enterprise and 18 chain enterprises, and successfully introduced AECC Chengfa aero engine and gas turbine industry base.
"Aerospace Science and Industry Group and Jinniu District have a deep fate, and the Chengdu Branch of the Second Academy of Aerospace has landed in Jinniu and is developing very well. Zhang Kan, director and general manager of Aerospace Science and Industry Investment Fund Management (Chengdu) Co., Ltd., said that through cooperation and contact with Jinniu District, it was found that the policy of Jinniu District is a special bonus for start-ups and investment enterprises, which not only meets the core demands of enterprises but is also close to the market, and will consider more projects to land in Jinniu.
Financial empowerment
Venture capital institutions look for "China's Musk"
"Musk and SpaceX have made remarkable achievements, which have brought great inspiration to China's aerospace industry. In the theme sharing session, Yan Jia, Managing Partner of Jinsha Capital, shared the "Aerospace Industry Development Opportunities and Investment Strategies", introducing the current situation of U.S. commercial aerospace and the possibility of developing commercial aerospace in China.
The high-quality development of the aerospace industry is also inseparable from the support of industry and finance in the financial industry. Liu Yang, head of Chengdu Jinniu District Jiaozi Private Equity Fund Management Co., Ltd., said that Jinniu has a 1+3+N industrial fund system with a total scale of 54.2 billion yuan, including a number of provincial, municipal and district-level government investment funds, and the investment areas cover satellite Internet and satellite applications, industrial drones, aerospace industry, "Beidou +" and other key areas of the modern industrial system in provinces and cities, all-round and multi-dimensional help enterprises to innovate and develop, and increase market vitality.
At the matchmaking meeting, Sichuan Galaxy Hengyu Space Technology Co., Ltd., Hydrogen Aviation Technology (Chengdu) Co., Ltd., and Beijing Tiandi Yige Technology Co., Ltd. released project financing needs.
Sichuan Galaxy Hengyu Space Technology Co., Ltd. The company is a high-tech enterprise specializing in R&D, production and sales of core technologies related to missiles, guidance and control, and provides first-class technology and equipment for national defense as the company's core concept. In the field of low-altitude defense of unmanned aerial vehicles, the company has formed a cost-leading strategic advantage and differential competitive advantage through the industrialization of core technology, occupying a major share of the market, and becoming a core supplier of anti-UAV technology, products and services in the low-altitude defense market.
Through joint development between China and foreign countries, the project of Hydrogen Aviation Technology (Chengdu) Co., Ltd. brings together aviation technology and industrial resources from China, Europe and the United States to develop a zero-carbon, heavy-duty, long-range, low-noise vertical take-off and landing UAV application platform suitable for the global market.
The "Millimeter Wave Phased Array Detector R&D and Trial Production Base Project" built by Beijing Tiandi Yige Technology Co., Ltd. is a major industrialization project in Chengdu. In the early stage of the project, the research and development of silicon-based millimeter-wave phased array antennas and radar detectors will be carried out, and related automated production lines will be built in the later stage, and at the same time, the products will be continuously improved and the application of new models will be expanded. Up to now, the antenna and system testing laboratory and trial production center of the project have been gradually put into use.
The financing needs of a number of aerospace projects have aroused strong interest from venture capital institutions, and the response has been enthusiastic.
"At present, there are more than 440 financial enterprises of various types, relying on rich financial institution resources, Jinniu District has built a financial service system covering the whole life cycle of enterprises. Representatives of relevant departments of the Jinniu District Government said that in the first quarter of 2024, five industry and finance activities have been held, including a symposium on green financial services, a symposium on financial services for the aerospace industry, and a symposium on services for enterprises to be listed.
The transformation of scientific and technological achievements is inseparable from capital empowerment. Zhang Chi, director of Chengdu Productivity Promotion Center, said that he hoped that the launch of the "Venture Capital Think Tank Industry Tour" series of activities could further promote the agglomeration of scientific and technological innovation and entrepreneurship venture capital element resources to the industrial functional area, promote in-depth dialogue and cooperation docking, give full play to the role of venture capital institutions in "helping enterprises with funds and developing industry with wisdom", create a collaborative innovation system of "industry-university-research-fund" and help the cluster development of regional leading industries. (Shi Xiu text/photo)