Recently, Shenzhen Municipal Bureau of Industry and Information Technology has issued a notice on soliciting potential unicorns in Shenzhen. The notice is as follows:
All relevant organizations:
In order to further implement the strategy of innovation driven development, develop the “20 + 8” industrial cluster in the city, and focus on supporting and fostering a batch of enterprises with “hardcore” technology, and potential for an explosive growth, according to the requirements of documents such as “Implementation Scheme of Shenzhen for Building a Pilot City with Innovative Business Environment” (SF 2022 No. 13 document) and “Implementation Opinions on Accelerating the Fostering and Growth of Market Entities” (SF 2022 No. 31 document), the city’s Bureau of Industry and Information Technology took the lead to build a mechanism for the discovery of potential unicorns, optimize the unicorn cultivation system, promote the city to foster more unicorn enterprises with hard-core technology.
According to the work arrangement, we are now soliciting qualified enterprises that meet the requirements from relevant entities across the city such as enterprises, venture capital and investment institutions and industrial associations.
How enterprises should fill their information:
Copy the website in the browser or directly scan the QR code to log in to the “Shenzhen Enterprises i” (it is suggested to operate on a computer)
Website: https: / / www.szsiq.com/#/
Select “Brilliant Pengcheng” from the top menu bar
Slide down the web page, select the “Unicorn Enterprise Cultivation Program” from the “Listing and Cultivation”
In the future, the Municipal Bureau of Industry and Information Technology will accelerate the cultivation and evaluation of science and technology unicorn enterprises, and release the list of the city’s science and technology unicorns within the year.
It is hereby announced.
Contact persons and telephone numbers
Xiao Minmao 0755-82977350
Han Wei: 13537626038
Shenzhen Municipal Bureau of Industry and Information Technology
August 15, 2022
Which companies can be included in the list? The specific findings and selection indicators are as follows:
The discovery and selection indicators of science and technology unicorns in Shenzhen
Closely around the development direction of “20+8” industrial cluster in Shenzhen, a batch of science and technology unicorns with a high growth are to be discovered and selected across the city of Shenzhen to develop a group of “potential science and technology unicorns - high-quality science and technology unicorns”, establish a database of enterprises containing information such as production and operation, technology research and development, talent introduction, financing and valuation. Based on the growth requirements of the enterprises throughout their life cycle, cultivation services and supporting policies will be provided for these included enterprises according to their category and stage.
Industries to be supported in priority
Centering on the “20 + 8” industrial cluster in Shenzhen, the discovery and selection criteria of science and technology unicorns in Shenzhen will focus on the following 7 industries of science and technology, and take into account other science and technology segments that are in line with the development orientation of the industrial cluster, which are divided into two categories: core technologies and applications:
01 Core technologies or basic technical support:
Semiconductor, Internet of Things, core components, basic materials, high-end instruments and industrial software, communication and basic communication technology, new energy technology, life science technology, etc.;
Artificial intelligence, cloud computing, big data, mixed reality, metaverse, SaaS tools or industrial application software;
02 Applications:
Biomedicine, big health and medical devices;
Intelligent C-end, intelligent connected vehicle;
Intelligent equipment and intelligent manufacturing;
New energy, environmental protection and new materials;
Fintech and Internet platform technology.
The discovery and selection criteria of science and technology unicorns in Shenzhen
01 Qualification requirements for potential science and technology unicorns:
Those with headquarters, subsidiaries or major branches in Shenzhen;
An unlisted company whose latest round of financing is valued at more than 500 million yuan;
The products of the industry and segment of the enterprise have broad space for development;
The enterprise has a complete core team, management structure and talent development strategy;
With a relatively complete supply chain, market and channel layout, the products have been introduced to the market, forming a feasible closed loop of business, leading in the industrial segment, with a relatively complete product line layout and planning; the enterprise has established technical barriers, forming a positive R & D mechanism, a large proportion of cumulative R & D investment and mid and long-term core technologies. The enterprise has independent intellectual property rights or proprietary technology and applies relevant technologies in its main business; with more than five high quality invention patents, which shall be effective invention patents of strategic emerging industries and future industries encouraged and supported by the nation, Guangdong Province and Shenzhen City. The enterprise’s history should be within ten years since its establishment.
02 Evaluation criteria for high-quality science and technology unicorns:
The enterprise’s headquarters, subsidiary or major branches are in Shenzhen; if the subsidiary or major branch in Shenzhen, the revenue of related subsidiary or branch in the latest fiscal year shall not be less than 50% in proportion;
A non-listed company whose latest round of financing is valued at more than 7 billion yuan;
The industry and subdivision of products of the enterprise have broad space for development;
The enterprise has a complete core team, management structure and talent development strategy;
The enterprise is a leading enterprise in industrial segment at home and abroad, with a significant brand influence and complete product line layout and planning. The sales (if any) of the enterprise should meet any of the following requirements.
(1) The sales volume of the main products ranks top ten in the world or top three in China in the industrial segment;
(2) The compound growth rate of operation revenue or net profit in the recent three years is not less than 20%;
(3) The revenue in the latest year is not less than 300 million yuan.
The enterprise has established technical barriers, forming a positive R & D mechanism, a large proportion of cumulative R & D investment and mid and long-term core technologies. The innovation ability and technical barriers of enterprises shall meet any of the following requirements:
(1) The core technology owned by the enterprise or the main products (services) formed by the enterprise relying on its core technology have been certified by the competent authorities of the nation as internationally leading or guiding or of great significance to the national strategy;
(2) The R & D investment of the enterprise in the recent three years shall not be less than 8% of the total operation revenue in the recent three years or the total R & D investment in the recent three years shall not be less than 50 million yuan;
(3) The enterprise should have a total of more than 15 high-quality invention patents, which should be valid invention patents of strategic emerging industries and future industries encouraged and supported by the nation, Guangdong Province and Shenzhen City.
The history of the enterprise shall be within 10 years since its establishment.
The exclusion criteria for science and technology unicorns in Shenzhen
In order to achieve a dynamic management of the cultivation database of science and technology unicorns in Shenzhen and maximize the utilization of resources, the enterprises shall be excluded in any of the following circumstances:
The enterprise and its controlling shareholder(s) and actual controller(s) have committed a serious dishonest conduct and failed to eliminate it within one year;
The business information provided by the enterprise to the evaluation committee contains false records, verified to cause a serious consequence;
There is a serious non-compliance in the enterprise’s governance structure and internal control system;
The enterprise has been punished by the competent administrative department according to law or ordered to rectify, yet the illegal act has not been eliminated within the time limit;
Listed on major domestic and foreign exchanges (domestic exchanges refer to Shanghai and Shenzhen Stock Exchanges and Beijing Stock Exchange), or merged or acquired by a listed company at home and abroad;
The enterprise has been suggested to be excluded as its relevant core indicators fail to meet the present indicator system;
The history of the enterprise is at least 10 years since its establishment.
Shenzhen Municipal Evaluation Committee for Science and Technology Unicorns
Shenzhen InnoX Academy launches and establishes Shenzhen Municipal Evaluation Committee for Science and Technology Unicorns (hereinafter referred to as the Evaluation Committee) to solicit in public potential and high-quality science and technology unicorns each year, organizes the Evaluation Committee to conduct the daily evaluation and takes the lead to release the list of potential and high-quality unicorns.
01 Working principles and objectives of members of the Evaluation Committee
The relevant work of the Evaluation Committee will strictly follow the principles of openness, inclusiveness, independence, objectivity, impartiality and effectiveness. It should give full play to its role in planning and coordination, pursuing scientific and pragmatic results, encouraging innovations and serving the enterprises. Following the principle of emphasizing real economy and technology innovation, the Evaluation Committee shall advance the construction of its related indicator system and enterprise selection and evaluation. It will continue to discover and select potential and science and technology unicorns in Shenzhen, and improve the related indicator system and working mechanism for the discovery and selection.
02. Duties of members of the Evaluation Committee
Support and abide by the constitution of the Evaluation Committee, and actively maintain the overall image and reputation of the committee;
Keep secret the internal information of the committee. Without approval, members may not release any information about the standards;
Publicize and implement the standards set by the committee;
Actively participate in the activities of the committee, and undertake the tasks assigned by the committee;
Supervise and administer the work of the committee. Each member shall assign at least one staff member to join the Secretariat, and one staff member to assist in the establishment of the committee;
Members shall personally attend the committee meeting more than twice. If the committee members cannot attend the meeting, they shall issue a written voting opinion and entrust a core representative at the level of partner or vice president of the company to attend the meeting.
The term of office of the first committee is one year, and the list of members of the committee will be updated upon the expiry of the term. Members who have performed their duties in the previous year may be re-elected. The selection and addition of members shall adopt the mechanism of “equal entry and exit”. If the membership of one member is canceled, one member shall be added.
03 List of members of the committee (in the order of pinyin of their surnames)
Chang Ruihua, founding president of the Tsinghua-Berkely Shenzhen Institute
Huang Tiejun, executive vice president and secretary general of Shenzhen Public Companies Association
Huang Mingming, founding partner of Future Capital
Li Zexiang, initiator and president of Shenzhen InnoX Academy
Li Wei, founding partner of Shenzhen Green Pine Capital Partners
Liu Suhua, chairman of Shenzhen High-tech Investment Group
Liu Chenli, vice president of SIAT and president of Shenzhen Institute of Synthetic Biology
Liu Xing, a partner with Sequoia Capital China Foundation
Liu Qin, a founding partner with 5Y Capital
Ni Zewang, chairman of Shenzhen Capital Group
Shi Anping, chief partner and chairman of Shenzhen Guozhong Changrong Asset Management Co., Ltd.
Sun Haibin, director of Shenzhen State High-tech Industrial Innovation Center
Tang Jie, a professor with the School of Economic Management of Harbin Institute of Technology and a former vice mayor of Shenzhen
Yao Xiaoxiong, chairman of Shenzhen Angel Fund Management Co., Ltd.
Yu Ying, founder partner and vice president of Shenzhen InnoX Academy
Zhuang Zhiyun, secretary general of Shenzhen Private Equity Funds Association
In the future, the committee will discover and foster potential science and technology unicorn to be included.
Source | Shenzhen Municipal Bureau of Industry and Information Technology