The first domestic business school venture capital fund Huaou Venture Capital Fund raised 300 million yuan in the first phase (VC341)

China's first venture capital fund co-sponsored by a business school was established on March 2. The fund was jointly sponsored by China Europe International Business School and Huaguang Capital. It raised 300 million yuan in the first phase.

Zhang Weijiong, deputy dean of China Europe International Business School, said: "The Huaou Venture Capital Fund will specifically support the entrepreneurship of our students. We hope that through this venture fund, we will be able to provide our alumni and our MBA and EMBA students with a real A good platform can help them grow. In addition, in 2012 we also launched a charity training program for entrepreneurs. I hope to create more entrepreneurial atmosphere in business schools. "

Zhang Yonghan, chairman of Huaguang Capital and founding partner of Huaou Venture Capital, revealed that the Huaou Venture Capital Fund will form a Huaou Advisory Committee composed of more than 30 outstanding CEIBS alumni and well-known entrepreneurs in various fields. It will provide guidance and encouragement for entrepreneurs.

The CEIBS campus will also hold an annual entrepreneurship competition to start CEIBS 2012, providing financing opportunities for CEIBS alumni. Lei Tingting, chairman of the China-Europe MBA Entrepreneurship Club, introduced the rules of the competition. The competition will be held on September 15, 2012, and the tentative registration deadline is August 25. The finals will be held on the CEIBS Shanghai campus. The ten teams that enter the finals can be reimbursed for the entire travel expenses, as well as showing them to more than ten venture capital funds including Huaou Ventures. In addition, the first Friday of each month will be named "Entrepreneurship Friday". As one of the features of the project, "Entrepreneurship Friday" will invite some investors and professors to help aspiring entrepreneurs analyze the business plan. In the final analysis, a financing link was established at the end.

Shen Rong, party secretary and president of Shanghai Pudong Jinqiao Co., Ltd., an alumnus of CEIBS, said that he will provide diversified support for the information network and mobile Internet incubation base established by Huaou in Shanghai Pudong Jinqiao.