The valuation of the competition has soared in three years, and the growth of a national-level "little giant" company: Returned doctors choose Shanghai

Release time:Apr 24, 2024 00:46 AM

Xingyuanzhe was founded in 2018 by Zhou Jiaji and Yu Guanting, PhDs from famous overseas universities, and Xing Lianglibo, a master's degree in economics from Peking University. It is now a national specialized, specialized and innovative "little giant" enterprise. With the support of the Shanghai Municipal Science and Technology Commission, this company settled in Zero Bay, Minhang District. From 2019 to 2021, it continuously participated in the "Innovation in Shanghai" International Innovation and Entrepreneurship Competition, and not only won three municipal-level technological small and medium-sized enterprise technological innovation funding projects , has also completed 5 rounds of financing and grown into a "potential unicorn" company with a valuation of US$700 million.

As the founder and CEO of Xingyuanzhe Technology, Zhou Jiaji won the 2016 Best Paper Award at the top international robotics conference ICRA as the first author during his Ph.D. In 2018, he and Yu Guanting, another doctorate in robotics, plan to return to the motherland to establish a company that promotes autonomous perception and operation of robots, using innovative robots and sensing technologies to bring changes to production.

Which city to choose? The founding team decided to settle in Shanghai because there are many scientific research talents here and it is located in the "Jiangsu, Zhejiang and Shanghai Free Shipping Zone". The company headquarters was established in Shanghai to facilitate cooperation with large logistics companies and provide various smarter and more flexible robot solutions for the logistics industry. plan.

Under the introduction of the Shanghai Municipal Science and Technology Commission, the Xingyuanzhe R&D headquarters settled in Zero Bay, Minhang District. It is adjacent to Shanghai Jiao Tong University and is building a "global innovation and entrepreneurship cluster". After settling in Bay Zero, Xing Yuanzhe quickly attracted talents from top universities and leading companies such as Shanghai Jiao Tong University, Zhejiang University, Carnegie Mellon, Fanuc, Qualcomm, and Huawei to enrich the R&D team. Cooperation with logistics companies is also progressing smoothly. The company is headquartered in Shanghai and has branches in Suzhou, Shenzhen and other places. At the end of 2018, Xingyuanzhe launched an automated picking workstation for multi-category mixed goods. It was applied to the Suzhou warehouse of a large logistics company. The robot picking efficiency is more than 1.5 times that of manual work, and there is no need to collect any product information in advance.

Mobile double-arm loading and unloading robot developed by Hoshizu Tetsu

In addition to R&D talents and corporate customers, Shanghai can also provide financial funds, financial resources and talent projects for hard technology companies, and help companies grow through "whole-process innovation" services.

The "Innovation in Shanghai" International Innovation and Entrepreneurship Competition is a platform that gathers financial and financial resources. Since the establishment of the competition in 2015, the cumulative number of registered companies has exceeded 68,000, and more than 17,900 start-up technology companies have been financially supported, with a financial investment of 3.8 billion yuan. Among the entrepreneurs who signed up for the competition, young entrepreneurs under the age of 40 accounted for more than 50%; among the supported companies, 94 companies have been listed, including 78 companies listed on the Science and Technology Innovation Board, accounting for more than 50% of the total companies listed on the Shanghai Science and Technology Innovation Board. .

"We have participated in three competitions in a row, and every year we have brought a self-developed robot as an entry item." Zhou Jiaji said that whether it is a seeding robot, a dismantling and picking robot, and a depalletizing robot, they have all been well received by the judges, making Xingyuan Zhe has been the winning company in the "Creation in Shanghai" International Innovation and Entrepreneurship Competition for three consecutive years.

The "endorsement" of official events has brought benefits to corporate financing. During the competition, Xing Yuanzhe, who attracted the attention of investment institutions, completed Series A, Series A and Series B financing and grew rapidly. The head of the company's R&D team has also received support from Shanghai talent projects such as Science and Technology Morning Star and Pujiang Talent Plan for many times. These projects have also provided funding for the company's R&D.

With government support and social capital funding, Xingyuanzhe has developed cutting-edge technologies such as 3D vision sensors and vision software, robot motion planning algorithms and fixture design. In addition to being used in the logistics and e-commerce industries, these products are also widely used in many industries such as automobiles, lithium batteries, castings, and medicine. In the segmented field of 3D vision-guided depalletizing robots, the market share of Xingyuuzhe's products ranks first in the country.

"3D vision is a relatively new technology. It is still in the early stages of rapid technological iteration, with a market penetration rate of less than 5%. Therefore, there is a lot of room for growth in 3D vision products in the future, and the growth rate will be very fast." Regarding the company's development Zhou Jiaji is full of confidence in the future. At present, three products of Xingyuanzhe have been selected into the "2023 Shanghai Innovative Product Recommended Catalog", and the company's business covers China, Japan, South Korea, the United States, Germany and other countries and regions.

The person in charge of the Municipal Science and Technology Commission said that there are many hard technology startups like Xing Yuanzhe in Shanghai. In order to support the development of such enterprises, Shanghai is strengthening "whole-process innovation" services, focusing on the innovation needs of the entire life cycle of enterprise growth, building and improving innovative entrepreneurial teams, technology-based small and medium-sized enterprises, high-tech enterprises, and technology small giant enterprises. To the policy support and service chain such as the listing and cultivation of scientific and technological innovation enterprises. “Scientific and technological talents can receive support in every link from the start of their business to the listing of their company, and enjoy the benefits brought by policy tools such as technological innovation coupons, technological innovation funds for technological small and medium-sized enterprises, technological little giants, and high-tech achievement transformation projects. "

The valuation of the competition has soared in three years, and the growth of a national-level "little giant" company: Returned doctors choose Shanghai

At the 2023 China International Industrial Expo, the mobile dual-arm loading and unloading robot displayed by Xingyuanzhe Technology Co., Ltd. attracted the attention of many viewers. It can load and unload goods accurately and efficiently in a compact space, replacing the arduous manual truck loading and unloading work. Xingyuanzhe was founded in 2018 by Zhou Jiaji and Yu Guanting, PhDs from famous overseas universities, and Xing Lianglibo, a master's degree in economics from Peking University. It is now a national specialized, specialized and innovative "little giant" enterprise. With the support of the Shanghai Municipal Science and Technology Commission, this company settled in Zero Bay, Minhang District. From 2019 to 2021, it continuously participated in the "Innovation in Shanghai" International Innovation and Entrepreneurship Competition, and not only won three municipal-level technological small and medium-sized enterprise technological innovation funding projects , has also completed 5 rounds of financing and grown into a "potential unicorn" company with a valuation of US$700 million. Settled in

What is so "special" about Shanghai's first basic research zone? Let’s start with the dried and wrinkled passion fruit.

Hawking once proposed an idea to develop an aircraft with a light sail, which would be accelerated by a laser and fly to the "hometown of Trisolarans" - Alpha Centauri, to explore whether it is suitable for human survival. Looking at a box of dried and wrinkled passion fruits, Xu Fan, a professor at the Department of Aeronautics and Astronautics at Fudan University, suddenly had an idea: Can a model be used to predict and control the wrinkles of the cosmic light sail film? Otherwise, the direction of laser reflection will cause irregular changes, causing the aircraft to deviate from the route. Even Xu Fan himself felt that it would be difficult to apply for scientific research funding for this idea, so he kept it buried in his mind for five years. Until two years ago, Shanghai took the lead in piloting the "Basic Research Special Zone" in the country. He tried to apply, but to his surprise, not only was he selected, but he also received the largest single funding since he started doing scientific research. Why are seemingly fanciful ideas so popular? Base

Shanghai strengthens "whole-process innovation" and "invests first and shares later" to promote breakthroughs in laser core technology

At the beginning of this year, Dr. Dong Yongjun returned to Shanghai, where he had been away for many years, and became the chairman of Xinfeirui Technology Co., Ltd. In 2014, this scientist who worked at the Shanghai Institute of Optics and Precision Mechanics of the Chinese Academy of Sciences went to Nanjing to establish Lite-On Optoelectronics Technology Co., Ltd. to develop laser crystal materials and other products. The reason why he returned to Shanghai to start his own business for the second time was that the Yangtze River Delta National Technology Innovation Center hired him as a project manager, responsible for the implementation of the "Laser Crystal Materials" project. The unit that implements this cutting-edge technology industrialization project is Xinfeirui Company. This start-up company settled in Baoshan District is a beneficiary of the "invest first, share later" reform pilot. According to the reform plan, Xinfeirui's scientific research and management team holds 90% of the shares, and the Shanghai Yangtze River Delta Technology Innovation Research Institute's shareholding platform holds 10%; Shanghai Changsan Institute and Shanghai Baoshan Technology Transfer Co., Ltd.

In order to stimulate the "nuclear explosion point" of the industry, how to kick off the "final kick" of scientific and technological innovation? Zhangjiang "accelerates" with innovation

Shi Zhiru, general manager of the Digital Twins Division of Dijing Digital Technology Co., Ltd., has never forgotten that five years ago, he listened to General Secretary Xi Jinping’s sincere instructions to scientific and technological workers in the exhibition hall of Zhangjiang Science City - to enhance the sense of urgency and mission in scientific and technological innovation. Put technological innovation in a more important position, kick it off well, and let technological innovation play a major role in implementing the innovation-driven development strategy and accelerating the conversion of old and new driving forces. At that time, he was an assistant research professor at ShanghaiTech University and was on hand to assist in demonstrating the school’s multiple artificial intelligence research results. Now, he has "transferred" to a technology start-up company incubated by ShanghaiTech University, and is committed to industrializing the "3D video fusion technology" demonstrated previously. From cutting-edge innovation to joining the industry, it is not just Shi Zhiru’s personal struggle. Zhang at the moment

Shanghai has 20 major scientific facilities under construction or planning, providing a "national weapon" for China's original innovation

The research group of Professor Wang Zhaokui of Suzhou University is a "frequent customer" of Shanghai Light Source and comes almost once a month. This "highly cited" scientist was recently selected into the 2023 "Top 2% of the World's Scientists List" released by Stanford University. His most cited paper studies perovskite photovoltaic materials, one of the current international frontiers. device. Using perovskite materials to make solar cells has lower costs and higher photoelectric conversion efficiency than traditional materials. However, this material is often accompanied by defects when depositing thin films and preparing devices, which affects the efficiency and stability of the devices. It is with the help of Shanghai Light Source that Wang Zhaokui's research group has a deep understanding of the regulatory mechanism of surface defect passivation. "The Shanghai Light Source can see the microscopic world, which is very important for exploratory research. We can better understand the unknown and improve

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