Council Meeting of Antai Venture Fund for MBA of Shanghai EFG Was Held
Publisher : MBA办公室 Dec.25,2013
Council meeting of Antai venture fund for MBA of Shanghai Technology Entrepreneurship Foundation for Graduates (EFG) was held in ACEM on December 20, 2013. The members of the council Mr. Zhou Lin, Mr. Dong Ming, Mr. Du Songning, Mr. Zhou Guolai, Mr. Chen Hu, Mr. Yang Xuejun and the supervisor Hou Wenshan attended the meeting. The meeting was hosted by Professor Dong Ming, the deputy director of the fund and the vice president of ACEM. And Shi Kai, the full time director of the venture fund , reported the work of MBA venture fund in 2013.
Professor Dong Ming introduced the three important things summarized from the MBA entrepreneurship education process to the members of the Council. The three important things are the entrepreneurial education, China MBA entrepreneurship competition and MBA venture fund. Especially by the MBA venture fund, SJTU make the entrepreneurship support for MBA students shift from theory to practice. In 2013 the venture fund received 14 projects claims, 13 of which passed the evaluation and were set up, 12 of which were completed and the funding amount is 3400000 yuan. This basically completed the goal presented last year at the second meeting of the Council, and helped a group of entrepreneurial MBA students and alumni. Professor Dong Ming introduced the four "Roadshow" startup weekend activities organized by venture fund, highlighting the efforts venture fund have made in deepening the theme, expanding the scope of publicity, searching projects and focusing on quality and strengthen investment management.
After reporting the main work of venture fund in 2013, the problems and work targets in 2014, the Project Manager Shi Kai discussed the contents of the report with the council, fully affirming the achievement. Meanwhile they also presented the views and suggestions actively about positioning the fund, improving the appointment of directors and strengthening the management after setting up the project, expanding the channels within the school and building the platform that combines the School technology background with business entrepreneurship. Professor Zhou Lin, the director of the fund and the dean of ACEM, summed up the meeting and felt gratified that the venture fund had completed the initial accumulation in the short two years, and had reached the ideal status. It seems that establishing the venture capital fund is the right decision.
Professor Zhou Lin suggested that the nature of MBA venture fund is public welfare fund, helping and serving students not-for-profit, which will never be changed. The key tasks of venture fund will shift from aiding quantity to quality. The fund will help the enterprises to grow rapidly by fully relying on Shanghai Withub High tech Business Incubator and the members of the Council, searching for all social forces such as Shanghai Technology Entrepreneurship Foundation for Graduates, etc. Combined with the engineering department, advanced technology industry research institute and the business school, the MBA entrepreneurial students will organize more joint activities for technical development and team complementary. To deepen the "startup weekend Roadshow" theme activities, innovation and entrepreneurship laborites should be founded when conditions are ripe and more high quality entrepreneurship projects should be cultivated by looking for the combination point of MBA and masters of engineering.