Zhongguancun Angel Investment Association had held a preparatory meeting – marking a milestone for angel investment in Zhongguancun.

A total of 70 company representatives under the leadership of Beijing Municipal Bureau of Civil Affairs and the Zhongguancun Administrative Committee attended the meeting, which was held on July 9. Luo Zhuo, president of Qidi Angel Investment Ltd., was elected president of the association, and 4 entrepreneurs were elected vice-president.

 Luo addressed the meeting and shared his experiences about angel investment and early investment. Officials from the Beijing Municipal Bureau of Civil Affairs and Zhongguancun Administrative Committee addressed participants and said they hope the association will help start-ups grow and prosper in Zhongguancun.

The association is a registered non-profit organization initiated by risk investment organizations and entrepreneurs, and it has been attracting the most active groups and organizations in innovation and entrepreneurship. It is expected to create a better environment for angel investment in Zhongguancun.

The association will assist the government to improve the guidance and regulation of the angel investment industry. It plans to cooperate with universities and science parks and to conduct activities such as CEO salons, investment training, and experience sharing activities, with the aim of becoming the most influential angel investment incubator in China.

Edited by Wang Yifei and Niva Whyman