Zhongguancun Lingchuang Finance Information Service Co Ltd hosted a salon themed on "New era & a new idea of entrepreneurship" on Nov 8, discussing the new opportunities and challenges faced by startups.

More than 10 leaders and representatives from Zhongguancun startups attended the event, including Beijing Novoseq Biotechnology, Beijing Qianqin Technology, Beijing Zhilian'an Tech, and Lopodo.

Jiang Tianlu, president of Beijing Xinfeng Daojia Technology Co Ltd, said that the company should adhere to the spirit of craftsmanship in product design. It should be sophisticated in technique and creative in service modes to win consumer trust.

Innovation is the core technological support for middle and small-sized enterprises as they compete with industrial giants and create new markets.

"As an internet home decoration startup, we have little strength to compete with industry giants. We should focus on a series of small markets," said Huang Lei, co-founder of Beijing Jiang Zhuangyuan Decoration Co Ltd, adding that his company is following a unique development path by collecting small home decoration markets.

Lyu Yuechuan, CEO of Beijing Zhilian'an Tech, spoke highly of Lingchuang Finance's capital support of his company's development. He said that cash flow is the blood of a company and Zhilian'an Tech is now able to deepen its research on sensors for robots' joints.

In the last two years, Lingchuang Finance has established business sections of credit, financing and investment to provide capital support to middle and small-sized enterprises. It has also developed projects to supports undergraduates, overseas returned students, scientists and engineers and key employees in leading companies to start up their own business.

The company's internet information service platform was given the status of a demonstrative pilot project of 2017 Smart Zhongguancun this June, becoming a strong backup for Zhongguancun's scientific financing. By the end of October, the platform has realized a transaction scale of 250 million yuan ($37.6 million).

Shi Lei, general manager of the Zhongguancun Lingchuang Finance Information Service Co Ltd, said, "The company pays great attention to construction of a service system integrating technology, policy, market, talents, and settlement."

Zhongguancun Lingchuang Finance Information Service Co Ltd hosts a salon on "New era & a new idea of entrepreneurship" on Nov 8. [Photo provided to chinadaily.com.cn]