A corporate venture capital (CVC) investment forum was held by the Lenovo Capital and Incubator Group (LCIG) in Beijing on July 12, one of the group's annual venture capital week activitties. 

Themed Lenovo's "science and technology navigator," the venture capital week event will last from July 11 to July 22 this year and is being presented online in a metaverse format. 

During his address to the event, He Zhiqiang, president of Lenovo Capital and Incubator Group (LCIG), said: "If enterprises want to face the future, they need to understand the development trends of the industry. CVC, or corporate venture capital, is a very good model, that allows us to clearly perceive the direction of the world's advanced technology, innovation, talent and so on, which is very important."

"Enterprises cannot compete on their own, as they must have a longer chain of competition to build their own innovation ecology. Lenovo has many resources, in brand, talent, channels, government relations and supply chains for instance, to empower the enterprises it invests in. A lot of companies we invest in, including some startups, are growing very quickly. Their growth also benefits Lenovo in technological innovation, strategic formulation, entrepreneurial culture and ecological construction," He said.

At the main forum of the event, He also delivered a report on the formation of a multi-win ecology for enterprises in the big data era, during which he introduced the LCIG's CVC 2.0 version of investment and its efforts to promote the development of a coordinated ecology. 

Over the past six years, LCIG has sought high-growth and high-potential industrial opportunities for the future through investment and incubation. According to He, LCIG always adheres to its core strategy of "terminal, edge, cloud, network, intelligence" and service transformation of the group to lay out early frontier technologies. 

LCIG has so far invested in more than 200 innovative enterprises, 42 of which are state-level specialized new enterprises. Through CVC investment, enterprises can grasp the trends in technology, talent and capital and explore new opportunities for future development with a broader vision, He added.

LCIG has been constantly optimizing the ecological coordination methods with the Lenovo Group. It actively promotes two-way empowerment with the invested enterprises to create network competitive advantages. LCIG gives full play to Lenovo's advantages in supply chains, brand, sales channels and service system, to enable the invested enterprises to expand their business and establish their brand. At the same time, the enterprises can provide feedback to Lenovo in basic technological innovation, corporate culture, strategic development and ecological construction.

At the forum, Guan Wei, head of Lenovo's global supply chain, delivered a speech on how science and technology has helped the company build its world-class supply chains. 

Lenovo also pays attention to helping small- and medium-sized businesses it invests in to harness the advantages of the digital economy and the advancement of science and technology.

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