Sun Peng, CEO of August Gua, introduced that technical due diligence, as the name implies, is due diligence on technology-related factors. That is, according to the requirements of the client (acquirers and investors), for proposed investment projects, a professional due diligence team composed of experts in technology, management, law, finance, operations, big data, etc., will focus on the value of technological achievements from a technical perspective. (advancedness and maturity), related product production and operation capabilities, product market competitiveness, innovative R&D capabilities, technology development environment and prospects, intellectual property status, technology market development potential and other aspects, professional surveys, analyzes and Evaluation to ensure the technological advancement, feasibility and investment value of the project and to minimize investment risks caused by technical factors.
In recent years, local governments and high-tech zones have increasingly attached importance to strengthening the core role of innovation in promoting high-quality economic growth and industrial upgrading. Competition in various regions to enhance the comprehensive strength of innovation has continued to heat up. Large-scale technology introduction and enterprise Mergers and acquisitions have become the norm to enhance the driving force of technological innovation. However, the lack of technical due diligence has also led to the accumulation of major project investment risks caused by technical factors. The necessity and urgency of strengthening investment project risk management have become more prominent. Therefore, embedding technical due diligence into the investment decision-making system can effectively promote scientific decision-making on major investment projects, effectively avoid the risk of major investment mistakes, and truly realize the optimal allocation of innovative resources.
The hot topic raised by the "100 billion chip" "scam"
Since last year, Wuhan Hongxin has leveraged the local government to promise to invest huge amounts of money in the "100 billion chip" "scam" that has shocked the world. A series of project founders with no semiconductor background and low academic qualifications leveraged the Wuhan local government to commit to investing hundreds of billions of dollars. Since the launch of the Hongxin project, all investors have been Wuhan state-owned assets, spending more than 8 billion yuan before and after. The original 90% shareholding blueprint of the light quantity was even dug up by the media and even the company's registered capital has not been paid in. This is a typical example. White wolf with empty gloves.
This type of scam not only occurs in Wuhan, but also in many places across the country. In just over a year, six large tens of billions of semiconductor projects in many provinces and cities in my country have been suspended, with a total planned investment of 297.4 billion yuan.
Sun Peng pointed out that these "chip fraud" farces reflect a pain point in scientific and technological innovation management worth pondering: in the context of strengthening innovation guidance and layout, improving the competitiveness of scientific and technological innovation, and accelerating industrial upgrading, how to To promote scientific decision-making on major investment projects, avoid the risk of major investment mistakes, and truly optimize the allocation of innovation resources, it is indeed necessary to improve relevant systems and mechanisms from the decision-making procedures, management mechanisms, operating models and other relevant aspects of major investment projects, and promote management innovation , one of the important and effective ways is to comprehensively strengthen investment risk management, and the implementation of technical due diligence is a powerful means to strengthen investment risk management.
Technical due diligence protects technological innovation
As technological innovation becomes the dominant driving force for modern economic development, the necessity and trend for technical due diligence to develop into an independent branch of due diligence becomes more and more important. It's becoming more and more obvious.
Sun Peng said that this is because: first, as science and technology accelerate the improvement of economic development momentum, technical factors have an increasing impact on investment decisions; second, the scientific and technological innovation system becomes increasingly complex. Technical due diligence is becoming more and more professional and systematic; third, technology-related factors have an increasing impact on the success or failure of investments, and the weight of technical factors in investment project risk management has also increased accordingly.
From a macro perspective, the comprehensive promotion of technical due diligence can effectively promote the innovative development of the science and technology service industry in the new era, provide strong support for improving the government’s decision-making system on science and technology affairs, and effectively promote science and technology project evaluation services and industrial technology Upgrade and innovative development of intelligence services and scientific and technological achievements transformation services.
Carrying out technical due diligence will help improve the management of technological achievements, avoid innovation investment risks, ensure the technical feasibility of investment projects, accurately grasp the macro development direction of the industry, and objectively evaluate the value of scientific and technological achievements and the value of high-tech enterprises. Providing professional think tank support for formulating strategic plans and promoting the scientificization of major investment decisions has important practical significance for both the system and strategic optimization of the meso-economic and the improvement of micro-economic mechanisms and quality improvement.
The original technical due diligence system empowers scientific investment decisions
Sun Peng introduced that providing technical due diligence services requires a high professional threshold. Based on the global scientific and technological information database, August Gua broke through the traditional scientific and technological achievement evaluation model and integrated it into the intellectual property evaluation system for the first time. It created a unique RITS technical due diligence investigation consisting of five major methods: "field investigation, questionnaire survey, WBS tool, expert evaluation, and benchmark analysis". The system includes graded evaluations of advancement, maturity, and innovation, and covers the three dimensions of intellectual property, team level, and risk assessment. It can directly understand the technical essence of the proposed investment project, and finally give investment grade recommendations based on the comprehensive evaluation results.
In addition, August Gua has a professional elite team and mature operation system covering the two major innovation service areas of technology transfer and intellectual property, as well as rich experience in technology evaluation services, cases and scientific and technological innovation full industry chain services. , which can effectively integrate high-end analysts, patent agents, and lawyers, bring together authoritative industry experts, user experts, and technology service industry experts, and strive to build a professional technical due diligence team across different knowledge backgrounds, which can flexibly match different services according to customer time limits. Standards directly address the pain points of investment promotion and provide strong support for project evaluation and decision-making basis.
Sun Peng said that our country has now entered a new stage of development during the "14th Five-Year Plan", and innovation has become the core driving force for economic development. In this context, facing the new situation and new requirements of high-quality development, August Gua will wholeheartedly provide professional, high-quality and customized technical due diligence for local government investment promotion, high-tech zone construction, introduction of major scientific and technological achievements, and improvement of investment project management. services, and contribute to improving the local scientific and technological innovation system and achieving high-quality economic development.