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ASUS set up 50 million US dollars venture capital fund to help Silicon Valley start-up companies to enter the Asian market

via:博客园     time:2017/9/14 23:31:07     readed:384

September 19, according to foreign media reports, from China Taiwan's hardware manufacturers Asus has been ZenBook notebook, ZenFone smart phones and Zenbo robot famous, and now the company has set up a $ 50 million venture capital fund, officially announced to get involved in the wind Cast field. ASUS, through its partnership with Fenox Venture Capital, will focus on strategic investments for Silicon Valley start-ups that want to enter the Asian market.

Fusing Venture Capital CEO and partner Anis Uzzaman said that as the world's fourth largest personal computer manufacturers, ASUS will focus on artificial intelligence, Internet of things, large data, enhance the reality, virtual reality and other technical types of company investment.

Uzzaman said: "Asus is more interested in their more proficient areas, is currently looking for those who can bring more benefits through the cooperation of the company. Although ASUS has already invested in the form of a balance sheet, this time ASUS will be in a more positive way in this area deep plowing. & rdquo;

It is reported that ASUS investment fund seed wheel financing scale is usually between 250,000 to 1 million US dollars, while the A round of financing for the scale of 300 million to 5 million US dollars.

While the fund will initially focus on bringing Silicon Valley start-ups into Asia, it is also looking for potential investment targets from other countries. It is worth mentioning that, Fenox Venture Capital has been in China and Japan has a lot of partners, the venture capital management company has eight branches in the country, currently manages the 14 companies of corporate funds, Including Sega, Bandai Namco and Infocom.

At the press conference, ASUS Chairman Shi Chongtang said: "Find the most suitable global partner is ASUS cutting-edge technology to obtain the key steps, but also will enhance the ASUS user experience." Fenox Venture Capital is the best partner for ASUS to expand its business around the world, as Fenox not only understands Asia's business culture, but also has a leading investment experience in North America, Europe and Asia. & rdquo;

Uzzaman said ASUS plans to invest in companies that have completed product prototypes or have marketed products in Europe and the US, helping them expand their business to Asian markets by becoming a strategic partner for these companies. At the same time ASUS Venture Capital will also focus on the seed stage of the start-up companies, including from the Y Combinator, Techstars and Stanford StartX and other top accelerator project graduates.

In addition to providing capital, guidance and manufacturing support, ASUS can also serve as a distribution partner in the Asian market to help start-up companies in the protection of intellectual property rights under the premise of localization of the product.

Uzzaman said that this is a way for ASUS to use its own advantage to bring top technology from Silicon Valley into the Asian market. Asia has two-thirds of the world's population, and ASUS hopes to cooperate with the start-up companies to get the technical advantages.

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