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Zhai Guanhua, founder of venture capital incubator TURBO X, was selected into the “36Kr 2022 Global Outstanding Chinese Power 100”

By: Get News

From a Wall Street elite to an entrepreneur, he has brought international experience back to the motherland, and is committed to discovering the vibrant entrepreneurial forces in China. On November 17, the “36Kr 2022 Global Outstanding Chinese Power 100” was officially released, in which Zhai Guanhua, the founder of TURBO X, a well-known domestic venture capital incubator, was on the list.

The story of Zhai Guanhua takes place step by step. He graduated from New York University as a postgraduate, worked as a financial consultant in wealth management department in Morgan Stanley, and then returned to China to study FMBA in Tsinghua University, and founded Full House Investment, which engaged in private equity, equity investment and other businesses. In 2022, in order to focus more on service investment and financing projects, Zhai Guanhua established the business incubator brand TURBO X in Beijing, and served as the CFO of NewLink, focusing on providing incubation services for start-ups.

In recent years, the continuous favorable policies have enabled the number of co-working and incubator enterprises in China to grow constantly. Zhai Guanhua hopes to build a local professional incubator brand. He believes that professional incubators will provide enterprises with a series of services such as space use, industrial cooperation, technical support, investment and financing, and truly help entrepreneurs to incubate entrepreneurial projects.

It is well known that the integration ability of the four resources of “space, capital, policy and industry” has become an important indicator to assess the comprehensive strength of the incubator. TURBO X, founded by Zhai Guanhua, is a science and technology industry chain driven incubation complex with these capabilities.

In terms of space, the office space of TURBO X takes the form of flexible office and workstation lease, and enterprises can share functional areas such as meeting rooms, cafes and phone booths after settling in; In terms of capital, Zhai Guanhua, the founder of the incubator, and several partners have years of experience in private equity, equity investment, venture capital and other industries, which can bring capital resources in more fields to the company; In terms of policy, TURBO X has reached cooperation with regional governments and a number of industry institutions, playing a platform role in promoting preferential enterprise policies; In terms of industry, relying on the professional and technical capabilities in the field of artificial intelligence of NewLink, a listed company in Hong Kong stock market, it has continuously empowered the enterprises incubated by TURBO X.

Through the innovation in business model and driven by industrial technology chain to incubate enterprises, TURBO X can provide services including enterprise consulting and diagnosis, resource expansion and docking, technology development support and venture capital support, etc. These services are completed through collaboration with institutions cooperating with TURBO X. It is worth mentioning that the charging mode of TURBO X is mainly in the form of equity replacement, providing a series of services such as space use, industrial cooperation, technical support, investment and financing for incubated enterprises, which can replace the corresponding equity of enterprises by consideration.

In Mr. Zhai’s eyes, China is a hot spot for entrepreneurs, and many Chinese companies are growing better than many in European and American countries. “We exchange the company’s resources, sites and services for part of the shares of the incubated company. Although this cannot be realized in the short term, in the long run, as long as we stick to it and find enough quality start-up projects, the value of the company will show an exponential growth.”

“I hope to build TURBO X into an industry-leading incubator brand within three years, like a turbine in an automobile engine, to help entrepreneurs run faster,” said Zhai Guanhua. Such innovation has also been favored by the capital market. In 2022, TURBO X won the first round of strategic financing of MinIPO, with a post investment valuation of 100 million yuan.

Media Contact
Company Name: Fosmos consulting management co.,ltd.
Contact Person: Shawn Zhu
Email: Send Email
City: Shanghai
Country: China
Website: http://www.fosomosglobal.com



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