The news of October 29thumbrella treeScience and TechnologySequoia China On October 28th, a joint initiative was launched to focus on smart, robotic and downstream key technologies, as well as early start-up projects in other front-line hard-tech areas。
According to both parties, the plan uses the term "engineer"+ fundingPeople's way of working together: Woo Tree provides industrial judgement on technical routes, cost curves and project landings, Redwood provides capital support, investment decision-making and post-investment services. In particular, it is intended for young entrepreneurial teams, who want to be involved from the conceptual, code or prototype stage to help the project move to a scalable product。
THE PRINCIPLES PUT FORWARD BY BOTH PARTIES INCLUDED EARLY IDENTIFICATION OF PROJECTS, SIMPLIFICATION OF INVESTMENT PROCESSES AND PROVISION OF RESOURCES AND ADVICE WITHOUT TAKING OVER THE DIRECTION OF AN ENTREPRENEURIAL TEAM. THE PROJECT IS AN EXTENSION OF COOPERATION BETWEEN THE TWO PARTIES。