Chapter 53 The Establishment of Light Armor Technology

"Huh? Human hibernation?
How much investment is needed to develop this technology?"

After Lin Jia returned to Shenhai from Zhejiang Province, when Chen Yuanguang talked to him about his future plans, he roughly described what business the technology company he was going to establish would do.

Chen Yuanguang's answer was far from what Lin Jia expected.

Lin Jia has many speculations about the business of the technology company founded by Chen Yuanguang.

The first is to provide vaccine-related services and provide services to vaccine companies, such as mutation point prediction, virus prediction, etc. There are many things that can be done. Chen Yuanguang’s reputation has already been established. As long as the intention is revealed, there are many pharmaceutical companies at home and abroad who are willing to cooperate. This is an easy model.

The second is to outsource medical research, similar to the model of WuXi AppTec, using Chen Yuanguang's scientific research strength to form a team, and then using his fame overseas to take orders, gradually expand, and also do some new drug research and development.

The third type is to build an AI medical research and development platform that specializes in providing services for new drug research and development. Simply put, it is to build AI tools to empower new drug research and development.

These three businesses can go hand in hand. One, two, ensure cash flow, and three, initial investment. After they become bigger, they can become monopoly businesses in subdivided industries.

With Chen Yuanguang's fame and her connections in China, once the company reaches a certain scale, it can go public on the Science and Technology Innovation Board, and after the listing, there will be a steady stream of cash flow to cultivate the AI ​​pharmaceutical research and development platform. Lin Jia is very confident that he can make it bigger and stronger.

The above is the development route that Lin Jia planned for Chen Yuanguang after consulting someone after returning home.

Unexpectedly, Chen Yuanguang had no intention of following her plan at all. The business he wanted to develop was human hibernation. Lin Jia was stunned when he heard this. He wanted to use human hibernation technology to go to the future.

"Yuan Guang, what you said is very tempting. If you can do it, there will definitely be countless wealthy people willing to pay for it, especially the older wealthy people. Even if you offer one billion dollars, people like Buffett and Bill Gates won't even blink an eye.

There are still many hidden wealthy people, and quite a few are willing to pay.

The problem is that it may not be possible in the short term. I remember that this concept has been around since the last century, and people have been pouring money into it, but I haven’t seen any success.

You may invest a lot of effort and precious time in this, but get very little in the end." Lin Jia clearly expressed his pessimism.

Of course, Chen Yuanguang would not say, "In theory, I know how to achieve it." The only question is how to combine the theory with the current level of science and technology to implement it. It is indeed difficult, but not completely impossible.

“Lin Jia, first of all, I have the confidence that I can do it, and secondly, the results achieved in the process can be monetized.

It is not what you think. It requires a phased result before it can be sold. Some of its intermediate results are valuable.

Of course, it is impossible to achieve profitability by relying solely on patent licensing, and a certain amount of external financing is required. I am confident that we can achieve phased results in the short term." Chen Yuanguang seemed confident.

Lin Jia was puzzled and said, "I have no objection to you wanting to do hibernation technology research, and I also have no objection to you wanting to devote most of your energy to it. I respect your decision, this is your company.

But we can also develop other businesses at the same time, such as vaccine development. I believe many pharmaceutical giants want to cooperate with you. You only need to spend a little effort to get good results and accumulate a certain amount of cash flow for the company.

Why not? "

Lin Jia didn't want to have a dispute with Chen Yuanguang on this. If the two sides couldn't reach an agreement at the beginning, it would be fatal to the joint venture. The reason why Lin Jia didn't choose to invest in Chen Yuanguang's company was because she just wanted to help Chen Yuanguang lay a good foundation in the early stage and accumulate experience for herself. After laying the foundation, she would return to the family business sooner or later.

Chen Yuanguang said: "Because it is valuable in your opinion, once the prediction model of virus mutation is released, it will be used by other pharmaceutical companies. It is not a patent, but only theoretical knowledge.

Pharmaceutical companies will not say that they cannot use the theoretical knowledge from my research to guide their practice, because the model is written very clearly, including the algorithm and design logic. There is very little they need from me, except to optimize the model in combination with new virus mutation data.

The value is limited. Unless I am willing to sign an independent cooperation and confidentiality agreement with a company, they may not be willing to pay.

But the money I earn will eventually be transferred to vaccines and become the cost of everyone's vaccination, and I don't want to do that.

I will do research in this area and make the results public. I don’t want to make money from it.”

Lin Jia realized that because Chen Yuanguang had not suffered much since he was a child, he had a very strong idealistic temperament and did not have a strong desire to make money. It was because of his temperament that Chen Yuanguang attracted her in college, but when he became a business partner, his ideas gave Lin Jia a headache.

"Okay, I respect your idea. What do you plan to name the company?" Lin Jia asked.

Chen Yuanguang said, "Light Armor Technology?" After saying that, he stared into Lin Jia's eyes. Lin Jia thought to himself that he was finally not a straight man for once, but what the hell was Light Armor Technology? It sounded too ugly.

"This name sounds like a company that makes mechas. Isn't that a bad idea?" Lin Jia said tactfully.

Chen Yuanguang waved his hand and said, "No, the armor I made for you has a good meaning, doesn't it?"

Lin Jia is too tired to complain. Just now he thought you were not straight, but now you are straight again: "You are the boss and you have the final say."

In the laboratory in Caohejing, Guangjia Technology was established. Chen Yuanguang was full of confidence in the future of Guangjia Technology. It would be a piece of cake to become the world's number one.

Lin Jia was full of anxiety, thinking that this would be a failure in his career. Was the first entrepreneurial venture by top scientists and top business elites going to end in failure?

Lin Jia shook her head just thinking about it. As a perfectionist, she didn't want her resume to have any stains.

"Yuan Guang, now that we have decided on a name, I will take care of the formalities. Have you thought about how to recruit people?"

Chen Yuanguang said: "Let's find a headhunter to get the industrial and commercial formalities done first, then recruit a vice president, and then have him build the entire organizational structure."

Lin Jia stretched out his hand and took stock: "Legal affairs, finance, and human resources are the most important. In the early stage, you can let the human resources and comprehensive work be done. There is no need to rush the sales and business teams at the front desk. One person at most is enough. There is no need to rush to recruit people before there are commercial results.

Finally, the R&D team. How many people do you plan to recruit for the R&D team? "

Chen Yuanguang thought, "I am enough." But he said, "About ten people? Two PhDs and eight Masters?"

(End of this chapter)