Global access, local trust

全球触达，本地信任

We build long-term relationships with founders, operators, co-investors and industry partners across the markets where we invest.

在我们投资的每一个市场里，与创始人、经营者、联合投资人和产业伙伴建立长期关系。

Precision over volume

精准优先于数量

Broad access creates choice. Deep research, evidence and concentrated conviction determine what enters the portfolio.

广泛的触达带来选择权。真正决定什么进入组合的，是深入的研究、证据，以及集中的判断。

Stay close where we can matter

在我们真能起作用的地方靠近

After investment, we work with founders where our market knowledge, relationships or capital can materially improve the outcome.

投资之后，在我们的市场认知、关系或资本真能实质改善结果的地方，与创始人一起做事。

Evidence before ambition

先有证据，再谈抱负

We prefer observable evidence to projected narratives — customer need, technical validation, adoption, usage, economics and the conditions required for a company to become structurally important.

我们更信可观察的证据，而不是推演出来的叙事——客户需求、技术验证、采用情况、实际使用、经济性，以及一家公司要变得结构性重要所必须具备的条件。

Precision over volume

精准优先于数量

Access creates choice. Discipline determines what enters the portfolio. We would rather understand a smaller number of companies deeply than confuse activity with conviction.

触达带来选择，纪律决定什么能进组合。我们宁愿把更少的公司弄得更透，也不把"动作多"当成"判断准"。

Different businesses require different evidence

不同的生意，要看不同的证据

Software and applied AI, and deep tech and sustainable industry, do not mature in the same way. We underwrite them differently while asking the same underlying question: can this company earn a position that becomes increasingly difficult for its market to replace?

软件与应用 AI，和深科技与可持续产业，成熟的方式并不一样。我们用不同的方式承销，但问的是同一个问题：这家公司能不能挣到一个越来越难被它所在市场替代的位置？

Think across cycles

跨周期看

We invest in structural change rather than short-term market sentiment. The companies we seek should matter because of how industries are changing, not because a category is temporarily fashionable.

我们投的是结构性变化，不是短期市场情绪。我们要找的公司之所以重要，是因为行业本身在变，而不是因为某个赛道一时热门。

Steven Xu

Founding Partner & Chief Executive Officer

A Chartered Accountant (CA ANZ) with two decades in finance across China and Australia: PwC in both markets, then senior finance roles inside ASX-listed companies. Member of the Australian Institute of Company Directors and of the Hong Kong Securities and Investment Institute.

澳新特许会计师（CA ANZ），在中国与澳大利亚从事财务与投资二十年：先后任职于普华永道两地机构，其后在澳交所上市公司担任财务高管。澳大利亚公司董事协会会员，香港证券及投资学会会员。

Steven came up through audit and corporate finance, which is why INP tests a company’s claims the way a buyer would before it invests rather than after. He chairs the investment committee and carries INP’s relationships with institutional investors and government partners.

他出身审计与公司金融——这也是为什么 INP 会在投资之前、而不是之后，用买方的标准去检验一家公司的说法。他主持投资决策委员会，并负责 INP 与机构投资人、政府伙伴的关系。

Jackie Chen

Founding Partner & Chief Investment Officer

Over twenty years in investment and financial services across China and Canada, spanning venture capital and M&A. Began her career in audit at PwC. Master’s degree from Oxford Brookes University; undergraduate degree in materials science.

在投资与金融服务领域逾二十年，业务横跨中国与加拿大的风险投资与并购。职业生涯始于普华永道审计。牛津布鲁克斯大学硕士，本科为材料科学专业。

A materials-science training makes Jackie unusually quick to tell a laboratory result from a manufacturable process — the distinction most deep-tech diligence gets wrong. As CIO she owns the investment process and the consistency of how every company is underwritten.

材料科学的训练，让她能很快分辨一项成果究竟是实验室结果，还是可量产的工艺——这正是多数深科技尽调最容易弄错的地方。作为首席投资官，她负责投资流程本身，以及每一家企业被承销的标准是否一致。

Jessica Wang

Partner, CMO & CCO

A CFA charterholder with over twenty years in Canadian financial services, registered as a portfolio manager in British Columbia, Alberta and Ontario. Previously a regional sales manager at Franklin Templeton Investments, and has since built investment management businesses serving private clients and institutions.

CFA 持证人，在加拿大金融业逾二十年，于卑诗省、阿尔伯塔省与安大略省注册为投资组合管理人。曾任富兰克林邓普顿区域销售经理，其后创办并经营面向私人客户与机构的投资管理业务。

Jessica carries the Canadian registrations that let INP manage capital rather than merely introduce it. She is accountable for how investment decisions are documented and how the firm represents itself to investors.

INP 在加拿大的注册资质由她承担——这也是这家机构能够管理资金、而不只是牵线介绍的原因。投资决策如何留痕、INP 如何向投资人陈述自己，由她负责。

Jasmine Gao

Vice President, Investment

Sources, evaluates and executes early-stage investments across North America, Australia and Asia-Pacific, and works with companies after investment. Based in Toronto, she meets companies at INP’s space inside Communitech in Waterloo Region. Before INP she worked on fundraising and M&A transactions at Zero2IPO Capital and on fund raising at Huili Fund. Master of Finance, Tulane University.

负责北美、澳大利亚与亚太地区早期投资的项目获取、评估与执行，并参与投后工作。常驻多伦多，在 INP 位于滑铁卢地区 Communitech 的空间里与企业见面。加入 INP 之前，曾在清科资本参与融资与并购交易，并在 Huili Fund 参与基金募集。杜兰大学金融硕士。

Jasmine has carried positions from a first meeting through to a public listing and to an acquisition by a Nasdaq-listed company, so she underwrites early-stage companies already knowing what an exchange or a buyer will later ask of them.

她带过的项目，从第一次见面一直走到公开上市、以及被一家纳斯达克上市公司收购——所以她在承销早期公司时，心里已经清楚交易所和买方日后会问什么。

Fei Feng冯菲

Vice President, Investment

Based in Shanghai, Fei works on diligence, investment decisions and portfolio support across INP’s Greater China activity, and has done so for more than eight years.

常驻上海。冯菲负责大中华区的尽调、投资决策与投后支持，已在 INP 八年多。

Fei’s depth is in energy transition, embodied AI and advanced manufacturing — sectors where a technical claim has to survive a factory, a fleet or a grid before it means anything. More than eight years underwriting in Greater China is where that judgement came from.

冯菲的积累集中在新能源、具身智能与先进制造——在这三个赛道里，一项技术主张要先经得起工厂、车队或电网的检验才算数。这份判断来自在 INP 八年多、持续在大中华区做承销。