InnoAngel Fund writes the first check for very young founders and then decides how much more to invest based on how the company performs, and it splits itself into two parts—one for fast early bets and another that can put over RMB 100 million into a single company for heavier, longer-term support. It has backed unusual deep-tech projects like ultrasound brain-computer interfaces, small nuclear reactors, AI systems that generate synthetic hospital data, and biomolecular design labs, often alongside Tsinghua-linked teams, and it was an early investor in Insta360 before the company became a major public hardware brand.