GSR Ventures and Tsinghua SEM have signed an agreement to launch the GSR Bonus Fund for Innovation and Entrepreneurship onOctober 16, 2007. The Fund was established aiming to support SEM faculty's teaching and research in innovation and entrepreneurship areas, to award the winners in students entrepreneur contest, to support SEM young faculty member’s overseas studies and to invite foreign professors and experts to China to carry out academic exchanges and deliver courses.The GSR Bonus Fund has a council and a management committee.

The donation ceremony was held at Shunde Building of Tsinghua SEM. Wu Shenjun, Chairman of the Board of Directors of GSR Ventures and Professor Chen Guoqing, Associate Dean of Tsinghua SEM signed the donation agreement. Since it takes effect, the GSR Venture will make a donation worth of over RMB 10 million to Tsinghua SEM.

GSR Ventures is a venture capital fund that invests primarily in early stage technology companies with substantial operations inChina. GSR currently has about $300 million under management. It also has an affiliation with Mayfield Fund, and manage MayfieldChinatogether with Mayfield. The company has representative offices inBeijingandSilicon Valley.