Brexit busters launch Cambridge-China alliance
Cambridge Accelerate – marketed as China’s leading startup accelerator – has joined forces with Incubyte and the Cambridge Innovation Park to launch a new hothouse for two-way trade anchored in Europe’s top science & technology cluster.
The Cambridge Innovation Park China Centre (CIPCC), unveiled today, aims to encourage and facilitate reciprocal investment and international expansion for Cambridge UK and Chinese companies.
The collaboration signifies the start of what CIPCC hopes will be a long and fruitful partnership between Cambridge and China and will lead the way in global investment partnerships as the UK prepares to exit the European Union.
Incubyte founder and CEO, Rob Precious, said: “This is a fantastic opportunity for Incubyte to forge stronger relations with our Chinese partners and we’re excited to be able to offer the businesses that we’re working with the ability to work alongside some of the innovative businesses coming out of China.
“As the UK moves into a new era, Incubyte is delighted to be taking the lead with forward thinking global partnerships.”
Jenny Wong, founder and CEO of Cambridge Accelerate, added: “We’re thrilled to be joining forces with Incubyte to help develop some of the fantastic technology being developed in both the UK and China.
“There’s never been a better time for our two nations to be collaborating more closely.”
Incubyte is the brainchild of Rob Precious who in his capacity as a serial technology investor and mentor has seen several successful exits and is currently invested in a number of exciting new opportunities.
By providing collaborative working space and the option of a structured incubation process, Incubyte expects to generate opportunities for inward investment from a panel of business angels.
Cambridge Accelerate has been established by Jenny Wong, a graduate of the Cambridge University Judge Business School’s EMBA course.
The enterprise offers spaces within prime locations in cities across China to promote cooperation between Chinese and UK technology companies. It helps global entrepreneurs successfully enter the Chinese market or utilise resources and capital available in China to grow in the international markets.
Sterling House at Cambridge Innovation Park in Waterbeach combines premium serviced office space with additional amenities to create a productive environment for hi-tech companies – from their inception to the point at which they need to start scaling up.
Another important Cambridge-China initiative is set to make its bow on June 4 – the launch of the new Cambridge China Centre.
Managing director Jinzhao Li says that by connecting entrepreneurs, business associates, academia and governments, Cambridge China Centre is designed as a bridge that gives members the opportunity to build relationships and create a powerful network with each other, transfer knowledge and discover fresh business opportunities.
“With roots in both Cambridge and in China and a deep and sympathetic understanding of both English and Chinese cultures, we have confidence that the Cambridge China Centre will be able to help link Cambridge and China in many positive and constructive ways,” the founder says.
More than 150 dignitaries from government organisations, businesses and Cambridge colleges from Cambridge and China will be attending the invitation-only launch, including Business Weekly.