Launch of Eight Great Technologies China UK Fund - a collaboration with Tsinghua University's VC Fund Leaguer International
February 1, 2018
An MOU, signed in Beijing on Thursday at a Future of Medicine meeting between UK Trade Secretary Liam Fox and Chinese Deputy Health Minister Jin Xiaotao, sees 8GT and Tsinghua University’s venture capital business Leaguer International agree to create a £560m (RM5bn) “Eight Great Technologies Sino UK Investment Fund”.
This in turn will be divided into two sub-funds:
The first sub-fund will be UK-based, investing directly into British technologiesy funds that have a product oran application relevant for a China perspective in the future.
The second sub-fund will be China-based and invest directly into RMB investments in China that are the results of UK technology companies establishing joint-ventures, partnerships or international expansion into China.
Leaguer International Co., Ltd is a wholly owned subsidiary of Leaguer Group Co., Ltd, the exclusive operating platform for the Research Institute of Tsinghua University in Shenzhen (RITS). Leaguer International acts as the sole operation platform for all cross-border business of the group, including but not limited to cross-border project incubation, acceleration and investment. Founded in 1999, the core mission of Leaguer Group is boosting regional development through technology transfers and commercialization with strong research and development capabilities and broad resources all over the world.