UK tech companies compete to join China's startup boom


UK tech companies compete to join China’sstartup boom



Britishstartups gathered at the Google Campus in London on Thursday and competed headto head for a chance to fly to Shanghai and join China’s growing innovationindustry.


Atthe Shanghai International Innovation Competition-UK, eight young companiespitched to a panel of tech experts who quizzed them on their products and theirviability for entry into the Chinese market. The competition plays into China’splans to transform Shanghai into a startup hub to rival those in Europe and theUnited States.


“Shanghaiwants to become a leading innovation center – like Silicon Valley – in China.London plays that role in Europe, so we are connecting the two cities,”said John Zai, CEO of Cocoon Networks, a company that bridges the Chinese andEuropean startup communities that hosted the contest.

科控的执行总裁John Zai谈及,“上海希望成为一个领先的创新中心,打造中国的“硅谷”。“伦敦在欧洲就是扮演这样的角色,所以我们正在尝试寻找连接这两个城市的纽带”,科控作为此次赛事的主办方,就是一家连接中国和欧洲初创社区的公司。

“Thepeople who joined this competition see the future – they see which market willbe the biggest, the market that gives them the most potential to expand, andthat’s China.”


EVADiagnostics, presenting their AnemiPoint device that performs at-home bloodtests, took first prize. They will now fly to Shanghai Bay Valley in Septemberand take part in the competition’s global finals against local startups as wellas fledgling tech companies from Singapore and South Korea. The overall winnerwill receive a cash prize, investment resources and three months free workingspace at a tech incubator in China.


“We’redelighted and honored to have the opportunity to go out to China and startbuilding partnerships and engage in the investment community out there,”said Toby Basey-Fisher, CEO of EVA Diagnostics. “We see China as a verybig growth opportunity for us.”

我非常期待9月上海国际创客大赛的决赛。上海的决赛对于我们欧洲的企业来说是进入亚洲市场的一次千载难逢的绝佳机遇。Eva Diagnostics的执行总裁说。

TheChinese government identified entrepreneurship and innovation as key driversfor economic diversification in a 2015 development report.


“Massentrepreneurship and innovation in itself is a major reform endeavor,”Premier Li Keqiang said in March.


Thegovernment has established more than 1,600 incubators for startups across thecountry, and is armed with the world’s biggest war chest of venture funds.Through State and enterprise funding, about $231 billion was raised in 2015alone, and by April 2016 almost $340 billion was available for tech investment,according to consultancy Zero2IPO Group.



JeffreyTijssen, co-chair of the China working group at Tech London Advocates and oneof the judges on the panel, said that companies like Cocoon act as importantconduits for startups in Europe wishing to exploit the Chinese market.

伦敦科技大使Jeffrey Tijssen说公司像科控这样的公司扮演着重要角色,它是欧洲的初创公司开拓中国市场的重要渠道。

“Alot of startups look at China as the next big frontier,” said Tijssen.


Alongwith EVA Diagnostics, the startups that made the competition’s shortlistinclude: Combat Medical that makes cancer-fighting thermotherapy devices andCupris, whose clinical imaging smartphone software allows patients to remotelyshare diagnostic information with healthcare professionals.

除了EVA Diagnostics,还有治疗膀胱癌的温热化疗设备Combat Medical与利用视觉暂留现象开发出的新型户外媒体新技术的Lightvert公司等参加此次大赛。

文章来源:China Daily


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