We asked Dr Jerry Wu, Head of Investments in TusPark, about the key technological and business trends in the UK and China.
TusPark is a spin-out from Tsinghua University and is the largest science park operator in the world. 3 years ago, the company entered Cambridge, UK, through a joint venture with Trinity College. TusPark has since invested over £220 million into the Cambridge innovation ecosystem, focusing on life sciences and deep-tech. Conversely, IoT, Fintech and Renewable Energy are the focus of TusPark Newcastle which was established through a partnership with Barclays Eagle Labs.
Dr Wu said that there is a wealth of technologies that have been developed in the UK which have yet to reach China, particularly in life sciences, healthcare and deep-tech. Therefore, TusPark aims to fill China’s technological gaps by providing UK companies with access to the massive China market.
To bridge China and the UK, TusPark provides funding to grow innovative early-stage UK companies. Dr Wu said that his investment approach is to identify disruptive technologies as early as possible, particularly looking at academic spin outs with strong IP protection. TusPark also operates offshore funds that provide larger funding for later stage companies in addition to connecting portfolio companies to the right global investors for their future funding rounds.
In addition to financial capital, TusPark provides the network and infrastructure to help companies expand overseas. With an extensive network of top talents spanning 22 countries, TusPark helps portfolio companies to build their commercial teams. To facilitate rapid expansion, TusPark also provides portfolio companies with real estate assets from offices to wet labs in the countries that they expand into, in addition to connecting them with suitable joint venture partners.
To find out more about TusPark, check out their website: