HTGF takes startups to China
Posted on 16 November, 2015 by Mark Chatterley, reporter
High-Tech Gründerfonds and investment bank Donghai Securities agree to cooperate to help German companies expand into the Chinese market.
High-Tech Gründerfonds, the Germany-based public-private venture capital investment firm, has arranged a cooperation agreement with China-based investment bank Donghai Securities.
High-Tech Gründerfonds, part owned by the government of Germany and government-owned development bank KfW, will work with Donghai to provide German technology companies with access to the Chinese market.
As part of the agreement Donghai will support the selected businesses by offering access to expertise and contacts in the Chinese market along with capital resources for production and market launch.
The deal forms part of China and Germany's Action Outline for China-Germany Cooperation, announced last year, to cooperate in the industry 4.0 sector, a collective term for what is considered by some as the fourth industrial revolution and includes areas such as automation, data exchange and manufacturing technologies.
Kai Desinger, initiator of the cooperation agreement, said: “Life science and cleantech startups face the challenge to spend a lot of energy in market and production structure if they want to expand into foreign countries.
“Besides this product development is very capital-intensive. Without strong partners in the new market this challenge is not feasible. The Asian market has a lot of potential. I am very happy that I could initiate the cooperation with Donghai Securities.”
Zhu Kemin, chairman of Donghai, said: “In cooperating with Europe’s most active seed fund, we see an outstanding opportunity to establish urgently needed technologies and business concepts from the fields of life sciences, clean tech and industry 4.0. Thanks to our capital and market expertise, all participants win.”
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