Canada, China seek win-wins

China Daily (Canada) - - FRONT PAGE - By LI NA in Toronto re­nali@chi­nadai­lyusa.com

“Be­fore my first trip to Toronto, I had no ideas about do­ing any busi­ness or in­vest­ment in Canada, specif­i­cally for the ven­ture cap­i­tal in­vest­ment,” Xue Jun, found­ing part­ner and man­ag­ing di­rec­tor of TusPark Ven­tures, told China Daily at the open­ing cer­e­mony of China-Canada In­no­va­tion Park (CCIP) held on May 12 at Toronto Metro Con­ven­tion Cen­tre.

Af­ter just seven months, at the 2014 Dis­cov­ery, Canada’s pre­mier in­no­va­tion show­case hosted by the On­tario Cen­ters of Ex­cel­lence (OCE), Xue Jun and other co-founders wit­nessed the in­au­gu­ra­tion of CCIP and its In­vestor Al­liance.

Wang Han­guang, chair­man and CEO of Han Hai In­vest­ment and Man­age­ment Group, the pri­mary founder of CCIP, brought Xue Jun to Toronto, where they vis­ited many great in­no­va­tion or­ga­ni­za­tions — such as OCE, MarS, Com­muneTech, Omers and BDC — in On­tario.

“I was amazed by the solid eco-sys­tem to pro­mote tech­no­log­i­cal in­no­va­tion,” Jun Xue re­called. “I re­al­ized that On­tario had a great busi­ness op­por­tu­nity to link its in­no­va­tion ca­pac­ity with the huge mar­ket of China.”

As a plat­form to con­nect the Chi­nese cap­i­tal mar­ket to in­no­va­tive Cana­dian tech­nolo­gies, CCIP will cre­ate new op­por­tu­ni­ties for sci­en­tific col­lab­o­ra­tion, knowl­edge shar­ing and ac­cess to emerg­ing mar­kets and co-in­vest­ment op­por­tu­ni­ties be­tween On­tario and China.

“OCE is pleased to build this part­ner­ship with CCIP,” said Tom Corr, pres­i­dent and CEO of OCE. “We see tremen­dous mu­tual ben­e­fits com­ing out of this part­ner­ship and ties be­tween our two economies.”

“CCIP is not only a busi­ness in­cu­ba­tor for star­tups of tech­nol­ogy trans­fer, but also an open plat­form for all in­no­va­tion re­sources, or­ga­ni­za­tions, people and cap­i­tal from China and Canada,” said Wang.

Other part­ner­ship agree­ments signed at the 3rd An­nual On­tar­i­oChina Tech­nol­ogy Trans­fer and R&D Col­lab­o­ra­tion Fo­rum (OCTTCF) in­cluded deals be­tween the Univer­sity of Toronto and Pek­ing Univer­sity, Western Univer­sity and Bei­jing Si­noBioway Group, Univer­sity of Guelph and Suzhou Joint Sino-Canada Agri­cul­ture Sci­ence and Tech­nol­ogy Co.

The OCTTCF, co-or­ga­nized by the On­tario Min­istry of Re­search and In­no­va­tion and Min­istry of Eco­nomic De­vel­op­ment, Trade and Em­ploy­ment (MRI/MEDTE), and Chi­nese Con­sulate in Toronto, brought to­gether govern­ment of­fi­cials, ex­perts in leading in­no­va­tion in­sti­tutes, tech­nol­ogy com­pany ex­ec­u­tives and tech­nol­ogy in­vestors from On­tario and China, to dis­cuss the ex­pe­ri­ences and lessons of tech­nol­ogy trans­fer and R&D col­lab­o­ra­tion, ex­plore ven­ture cap­i­tal and an­gel cap­i­tal in­vest­ment op­por­tu­ni­ties in On­tario and China. 82 do­mes­tic rep­re­sen­ta­tives from China and 200 coun­ter­parts from Canada par­tic­i­pated in the fo­rum.

“Where op­por­tu­ni­ties and ob­jec­tives align, a pre-ar­ranged one-onone part­ner­ing meet­ing pro­gram will be fa­cil­i­tated for On­tario and China del­e­gates to fur­ther ex­plore pos­si­bil­i­ties for col­lab­o­ra­tion in the ar­eas of ICT, life sci­ences, clean tech­nol­ogy and ven­ture cap­i­tal in­vest­ment,” said Yang Shao­jun, Chi­nese con­sul and head of the Depart­ment of Sci­ence and Tech­nol­ogy Af­fairs in Toronto.

“Es­tab­lish­ing sci­ence and tech­nol­ogy re­la­tions with China is a pri­or­ity for On­tario based on the prin­ci­ple of mu­tual ben­e­fit,” said Blair Poetschke, di­rec­tor of trade at MRI/MEDTE.

In 2008, this strate­gic part­ner­ship was for­mal­ized with a Me­moran­dum of Un­der­stand­ing (MOU) be­tween the govern­ment of On­tario and the min­istry of sci­ence and tech­nol­ogy of China.

With the im­ple­men­ta­tion of the MOU, more and more R&D and com­mer­cial­iza­tion part­ner­ships have been de­vel­oped be­tween On­tario and China, gen­er­at­ing sci­en­tific and eco­nomic ben­e­fits for both ju­ris­dic­tions.

“We have got fund­ing from lo­cal cities in China through bundling the tech­nol­ogy and build­ing col­lab­o­ra­tions with the cities,” John Capone, vice-pres­i­dent of re­search at Western Univer­sity said of his ex­pe­ri­ence at OCTTCF.

“It’s re­ally a great strat­egy for On­tario com­pa­nies to co­op­er­ate with China in the early stage to fa­cil­i­tate their busi­ness,” said Clau­dia Kry­wiak, vice-pres­i­dent of cor­po­rate plan­ning and de­vel­op­ment of OCE.

“China has made great progress in in­tel­lec­tual property (IP) pro­tec­tion; our patents have seen ma­jor ad­van­tages in the mar­ket,” said Choong- Chin Liew, co-founder and chief sci­en­tist of Golden Health Di­ag­nos­tics Inc/GeneNews Inc in Canada.

“What sur­prised me is the largest pop­u­la­tion and needs in China, we will prin­ci­pally be fo­cused on China as China can pro­vide the ex­cit­ing op­por­tu­ni­ties,” said Ni­cholas Parker, found­ing man­ag­ing part­ner of Global Ac­cel­er­a­tion Part­ners.

The na­tional strat­egy of in­no­va­tion-driven de­vel­op­ment pro­vides a fa­vor­able in­no­va­tion en­vi­ron­ment in China. The Min­istry of Sci­ence and Tech­nol­ogy of China (MOST) has es­tab­lished the Torch High Tech­nol­ogy In­dus­try De­vel­op­ment Cen­ter (Torch Cen­tre) to pro­mote Chi­nese In­no­va­tion en­vi­ron­ment.

“Through build­ing a tech­nol­ogy trans­fer co-op plat­form and transna­tional tech in­cu­ba­tor, fund­ing the trans­ac­tional tech­nol­ogy trans­fer and en­hanc­ing the IP pro­tec­tion, we are seek­ing a win-win co-op be­tween China and Canada,” said Yang Yuecheng, deputy di­rec­tor of Torch Cen­ter, MOST.

LI NA / CHINA DAILY

Guests pose at the open­ing cer­e­mony of China-Canada In­no­va­tion Park (CCIP) held on May 12 in Toronto Metro Con­ven­tion Cen­tre, Blair Poetschke (sec­ond from left), Tom Corr, Yang Yuecheng, Wang Han­guang, Qian Qiao and Xue Jun.

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