Claimed to be one of the biggest ever single investments into British innovation, Future Planet Capital, 8GT, SZQH Sunflower and TRD Investment have collaborated to promote technologies between the UK and China.
Beijing/China – Future Planet Capital, the global innovation platform connecting the world’s largest investors to the best minds in order to address global challenges has signed a Memorandum of Understanding with Eight Great Technologies Fund (8GT), Shenzhen Qian Hai Sunflower Financial Services (SZQH Sunflower) and Jian Xin Tian Ran Investment Management (TRD Investment) to collaborate on commercialising technologies and promoting innovation between the UK and China.
The agreement was signed during UK Prime Minister Theresa May’s state visit to China and witnessed by Secretary of State for International Trade Liam Fox and President of Chinese Health Information and Big Data Association Jin Xiaotao. It serves an example of the enhanced Golden Era in Sino-UK relations and is one of several recent commercial announcements, collectively worth around 1.9 billion dollars (£1.4 billion).
SZQH Sunflower and TRD Investment will in principle invest $470 million in healthcare innovation and bio-technology between the UK and China. Such collaborations may include the engagement with 8GT, in partnership with FPC, as well as investment into Eight Great Technologies China UK Technology Fund, a dedicated China-UK venture capital and growth fund.