The University of California [UC] has opened a “liaison
office” in Beijing to provide opportunities for UC startups to access China’s
large market for products and services as well as its venture capital
market. The press release states, in
part:
Office Opening
In June, 2018, UC’s Office of Innovation and Entrepreneurship
(I&E) established a liaison office in Beijing at TusStar, a leading tech incubator and
early-stage investment fund. The key objective of this liaison office is to
provide business development and business-matching services as well as overall
administrative support to UC startups looking to expand their business in
China.
TusStar operates over 160 incubators globally; it has
deployed over $2 billion in investment capital since 2001. It is owned by
Tus Holdings, a large integrated
enterprise with 500+ subsidiaries and $15+ billion in investment
capital.
The new UC office will be located inside TusPark, the largest
science park in Zhongguancun, the “Silicon Valley hub” of Beijing where
multinational tech companies, such as Google, are based.
Key Objective
The creation of this new office and relationship with TusStar
will help UC startups connect with resources to market their products to
Chinese customers, find additional sources of investor funding, connect with
strategic manufacturing and distribution partners, and network with other UC
alumni and UC entrepreneurs in China.
The Beijing office will also provide UC’s Office of
Innovation and Entrepreneurship with the necessary business network and program
support to coordinate alumni events and other programs connecting with Chinese
investors and industry partners, i.e., cross-border tours, pitch competitions,
conferences, forums and symposiums.
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