SHEnergy is one of the world’s biggest suppliers of electric and gas energy to one of the world’s largest cities and the surrounding area in Shanghai. SHEnergy has a most innovative and creative plan to build an International Energy Innovation Centre (SIEIC) in Shanghai so that enables one of the biggest Chinese state-owned enterprises to take full advantage of the technology evolution in clean environmentally safe fields.
In Cambridge Guildhall on July 28th, in the presence of the Mayor of Cambridge, the Member of Parliament for Cambridge Dr Daniel Zeichner, representatives of Cambridge University and the local government, as well as businessmen and women, a very important agreement was signed, for collaboration between Cambridge, the Chinese company BBD (Business Big Data) and Cambridge Technology Capital Partners – a company established to enable cross border investment between UK and China – to ensure good ideas about the commercialisation of research are turned into REALITY with SHEnergy, China’s biggest company in its field. The Guildhall meeting followed extensive discussions and meetings at Innovation Centres and Science Parks in Cambridge involving the SHEnergy group during their productive visit to Cambridge.
The Memorandum of Understanding signed between Cambridge Technology Capital Partners and SHEnergy, is especially significant since it heralds REAL collaboration and the planning of activities whereby UK organisations would explore tangible channels to participate in one of the biggest deals of its kind. Through the services offered by the BBD Accelerator in London, the building of practical bridges - whereby innovative companies from the UK with China potential and Chinese growth companies seeking entry to UK markets - can all be better facilitated.
The agreement included joint activities in development of a UK & China ecosystem, acceleration programmes for UK companies entering the vast Chinese market through SIEIC, as well as a dedicated fund being set up to enable investment into quality UK companies. Within this framework, both BBD Accelerator and Cambridge Technology Capital Partners would be the principal partners that support the development of SIEIC.
Cambridge Technology Capital Partners and BBD UK are organisations vigorously in support of the kind of UK–China collaboration represented by the SHEnergy programme, with the engagement of UK partners. Watch this space!
Image: SHEnergy delegation, Mayor of Cambridge, Member of Parliament for Cambridge and Representatives of Cambridge University and the local government at Guildhall
About BBD UK
BBD UK is a China-rooted big data fintech company headquartered in Chengdu, China. In 2016, BBD was included in KPMG’s list of “China Leading Fintech 50” and was awarded as the local rising star among start-up companies by Deloitte.
BBD UK is one of the first Chinese Fintech companies to set up in the UK, with a front office in London and a R&D centre in Cambridge. Dedicated in promoting an UK & China cross-country ecosystem. The firm has been taking tangible steps to becoming an advocate for UK & China tech collaboration. BBD UK has set up an accelerator programs that focus on UK & China cross-country activities, with an investment fund attached.
About Cambridge Technology Capital Partners
Cambridge Technology Capital Partners (CTCP) specialises in UK & China cross border transactions. Focus on technology sectors, CTCP is able to combine the advantages of research capacities of the University of Cambridge and the rapid growth of the China’s capital market, with its unique knowledge and skills of being able to distinguish early stage companies that have strong potentials for the Chinese market. CTCP focuses on the planning, management, operations, training and education – rapidly of a functional Innovation Centre, within a broader context of an evolving entrepreneurial ecosystem.
About SHEnergy Group
SHEnergy Group Co., Ltd. is a wholly state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government, formerly the SHEnergy Power Development Company founded in 1987. The Group Company was founded in 1996, with the registered capital of 10 billion yuan.
Shen-Energy group currently owns over 10 companies and subsidiaries including Shanghai Gas Group (SH 600642), Orient Securities (SH600958). The Group has formed an industrial development pattern of "integrating industry and finance with focus on both electricity and gas". At the end of 2016, the company's total assets reached 153.5 billion yuan, with an annual operating income of 34.4 billion yuan, ranked among China's Top 500 enterprises for 15 consecutive years.
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