Uk and Chinese firms join forces in clean tech alliance

Cambridge brains are set to collaborate with one of China’s biggest energy companies to help bring new clean tech ideas to market.

A memorandum of understanding has been signed between Shanghai-based SHEnergy and Cambridge Technology Capital Partners, a company established to enable cross border investment between UK and China.

The deal was signed in a ceremony held at The Guildhall to mark the culmination of a visit to Cambridge by SHEnergy executives, where they met with companies on the city’s science and innovation parks.

SHEnergy plans to plan to build an International Energy Innovation Centre (SIEIC) in Shanghai, which will be a hub for the development and testing of new green energy ideas, and the two companies are planning to work alongside Business Big Data (BBD), a Chinese firm that runs a business accelerator programme in London.

Professor Alan Barrell, chairman of Cambridge Technology Capital Partners, said: “The Memorandum of Understanding signed between Cambridge Technology Capital Partners and the 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 initiatives of its kind.

“We also foresee, through the services offered by the BBD Accelerator, the building of practical bridges for innovative companies from UK with China potential and Chinese growth companies seeking entry to UK markets.

“The agreement includes joint activities in development of a UK and China ecosystem, accelerator programmes for UK companies entering to 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’s MP, Daniel Zeichner, attended the signing ceremony, along with the city’s mayor, Cllr George Pippas, representatives of Cambridge University, local government, and the business community.

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