Fund set up to help tech startups
Print Edition
CHINA and Finland have set up a fund that will pool money from Chinese and Finnish enterprises to invest in innovative startups and joint technology projects.
The 40-million-euro (US$46 million) fund, agreed at a forum in Beijing technology hub Zhongguancun, will focus on clean technology, games, information, telecommunications and new-energy sectors in northern Europe and the area around the Baltic Sea.
Zhongguancun also hosted Slush, a Finnish non-profit event aimed at giving startups and tech talent the opportunity to meet investors.
The first “Slush China” was attended by Nokia Board Chairman Risto Siilasmaa and executives of a number of Chinese firms including Tencent and Alibaba.
The events came after Zhongguancun on Sunday announced plans to overhaul its main street to provide building space for tech startups, technological financiers and big data firms, among other sectors prioritized for development by the government.
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