2018-05-08: CAMP3.0 Opening: Continuously Deepen the Sino Canadian Cross border Ecosphere and Discover the “Gems” of Overseas Science and Technology
f you are a start-up with world-class ambitions, please take a closer look at CAMP. It provides important connections through a group of wise mentors, which is not available elsewhere. Randall Howard, executive partner of VERDEXUS, said this about CAMP.
The picture is: Group photo of the guests and contestants at the opening ceremony of the third phase of the China Canada Joint Venture Camp
On March 23, the third phase of CAMP was opened in Beijing. In addition to the excellent entrepreneurial teams selected in CAMP3.0, some overseas teams selected in the final of Zhongguancun U30 also participated in the opening ceremony, starting a two-week “gold digging” trip in China.
The picture is: Yang Jun, Vice President of CCAA, presides over the CAMP opening ceremony
CAMP is an international virtual accelerator program jointly sponsored by Haidian Park Management Committee of Zhongguancun Science Park, Ontario Center of Excellence (OCE) and China Canada Angel Alliance (CCAA), and undertaken by Zhongguancun Dahe Capital. Each year, about 10 companies are selected from hundreds of start-up projects in Canada to receive virtual incubation. The selected companies will receive equity investment from CCAA, up to 300000 Canadian dollars, In addition, the founders of the company selected for CAMP plan will be invited to China to participate in a two-week entrepreneurship training camp. The content includes learning and communication with Chinese investors and excellent entrepreneurs, and visiting excellent domestic enterprises.
The picture is: Lin Jianhua, Executive Deputy Director of Haidian Park Management Committee of Zhongguancun Science Park
Lin Jianhua, Executive Deputy Director of Haidian Park Management Committee of Zhongguancun Science and Technology Park, visited the opening ceremony of the third phase of China Canada Joint Venture Camp and introduced the development status and future planning of the core area of Haidian Science and Technology Innovation Center to entrepreneurs from Canada in detail. Lin Jianhua said in his speech that Haidian is the core area of the national science and technology innovation center. As a pioneer of the national innovation driven development, it has cultivated a number of superior leading high-end industries, including the new generation of information technology, artificial intelligence, intelligent hardware, biomedicine, culture and technology and other high-end fields. Haidian will strive to take the lead in building a science city with global influence, accelerate the building of a higher level innovation and entrepreneurship demonstration zone, welcome innovation entrepreneurs from all over the world to Haidian District for development with an open mind and a good policy environment, and wish the China Canada Joint Venture Camp a complete success.
The picture is: Wang Tong, founding partner of Zhongguancun Dahe Capital
Wang Tong, founding partner of Zhongguancun Dahe Capital, said that China has achieved rapid development in the past 40 years and is now leading the world in many aspects, including intelligent manufacturing, biomedicine, big data and other industries. Wang Tong uses four M’s to describe the current China, Market, Manufacture, Money and Motivation by Chinese government. China’s innovation has entered a new stage, with more and better bottom innovation and top innovation. At this time, it needs to be in line with international standards and more global cooperation. Canada has a lot of world leading technologies. It hopes to introduce Canadian scientific and technological innovation into China, combine it with China’s huge market, and generate huge collaborative innovation. This is also the original intention of CAMP. It hopes that overseas entrepreneurs can find opportunities in China, expand business markets in China, and make friends with China’s ecosystem.
Title: Danielle Graham, representative of OCE Ontario Center of Excellence
Danielle Graham, representative of OCE Ontario Center of Excellence, said: OCE pays attention to cross-border cooperation and hopes that Canadian technology innovation leaders who come to China this year will gain in many ways. OCE is one of the most important early science and technology innovation enterprise support institutions in Ontario, Canada, supported by the government and public funds. As the core platform of Ontario’s cutting-edge technology, scientific research and technology commercialization, OCE serves many fields, including medical care, information and communication technology, digital media, high-tech materials and manufacturing, and aerospace. It is reported that CAMP3.0’s investment in this year’s project will increase to a maximum of 300000 Canadian dollars, and OCE will also make potential joint investment according to its project standards.
The project highlights the “gem” of Canadian science and technology.
Among Canada’s numerous industrial clusters, financial services, life sciences, clean technology and renewable energy, artificial intelligence, information and communication technology, and advanced manufacturing are regarded as competitive industries. The entrepreneurial team of CAMP this time mainly focuses on artificial intelligence, new materials, environmental protection technology, intelligent manufacturing and other fields. For example:
At the beginning of the year, BOCO Technology completed a new financing of 3.5 million Canadian dollars. Using its patented technology and manufacturing process, it can extract a kind of nano biological material called chitin nanowhisker (CNW) from crustacean biological shells such as shrimp and crab. Adding a small amount of it to other polymer materials can greatly improve the material performance, and has obvious advantages in environmental protection and price.
TeTechS has developed a new measuring scheme for plastic containers by using terahertz technology, which can conduct fast non-contact non-destructive testing for single-layer and multi-layer plastic bottles or containers at a high efficiency and low cost.
Sheba Microsystems, as the world’s first AFMEMS camera that uses image sensors to move, has raised the performance of micro cameras in ultra-thin, high-speed, high-precision and low energy consumption to a new height.
Logit AI, a data analysis engine developed by Logit, can find “clues” from users’ daily life styles and behavior patterns, predict and prevent physiological and mental health problems such as mental fatigue, injury, illness, etc.
Genecis is exploring ways to treat food waste with both economic and environmental benefits, which can transform food waste into raw materials with higher value, such as PHA (polyhydroxyfatty acid ester) bioplastics and fertilizers… These Canadian “gems” of science and technology are changing the world with science and technology.
Take Canada as the starting point and gradually set up the international signboard.
As far as the ecological environment of scientific and technological innovation, entrepreneurship and investment is concerned, Canada has developed economies, super large North American urban clusters, complete industrial supporting facilities, good support for property rights protection, high-quality universities and top research institutions, high-quality talents trained by the North American education and research system, diversified and leading entrepreneurial incubator and accelerator organization clusters, Various active and experienced investment institutions and investor groups, as well as government and non-profit organizations that provide a series of support for innovation, entrepreneurship and scientific research transformation. All these elements make Canada a hot area for global scientific and technological innovation and entrepreneurship.
The early birds in China, represented by the CCAA China Canada Angel Alliance, including the government, science and technology enterprises and the venture capital industry, have already stepped out of the early exploratory stage, started to integrate into Canada’s local mainstream science and technology venture capital ecosystem, and began to enjoy the “dividends” brought by in-depth exchanges.
Canada is just the starting point for Chinese capital that has already begun its international layout. The investment roadmap of China Canada Joint Venture Camp is based on Canada, starting from Canada to Silicon Valley, expanding to Israel, Germany, Japan and other countries and regions in the future, and eventually covering the world, so as to open the international signboard to support innovation and entrepreneurship.
It is understood that this year’s CAMP3.0 members will visit Shenzhen, Hong Kong and other cities in addition to Beijing for in-depth exchanges with local governments and enterprises. The specific itinerary includes visiting Meituan, Didi, Xiaomi, the Chinese Academy of Sciences, Tencent, Huawei and other outstanding enterprises, and inviting Zheng Gang, the founding partner of Zihui Venture Capital, Yang Ge, the founder of Xinghan Capital, Xu Yong, the angel growth camp, Li Zhu, the founding partner of Inno Angel Fund, Wang Tong, the founding partner of Zhongguancun Dahe Capital, and other well-known investors to serve as entrepreneurial mentors to share Chinese opportunities and venture capital for CAMP entrepreneurial teams.
When many people are still questioning and waiting to see whether Canada is a fertile land for science and technology entrepreneurship and venture capital, CCAA and CAMP China Canada Joint Venture Camp have invested more than 30 early-stage technology startups in the United States and Canada for three consecutive years, with a total direct investment of 5.26 million Canadian dollars, 2.025 million US dollars, or about 40 million Chinese dollars. 20 outstanding Canadian technology startups have been organized to study and exchange in Beijing and Zhongguancun, China’s science and technology innovation centers. Visited Baidu, Tencent, Sohu, Xiaomi China Internet Corporation, participated in the training of famous angel investors such as Liu Xiaoying, Xu Yong, Wang Tong, Zhang Yiqin, invited dozens of successful entrepreneurs as entrepreneurial mentors, and successfully held project roadshows and venture capital matchmaking meetings. As of January 2018, 10 start-ups have won various North American entrepreneurship awards, and nearly half of the projects have completed domestic resource docking or landing in China, or completed the second round of financing.
As an important measure to build a China Canada cross-border angel investment platform, CAMP not only opens the door to the Chinese market for Canadian start-ups, but also provides an opportunity for Chinese start-ups to seek cooperation in North America. The CAMP training camp greatly promoted Canadian entrepreneurs’ understanding of China, China’s entrepreneurial environment and China’s venture capital environment; At the same time, it brings new thinking and more understanding of North American innovation to Chinese entrepreneurs and venture capital circles.