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In November 2015, the first China Canada joint venture camp was opened in Beijing, and 14 founders and core teams of 10 start-up companies participated in a two-week study, inspection and exchange trip. This year is the fourth year. While many people are still questioning and waiting to see whether Canada is a fertile land for technology entrepreneurship and venture capital, CCAA and CAMP China Canada Joint Venture Camp have invested more than 41 early-stage technology start-ups in the United States and Canada for four consecutive years, with a cumulative investment amount of more than 10 million dollars. Among them, there are many star projects whose valuation has increased by 30 times.

On April 15, the fourth phase of the China Canada Joint Venture Camp opened in Shenzhen. Nine outstanding Canadian science and technology enterprises covering new energy, high-end equipment, nanotechnology, artificial intelligence, machine vision, medical health and other hard science and technology fields made a centralized appearance, opening a two-week learning exchange trip in China.

The picture is: Group photo of the opening of the 4th China Canada Joint Venture Camp

CAMP China Canada Joint Venture Camp is an international virtual accelerator program sponsored by Haidian Park Management Committee of Zhongguancun Science Park, OCE Ontario Center of Excellence, CCAA China Canada Angel Alliance and undertaken by Zhongguancun Dahe Capital. Every year, about 10 companies will be selected from hundreds of start-up projects in Canada to accept virtual incubation. The selected companies will receive equity investment from CCAA, up to 300000 Canadian dollars. In addition, the founders of the selected companies of 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: Yang Jun, President of CCAA CAMP presided over the opening ceremony of the fourth China Canada Joint Venture Camp

On the day before the opening of the camp, at the Shenzhen International Championships, known as the “Innovation Olympics”, the fourth camper enterprise of CAMP China Canada Joint Venture CAMP Qidni, the world’s smallest blood purification system, the third camper enterprise Genecis, the environmental protection plastic microbial factory, and the fourth camper enterprise ultra-high temperature multi-functional sensor FIBOS competed with 137 high-tech projects from 10 innovation cities around the world, They won the first, second and third prizes respectively, becoming the biggest winner of this competition.

The picture is: Wang Tong, founding partner of Zhongguancun Dahe Capital, delivers a speech at the opening ceremony

Wang Tong, the founding partner of Zhongguancun Dahe Capital, thanked the guests who participated in the venture camp and said: Zhongguancun Dahe Capital is a venture capital fund committed to investing in the full life cycle of enterprises. Currently, it manages tens of billions of funds, including early angel funds, VC, Pre IPO and M&A master funds. Four years ago, we decided to carry out international innovation cooperation as a long-term task of Zhongguancun Dahe Capital. Because China, which has a huge market, rich industrial resources and strong industrial manufacturing capacity, has reached a new stage. It has enough capital and ability to go global, but China still lacks top-level and low-level scientific and technological innovation.

Canada has a bright high-tech, mature innovation ecosystem, good intellectual property protection, high-quality universities and top research institutions, and many complementary advantages with China. So we launched CAMP China Canada Joint Venture Camp, hoping to help Canadian innovation and entrepreneurship enterprises to open up a new market, make good use of China’s huge market and mature manufacturing capacity, and help China develop and improve science and technology better.

The picture is: Ms. You Ya, Director of Overseas Returned Entrepreneurship College (Shenzhen and Hong Kong), the European American Homecoming Association, delivers a speech

This CAMP China Canada joint venture camp was successfully opened in Shenzhen, which is inseparable from Galaxy, LinkedIn and the European and American Students Association Strong support from Overseas Returned Entrepreneurship College (Shenzhen and Hong Kong). With the mission of cultivating new industrial core, Galaxy LinkedIn has integrated a multi-level innovation service system of space operation, entrepreneurship incubation and equity investment. The two sides will also strengthen exchanges and cooperation in the future to jointly help overseas enterprises develop in China.

The picture is: Tom Cumming, Consul and Senior Commercial Commissioner of the Canadian Consulate General in Guangzhou, the People’s Republic of China, delivers a speech at the opening ceremony

Tom Cumming, Consul of the Canadian Consulate General in Guangzhou, the People’s Republic of China and Senior Commercial Commissioner, said at the opening ceremony: I know that the Canadian government strongly supports the CAMP China Canada Joint Venture Camp, because it can bring a lot of innovative cooperation, and further exchanges between Chinese and Canadian capital and enterprises, investors and entrepreneurs. I thank all parties for their unremitting efforts in this process. At the same time, I want to talk about what we can do for you? We can provide you with support on the Chinese market, get ready to enter China, tell you how to develop cooperation with Chinese partners and protect intellectual property rights, and provide you with some relevant industrial investment and association resources. Finally, I want to say that in your financing process, it is not the key to obtain capital, but to find a suitable partner.

Caption: Benton Leong, Executive Director of GTAN, shared at the opening ceremony

Benton Leong, the executive director of GTAN, as the representative of the Canadian entrepreneurial mentor, said: In the past, I often suggested that Canadian entrepreneurial enterprises: if you develop new products, you must not just focus on the Canadian market. You should go to the United States, go to Silicon Valley, and develop, because the speed of change for them is very fast. But now I will tell them that for the right enterprises, you should go to China (of course, not all enterprises are suitable for going to the Chinese market), because China has grown into a very powerful and mature business driving country in a short time. The Chinese market and Chinese capital can help you succeed. I also hope that in the next two weeks, you can learn from commercialization experts and venture investors, and achieve successful commercialization in China.

With the enhancement of China’s economic strength, China’s local capital is also seeking the path of international development. 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. In the past four years, CAMP has organized three phases of China Canada joint venture camp activities, tutored and supported more than 40 overseas projects, organized visits to Baidu, Tencent, Huawei, Meituan, APUS, Plug and Play, BAIC New Energy and other large enterprises, participated in the training of dozens of famous investors, and successfully held several project roadshows and venture capital matchmaking meetings to help enterprises land in China and obtain investment.

In addition to capital, CAMP China Canada Joint Venture Camp pays more attention to the added value of capital. “Money also needs to have an added value. There is a reason why entrepreneurs should take money from China. If there is no industrial resources, human resources, or government relations, money is just money, and it is difficult to help enterprises.” This is what Wang Tong, the founding partner of Zhongguancun Dahe Capital, often said, and what CAMP China Canada Joint Venture Camp has always insisted on.

From April 15 to 28, the 12 founders and core personnel of 9 outstanding Canadian technology startups in the fourth CAMP China Canada Joint Venture Camp will carry out learning exchanges in Shenzhen and Beijing respectively. The specific itinerary includes visiting Tencent, Foxconn and Xinghe World, Shenzhen Stock Exchange Expo Center, Youbixuan, Dongxu Group, Chinese Academy of Sciences, BAIC New Energy and other outstanding enterprises were invited to Liu Xiaoying, founding partner of Eagle Fund, Zhao Chen, managing partner of Plug and Play, Tan Lin, CEO of Microsoft Global Accelerator in Beijing, Zhu Xiaocheng, founding partner of Zhenyun Venture Capital, Zhu Shengli, deputy general manager of Ziguang Zhanrui 5G business line, and Hu Xiaowei, general manager of Paifu intellectual property investment and operation, Hu Wenli, deputy general manager of Qingyan Science and Technology Venture Valley, served as a mentor for well-known investors and industry experts to share Chinese opportunities and venture capital for CAMP venture teams. It is also hoped that these two weeks will leave a seed in the minds of these overseas entrepreneurs. In the near future, they will be able to take root, sprout and grow continuously, and finally bear fruitful fruits in China and Canada.