11th China UK Entrepreneurship Competition & The Launch of GBP 30 million China UK Enterprise Investment Fund
GBP 30 million to support UK SMEs to grow with investment from China.
Support organisations: North East Innovation Observatory, Offshore Renewable Energy Catapult, Satellite Application Catapult, Department of international Trade North East, Cocoon Networks.
The GBP 30 million GBP China UK Enterprise Fund (CUEF) will be provided by a group of Chinese investors via the UK government-backed Tier 1 Entrepreneur visa scheme. It is expected to fund 60 – 100 companies across the UK by Chinese investors who would be interested to join the companies with both capitals and business resources. This Fund will be jointly run by Ying De Group and China Innovation and Development Association UK (CIDAUK) and ready to operate in July 2018.
The competition will be launched at an event to be held at the Cocoon Networks (London) on 16 July 2018. Mr Boshu Liang, Chief Representative of China State Office of Foreign Talents Exchange, will deliver the welcome speech. Other speakers include:
- Ms Desiree Qiu Xu, Operations Director, Ying De Group
- Mr Ian Dixon, Access to Finance, Business Growth Hub (Manchester)
- Mr Jack So, Community and Event Manager, Cocoon Networks
- Mr Stephen Ringler, Head of Future Business for the Satellite Applications Catapult
- Mr Mark Jarman, Head of Earth Observation (EO) and Agri-Tech Lead at the Satellite Applications Catapult
- Hugh Mortimer, Chief planetary scientist. Rutherford Appleton Laboratory
- Cliver Blacker, Director of Precision Decisions
- Representative from Leeds University
- Yu Xiong, Chairman of the China UK Entrepreneurship Competition
- Representative from Northumbria University
- Representative from UEA
- Mr Vinod Tailor DL, Deputy Lieutenant of Bedfordshire
This event is targeted at intermediaries who assist SMEs in their fundraising as well as the SMEs themselves. Please click the below link for event registration.
Ying De Group was founded in 2008 and has since been facilitating cooperation between Chinese investors and various groups within the UK business sector that are looking for funding. Through the Tier 1 Entrepreneur visa scheme, Ying De Group has successfully introduced GBP 40 million funding to almost 200 companies across the UK to date. Ying De Group provides efficient, professional solutions and boasts an extensive base of prudent Chinese investors and enterprises. In CEIF, Ying De Group will ensure the good governance of the fund and talents as well as and the best interests of both the businesses and the investors.
CIDAUK serves as a bridge between the UK and China for exchange of trade, education and culture and a coordinator of local Chinese Organisations. It has fully utilised the potentials of local and overseas Chinese to achieve a series of goals by providing opportunities for professionals, scholars, executives, business owners and government officials of the two countries. CIDAUK will bring resources, talents, networks and even free spaces of incubation for start-up companies. CIDAUK could incorporate those resources from both China and the UK to ensure the success of this programme.
The purpose of the fund is to participate in and shape the growth of the UK economy following the challenges posed by Brexit. To achieve this objective, CUEF will invest in promising SMEs in 9 key sectors to support their growth plans in the UK market and then explore the potential of entering the Chinese market in 3 to 5 years in their respective fields. The sectors include: finance and accounting; education; marketing; engineering; international trading; fashion; IT; construction and media. Companies who are successfully funded by CUEF will also have opportunities to receive follow-on investment from China.
Successful candidates will also have the opportunity to join the final competition of the 11th China UK Entrepreneurship Competition in China with flights and accommodation costs covered. Launched in 2008, the competition aims to encourage business ventures between China and the UK.
Who can apply:
We welcome applications from UK-based SMEs from the above-mentioned sectors, and have at least three years’ financial records. The applicators might look for GBP 300,000 to 600,000 to boost their UK growth plans and have a short or long-term plan for the Chinese market.
Required documents to submit include:
- Your personal information, including your Team name, primary contact person’s name, email and mobile number.
- Business plan;
- Cash flow statements for the past three years and forecast for the future 3 years.
Open date: 16th of July 2018
Recruitment process: ongoing until 5th of November
For companies who submit by 6th of August 2018 will be given priority to be considered and win the opportunities to pitch in China.
To enter this competition:
Click this link below to submit your details.
Chris Leung: firstname.lastname@example.org