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On September 28, the launch ceremony of the China Canada Innovation Forum and the fifth China Canada Joint Venture Camp, one of the activities of 2021 Overseas Mass Entrepreneurship and Innovation Week, was held in Beijing. Chen Rui, Deputy Director of Science and Technology Communication Center of China Association for Science and Technology, Dr. Song Yijun, Representative of Ontario Government in China and Commercial Counsellor of Canadian Embassy in China, Liu Zhishuo, Founding Partner of Zhongguancun Dahe Capital and China Canada Angel Alliance (CCAA), Wang Tong, Founding Partner of Zhongguancun Dahe Capital and China Canada Angel Alliance, Dr. Paul Burrows, Vice President of Jiangsu Industrial Technology Research Institute, Canadian online guests Dr. Tom Corr, the former chairman of Ontario Center of Excellence in Canada, and others attended the meeting together with representatives of Canadian entrepreneurs, large enterprises and investment institutions.

As an important part of the Overseas Mass Entrepreneurship and Innovation Week in 2021, this activity aims to build a bridge for exchanges and cooperation between the government, embassies, China Canada entrepreneurial enterprises and investment institutions, and industrial research institutes, practically promote China Canada scientific and technological innovation cooperation and entrepreneurial culture exchanges, and promote and implement the smooth implementation of international projects.

The activity included the online exhibition of campers and enterprises in the fifth phase of the China Canada Joint Venture Camp, the signing of the cooperation between the China Canada Angel Alliance and Jiangsu Industrial Technology Research Institute, the special topic of the China Canada science and technology innovation course and other links, presenting a China Canada innovation and entrepreneurship cooperation feast for the audience.

At the forum, Chen Rui, deputy director of the Science and Technology Communication Center of the Chinese Association for Science and Technology, said in his speech that 2021 is the fifth year of holding the Overseas Week. Adhering to the concept of win-win cooperation, exchange and mutual learning, and green and low-carbon, he has carried out a number of “Internet plus” innovation and entrepreneurship activities focusing on online and integrating offline, promoted and disseminated the image and spiritual connotation of mass entrepreneurship and innovation brand, and expanded the international influence of innovation and entrepreneurship, It has established a non-governmental channel for innovation and entrepreneurship exchanges at home and abroad, initially formed an international organization network for innovation and entrepreneurship cooperation, and promoted the resource sharing of global innovation and entrepreneurship. It is hoped that by holding this China Canada Innovation Forum, we can actively advocate innovation, entrepreneurship and cooperation exchanges with a global perspective, practically promote scientific and technological innovation cooperation and entrepreneurial culture exchanges between China and Canada, and create an international innovation and entrepreneurship ecosystem. At the same time, by continuing to hold the China Canada joint venture camp, Canadian entrepreneurs can better understand China, China’s entrepreneurial environment, and China’s venture capital environment, and bring new ideas to Chinese entrepreneurs and venture capital circles, as well as more understanding of North American innovation.

Picture: Chen Rui, Deputy Director of the Science and Technology Communication Center of the China Association for Science and Technology, addressed the forum

In his speech, Dr. Song Yijun, the representative of the Ontario government in China and the commercial counselor of the Canadian Embassy in China, said that Ontario is the largest economy in Canada, accounting for 39% of Canada’s GDP. It has great advantages in advanced manufacturing, life sciences, communications, IT technology and other fields, and has played a great exemplary role in North America and the global market. The Ontario Investment and Trade Office in China is committed to promoting the development of Ontario’s products and services in China, attracting Chinese investors to Ontario, and promoting bilateral cooperation. We have cooperated with the China Canada Angel Alliance and the China Canada Joint Venture Camp for many years. In the past six years, the China Canada Joint Venture Camp has provided a unique platform to promote the growth of Ontario start-ups. It has provided more than 20 million Canadian dollars of financing for more than 40 Ontario start-ups and created more than 200 jobs in Ontario, which is a real benefit for Ontario, We look forward to continuously supporting relevant institutions and jointly cultivating more unicorn enterprises in the future.

Picture: Dr. Song Yijun, the representative of the Ontario government in China and the commercial counselor of the Canadian Embassy in China, delivered a speech at the event

Liu Zhishuo, the founding partner of Zhongguancun Dahe Capital and the founding partner of China Canada Angel Alliance, said that the past seven years have proved the correctness of China’s acceleration and global innovation. In Canada, the China Canada Joint Venture Camp has produced innovative companies with a valuation of 4 billion Canadian dollars, and this is not the only successful enterprise. Obviously, China is right to accelerate this path. Looking forward to the future, China’s innovation should go out, rather than just starting businesses and innovating in China. I believe that the future innovation should be global. No country or several countries have ever united to block the technology of others for a long time, because innovation is a thing that benefits the whole world. Any obstacle to global innovation will be broken by people’s trust and various plans and wisdom. I believe there will be more institutions willing to support us to continue to support international innovation and entrepreneurship.

Picture: Liu Zhishuo, founding partner of Zhongguancun Dahe Capital and China Canada Angel Alliance, delivers a speech

Gather domestic innovation resources, link the industrial development of China and Canada, and more and more institutions join in. The signing of the cooperation between the China Canada Angel Alliance and Jiangsu Industrial Technology Research Institute was held simultaneously at the forum. As a bridge connecting industry and government, Jiangsu Industrial Technology Research Institute actively plays the role of “bridge between universities (scientific research institutions) and industry” and “bridge between global innovation resources and Jiangsu”. It aims to tap both sides of innovation resource supply and enterprise technology demand, build an industrial technology innovation system that integrates R&D carrier, industrial demand and innovation resources, and deeply integrates industry, education, research and application, and create a talent ecology Industrial innovation ecology, including financial ecology and spatial ecology, has explored a series of reform measures in building the governance system of industrial technology R&D institutions, the construction of R&D carriers, the introduction, training and incentive of talents, and the efficient use of financial funds. It is hoped that the two sides will work together to help more overseas enterprises come to China for development and simultaneously promote domestic excellent enterprises to go global.

Picture: Wang Tong, founding partner of Zhongguancun Dahe Capital and China Canada Angel Alliance, and Dr Paul Burrows signed contracts with Jiangsu Industrial Technology Research Institute on behalf of China Canada Angel Alliance

At the activity site, representatives of the Chinese Canadian joint venture camp, Canadian startups Motion Gestures, FlexCap Energy, Neptune NanoTechnologies, Pontosens, etc., shared their innovative achievements in gesture recognition, nano biomaterials, new energy and other fields.

Picture: On line display of China Canada joint venture camp operators

Picture: Online participation of Canadian startups

For example, Motion Gestures, a gesture recognition company, provides a gesture recognition solution based on artificial intelligence (AI), which can build a gesture interface in minutes, greatly reducing the time and cost of gesture development; Flexcap is committed to the R&D and application innovation of new energy storage, sensing and power generation nanomaterials. Based on the new nanomaterial technology, it has developed flexible film batteries. This product has the characteristics of thin, flexible, safe, environmentally friendly, and strong customization, and has been widely used in intelligent logistics, medical monitoring, intelligent packaging and other fields; Neptune NanoTechnologies turns fishery wastes into environment-friendly nanomaterials. With its characteristics of high performance, safety, environmental protection and sustainability, it is widely used in aerospace, oil exploration, film packaging, synthetic resin, carbon fiber and other fields; For example, Pontosens uses wireless technology to monitor life, with an accuracy rate of more than 99%.

It is understood that this year’s fifth China Canada Joint Venture Camp has 12 outstanding Canadian enterprises, covering nanotechnology, life sciences, new energy, artificial intelligence, intelligent sensors, etc., all of which are driven by hard technology.

Launched in 2015, the China Canada Joint Venture Camp is committed to building a cross-border ecosystem between China and Canada, helping the development of startups with joint investment, entrepreneurial mentor services and domestic and foreign channel resources. Since its establishment, the China Canada Joint Venture Camp has led more than 40 Canadian venture teams to China to study, more than 30 campers have obtained direct investment from CCAA or Chinese investors through the venture camp trip, and 16 enterprises have found local partners or established offices in China. Even in 2020, when the COVID-19 is severe, the newly completed financing amount of the Sino Canadian joint venture battalion enterprises has exceeded $250 million.

Looking back at the start-ups that participated in the China Canada joint venture camp, the international application service platform ApplyBoard has grown into a unicorn enterprise with a valuation of 4 billion Canadian dollars, and has become the first project with a valuation growth of more than 100 times in North America; During the COVID-19, Cyclica, an AI platform for drug research and development, gave full play to its expertise and carried out international cooperation with a number of top institutions, including the Institute of Medicine of the Chinese Academy of Medical Sciences, becoming a typical example of international collaborative anti epidemic; Genecis, a bioplastics disposal company for kitchen waste, has also achieved rapid growth; Fibos, an optical fiber sensor R&D company suitable for harsh environments.

Next, the China Canada Joint Venture Camp will provide the campers with a three-stage training plan that includes understanding China’s business culture, formulating strategies for landing in China, docking with potential partners in China and facilitating the landing, and promote the scientific and technological innovation cooperation and entrepreneurial culture exchanges between China and Canada in a pragmatic manner, so as to create an international innovation and entrepreneurship ecosystem.