HKSTP and Chrysalix Venture Capital seal partnership to nurture clean technology and new energy innovation in China
September 21, 2015
HONG KONG AND VANCOUVER – The Hong Kong Science and Technology Parks Corporation(HKSTP) and Chrysalix Venture Capital, one of the longest standing and most active sustainable innovation and alternative energy venture capital firms, today announced a new partnership under the Hong Kong Science Park Venture Capital Partnership Program (HKSTP VC Partnership Program).
The HKSTP VC Partnership Program is a platform run by HKSTP, the leading and largest technology incubator in Hong Kong, to connect high potential technology startups and SMEs with prospective venture capital funds from around the world. Currently HKSTP VC Partnership Program has 30 leading VC partners and has orchestrated more than 172 successful match-up cases involving more than US$142 million investment. By joining the Program, Chrysalix will help fuel the development of the booming green technology sector in Hong Kong.
Chrysalix has seen first-hand that Asian countries are taking huge steps forward to reap the rewards of relentless innovation in clean technology. By working closely with HKSTP, Chrysalix aims to create a valuable Asia-Pacific innovation gateway that is firmly positioned at the center of the emerging new energy industry.
“The opportunities for creating business advantages through innovation are accelerating exponentially. In my recent travels to Asia, I am personally totally intrigued by the eagerness of many large companies and entrepreneurs there to build the cleaner future we all aspire while at the same time developing new industries and stronger economies,” said Wal van Lierop, President and CEO of Chrysalix. “We are delighted to announce this new partnership with the HKSTP and look forward to working together to help identify and commercialize much needed breakthrough innovations for the new energy economy.”
Currently, HKSTP supports more than 500 R&D companies stationed in the Hong Kong Science Park, which are working on breakthrough research ideas and soon-to-be-commercialized projects. In addition to the full range of professional incubation services offered at the Science Park, HKSTP actively works with global professional investment firms to accelerate their rapid and profitable growth.
“Bridging technology entrepreneurs in the Science Park with international investors is one of our prime missions,” said HKSTP Chief Executive Officer Mr. Allen Ma. “Through our unique capital-raising platform, local technology companies gain access to domain knowledge and guidance, which are all crucial during the vulnerable early stage of their business. With Chrysalix joining our incubation ecosystem, we believe that more global investors will divert their focus to Hong Kong’s innovation and technology ecosystem.”
Together with enthusiastic venture capital partners like Chrysalix, which is ranked the number one most active VC firm in the sustainable energy space by deal count by Bloomberg New Energy Finance, HKSTP will continue to spur the research and development of local innovations by expanding its unique capital-raising platform to build a promising future for startups, with an ultimate goal to bring economic and social benefits to society.
About Chrysalix Venture Capital
Chrysalix is one of the longest standing pure-play sustainable innovation and alternative energy venture capital firms. The firm provides early-stage financing, hands-on assistance and strategic connections to innovation companies confronting the world’s most important energy and environmental issues. Chrysalix is consistently ranked among the most active sustainable innovation venture capital firms globally. Founded in Vancouver, Canada in 2001, Chrysalix has one of the strongest investment teams in the industry with deep energy, technology and entrepreneurial expertise, and is backed by more than 20 international blue chip industrial and financial investors. For more information, please visit chrysalix.com.
About Hong Kong Science and Technology Parks CorporationComprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region. Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programs for technology startups to accelerate their growth. More information about HKSTP is available at www.hkstp.org.
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