Heidelberg, May 7, 2018 - The launching ceremony of Zhongguancun InnoHub, which is sponsored by the Zhongguancun Development Group, was held in Heidelberg, Germany. Medical Valley GmbH and Beijing YG Venture Capital M&C Co., Ltd. were invited to attend the opening ceremony and signed a memorandum of strategic cooperation with the Zhongguancun Development Group. The two parties will jointly promote industrial cooperation in the fields of medical education, medical services and medical technology between China and Germany.

Under the witness of Zhao Changshan, chairman of the Zhongguancun Development Group and Dr. Eckart Würzner, mayor of Heidelberg, the Zhongguancun Development Group and Medical Valley GmbH signed a memorandum of strategic cooperation. Matthias Hiegl, CEO of Medical Valley, signed this memorandum. Dr. Wu Hui, executive vice president of Medical Valley and chairman of Beijing YG Venture Capital M&C Co., Ltd also attended this opening ceremony.

Based on the Joint Declaration on Sino European Urbanization Partnership signed by leaders of both sides in May, 2012, as well as the Platform for Action of Sino German Cooperation: To Create Innovation Jointly, the Zhongguancun Development Group and Medical Valley conducted many communication in 2017 and 2018 to discuss about the cooperation in the development of medical projects. The cooperative agreement has confirmed the following aspects:

- Seeking to develop Sino German medical and health industry cluster in China, especially in Beijing. Through the project, to jointly promote industrial cooperation in medical education, medical services, medical technology and other fields between China and Germany.

- Co working with top German companies to build and operate China Innovation Center in Germany. The aim is to build an innovative ecological system to promote innovation and technology transfer between Chinese and German enterprises and research institutions, as well as helping domestic enterprises obtain German scientific research achievements and enter the European market.

- The two parties will jointly organize a series of international exchange activities on the issue of Sino European Urbanization medical health cooperation and promote them in various channels. Thus to promote international cooperation between Chinese and European governments, research institutions and enterprises, as well as establishing an exchange and interaction mechanism.

You can read more news here:

https://mp.weixin.qq.com/s/loCHxIlseCihgSz-DNKrpA

About the Zhongguancun Development Group

The Zhongguancun Development Group (ZDG) is a State-Owned Enterprise funded by the Beijing Municipal Government. It was incorporated on April 1st 2010 to guide and boost the development of the Zhongguancun National Innovation Demonstration Park (NIDP) with more coordinated government support and market-based mechanisms. Over the past 6 years, ZDG has developed a business portfolio covering five main areas: industrial investment, sci-tech finance, science park development, cross-regional cooperation, and international business. The group has become Beijing Municipal Government’s main market-based platform to develop the Zhongguancun NIDP. It has successfully explored a path of promoting science & technology innovations with government support and  state assets. By the end of 2015, ZDG had 29 holding subsidiaries. The group’s total assets reached RMB 95.06 billion and its net assets reached 21.19 billion. ZDG is also rated ‘AAA’ in long term credit rating.

About Medical Valley GmbH

Medical Valley is a German industry cluster of excellent recognized by Federal Ministry of Education and Research. With more than 500 innovative healthcare companies including Siemens Healthiness, Medical Valley is the largest industry cluster of medical technology in Europe. There are world leading research organizations, Max Planck Institutes and Fraunhofer-Gesellschaft, and German leading university, Friedrich-Alexander-Universität Erlangen-Nürnberg in Medial Valley area. Medical Valley GmbH is commercial entity of Medical Valley and play key roles in cluster resource integration, incubation, governmental affairs, investment and strategic consulting for healthcare cluster development. Beijing Yigu Venture Capital Management and Consulting Co., Ltd. is the legal representative of Medical Valley GmbH in China.  

About Beijing YG Venture Capital Management & Consulting Co., Ltd.

Beijing YG Venture Capital Management & Consulting Co., Ltd. focuses on the healthcare industry, and our business includes innovation cluster management, consulting, and investment fund.  Driven by China market, capital and intellectual power, Beijing YG aims to bridge the international health-tech innovation ecosystem to China area, and promote the cooperation of capital, talent, technology, clinical resources, marketing channels and so on. We serve innovative enterprises and help international small and medium enterprises to enter the China market. After short period of development, the company has established partnership with world renown institutions & enterprises, including SinoPharm Group, Robert Bosch GmbH, Swiss Technopark Alliance and Zhongguancun Development Group. Beijing YG is legal authorized representative of German Medical Valley in the China and initiator of health-tech platform of iCCAMT, Internaitonal Co-innovation Center for Advanced Medical Technology. www.iccamt.com