BGTA is expanding to Europe, connecting the UK, EU & China
BGTA, the Chinese corporate-backed accelerator that is committed to fostering the development of a global tech and investment ecosystem is expanding to Europe, connecting the UK, EU and China through investment in technology.
Europe accounts for 20% of global R&D investment
The UK tech-sector is undoubtedly leading in many ways, however Europe as a whole can not be overlooked when it comes to technology and investments. With only 7% of the world’s population, Europe accounts for 20% of global R&D investment, produces one third of all high-quality scientific publications, and holds a world leading position in industrial sectors.
“These are formidable figures and further to that, EU countries are encouraged to invest 3% of their GDP in R&D by 2020 – this is expected to create 3.7 million jobs and increase the EU’s annual GDP by nearly €800 billion,” said Helen Wang, CEO at BGTA Accelerator.
“The European Union has placed innovation at the heart of the EU’s strategy, which is why BGTA has taken the decision to expand its geographical footprint in Europe and will be collaborating with the European Business Angels Network (EBAN) on three main fronts:
- Jointly Establish Investment Summits in China
- Investment Collaboration
- Jointly Organise Professional Training Programme
EBAN is the pan-European representative for early stage investors, gathering over 150 member organizations more than 50 countries today. EBAN represents a sector estimated to invest 7.5 billion Euros a year and playing a vital role in Europe’s future, notably in the funding of SMEs!”
About UK China Fintech Alliance
BGTA is the founding member of the UK-China specific Fintech Alliance (UCFA) alongside ICBC Standard Bank. The Alliance is an exclusive and vetted group of high-quality companies and governing organizations that are considered as leading industry practitioners, serving as a single-entry point to the FinTech market players where high-quality members can interact with each other.
Key highlights of what’s been achieved since the UK-China Fintech Alliance was launched:
BGTA
1. Launched its corporate backed cleantech accelerator in Shanghai.
2. Launching its Fintech focused accelerator in Chengdu.
3. Establishing Cass Business School’s Executive Training Centre in Chengdu in the financial technology vertical.
4. Invested in Cambridge Innovation Academy.
5. Held a demo-day with Ant Financial (that raised $14bn investment).
ICBC
1. In June 2016, ICBC Standard Bank (ICBCS) became an active member of London Precious Metals Clearing Limited (LPMCL).
2. In July 2016, ICBC Standard Bank acquired Barclays’ London precious metals vaulting business.
3. In 2017, ICBCS launched its pioneering Belt and Road Economic Indices.
4. In 2017, ICBCS launched Phoenix, a leading precious metal account management system for both unallocated and allocated metal.
About BGTA
BGTA is a Chinese corporate-backed accelerator that is committed to fostering the development of a global tech and investment ecosystem through accelerating tech companies from the UK, the EU and the US in China. Headquartered in London, with China-based operations, BGTA’s open innovation network includes world-class investors, technology companies, academic organisations and government institutions.
Companies accepted to the accelerators receive a six-month acceleration programme which includes office space, one to one mentoring, networking and technical support in setting up the business from I.T. infrastructure to recruiting local talent. The selected businesses will also get access to BGTA’s corporate partners’ networks of investors, government agencies and customers.
BGTA Global Cleantech Accelerator
BGTA’s Global cleantech accelerator is focused on upgrading existing systems within energy corporations that have an impact on its core-business whilst building out potential new capabilities. The newly refurbished accelerator space is 1,300 ㎡ and is located in the city center at No. 1088 Chengshan Road, Pudong New area in Shanghai.
BGTA Global Fintech Accelerator
BGTA’s Global Fintech accelerator focuses on new technologies that have a fit with its corporate partners and clients in the financial sector. The accelerator space is 1400㎡ and is located in the Jiaozi Financial Science and Technology Center which is at the center of the Chengdu High-tech Zone, Sichuan Province.
Fur further information visit https://www.bbdaccelerator.com/
