Chinese investor sets up science and tech incubator in Liverpool Science Park
A new, flagship tech incubator, designed to unlock investment opportunities between Liverpool and China, has launched its European office in the city.
Cogita Development is a joint venture partnership between the company’s director Dennis Zou and investment fund provider DongKe ChuangXing.
The business – which is based at the Liverpool Science Park – aims to become a primary platform to promote science and technology concepts, while increasing both the market and cultural exchanges between the two countries.
In 2018, Cogita invested in eight new technology start-ups, with a total investment of more than £4.5m. In the same year the company also set up an international office in Toronto, Canada.
Dennis Zou, director of Cogita Development, said: “We’re incredibly excited to have launched our European headquarters here in Liverpool. Cogita’s purpose is primarily to support young professionals who want to set up their own business and we act as the bridge to connect the UK to China.
“I’m often asked by chinese investors ‘why are you based in liverpool and not manchester or london’, and it’s my role to show them why liverpool is the ideal location to launch their business and, in doing do, they can also now benefit from our incubator office at liverpool science park.”
As part of the company’s drive to foster collaborations between Liverpool and China, Cogita will join an outbound business delegation travelling to Shanghai this month. Liverpool City Council, together with Invest Liverpool and the Liverpool China Partnership (LCP), will be leading the 22-business strong delegation from 15-20 April.
Zou added: “This month’s delegation to Shanghai will be a fantastic opportunity to forge new business links between the two cities and we’re really excited to be attending the China (Shanghai) International Technology Fair during the visit and to be showcasing the region’s diverse investment opportunities in the science and technology sector.”
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