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TusStar (Canada · Alberta) Project Formally Initiated, “Two-way Incubation + Investment” Mode to be Explored

Release time:2017-06-19

  A few days ago, TusStar (Canada· Alberta) project was formally initiated. This project will add new energy to the global incubation network of TusHoldings by cooperating with TEC Edmonton Incubator in the mode of “two-way incubation + investment” to drive Chinese incubation service platforms toward the world.

TusStar is signing a cooperation agreement with TEC Edmonton Incubator

  This is the first cooperation project jointly initiated by TusStar and TEC Edmonton Incubator after they signed a cooperation agreement on April 20 this year, and will effectively promote the coordinated development of innovation and entrepreneurship in the two countries. Lin Jian, International Cooperation Director of TusHoldings and Deputy General Manager of TusStar, expressed that the “two-way incubation + investment” mode developed for the cooperation between TusStar and TEC Edmonton Incubator was a beneficial exploration for TusStar in promoting internationalization of its incubation network. TusStar and TEC Edmonton Incubator will build incubation bases and set up funds respectively in China and Canada, provide international innovation service platforms for the enterprises incubated by the two bases, and share innovation resources in the two countries.  

TusStar delegation is visiting Edmonton incubator

  “We are looking forward to cooperating with TusStar, a leading incubator brand in China, and the two parties will open up new markets for the enterprisers in these two countries,” said Chris Lumb, CEO of TEC Edmonton Incubator. 

  Liu Bo, Deputy General Manager of TusStar and General Manager of TusStar Venture, expressed when having a deep exchange with the representatives of the incubated enterprises in TEC Edmonton Incubator that innovation and startup enterprises in Canada had high technological strength in the fields of clean energy, health and artificial intelligence, and such strength matched well with the investment direction of TusStar Venture. She expected future cooperation with these enterprises. 

Extended reading

  TEC Edmonton is an incubator that helps scientific and technological startup enterprises to grow, and is the largest accelerator company in the local area. The business scope of TEC Edmonton Incubator covers 4 major fields, respectively business development, financial investment, technology management, and enterpriser development. It was elected by University Business Incubator (UBI) as one of the best four incubators in North America in 2015, and was elected as Incubator of the Year in Canada in 2014. 

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