TusPark Newcastle officially becomes “Number 125” of the TusStar network, China’s largest innovation network owned by TUS Holdings.
TusStar was launched in 1999 as the Tsinghua Pioneer Park. TusStar is the main incubator system of TUS Holdings, and is also one of the earliest incubators in China. It was also the first organization to overlay early-stage venture capital investing on top of its incubator model.
TusStar is located in every main city of China, supporting entrepreneurs in professionalizing their startup, as well as giving them connections into local industry, government and academia. It has developed nearly 200,000 square metres of innovation and incubation space, incubating over 5,000 firms. TusStar has produced a considerable number of outstanding startups and entrepreneurs, along with growing with the enterprises. Startups then continue to be helped by other parts of the TUS innovation ecosystem, in areas such as finance and business development.
As TUS Holdings’ first fully-owned TusPark outside China, TusPark Newcastle has a special place in its global network. TusPark Newcastle supports entrepreneurs in the North East of England with mentoring and business support, through its partners such as Sintons (the law firm), and KPMG. Officially becoming a member of the TusStar network means that it will be able to both help North East British startups to enter China, as well as help the inflow of Chinese innovation and investment into the UK.
Jinsheng Zhang, Chairman of TusStar, said: “The scientific and technological innovation network we build is not only based on China, but also radiates out and helps the world… to achieve the incubation of tech enterprises, cultivation of innovation talents, and transformation of scientific and technological achievements.”
This building of a bridge into and from China for UK businesses and especially tech startups is central to the mission of TUS UK, and its participation within the TusStar network both strengthens the overall network, as well gives supporting strength to the local region of the UK that TusPark Newcastle belongs to.