Transcend Signs MoU to Become a Co-Investment Partner
to CUHK Innovation Limited
Transcend’s second fund, Transcend Capital Partners II L.P. (TCP II), has recently signed a Memorandum of Understanding (MoU) with CUHK Innovation Limited to become one of the eight new co-investment partners of CUHK Innovation Limited. CUHK Innovation Limited, recently established by the Chinese University of Hong Kong (CUHK), aims to provide early-stage funding to promising CUHK spin-offs and start-ups. By joining forces with seasoned venture capitalists and investors, this joint-investment platform will foster growth and drive innovation in the entrepreneurial ecosystem.
CUHK officially announced the establishment of CUHK Innovation Limited and held a kick-off ceremony on CUHK Innovation Day. The CUHK Innovation platform is dedicated to providing early-stage funding to promising CUHK start-ups, accelerating their growth and success. Transcend Capital Partners General Partner, Jeff Ng, was invited to the kick-off ceremony. Together with seven other Venture Capitals, including Fresco Capital, Gravity Capital Partners, Hong Kong AI & Data Laboratory, NDN Ventures, ParticleX, Tiger Jade Pebble Accelerator, and Watten Investments, Transcend Capital Partners signed a Memorandum of Understanding (MoU) to join the platform as co-investment partners.
Transcend Capital Partners firmly believes in the power of innovation and the potential of start-ups to revolutionize industries. This partnership with CUHK Innovation Limited aligns perfectly with Transcend’s mission to support and nurture early-stage ventures. Transcend Capital Partners is excited to contribute to the growth and success of CUHK-affiliated businesses and help them reach new heights.
This partnership marks Transcend’s commitment to supporting and investing in innovative businesses affiliated with CUHK. Transcend Capital Partners looks forward to paving the way for groundbreaking innovations and propelling the entrepreneurial spirit forward. For more details, please visit the CUHK Innovation Day website and their press release.