Traditional Chinese Medicine centre plan for Cambridge
A centre of excellence to develop Traditional Chinese Medicine (TCM) could be developed in Cambridge as part of a collaborative agreement between East of England International and new management of the China-UK Venture Park (CUC) at Cambridge Science Park.
CUC was established to promote science & technology innovation between Cambridge and Guangzhou.
Guangzhou is the biomedical capital of China and this sector has been identified as prime for collaboration with Cambridge Life Sciences cluster companies.
A spring summit between economic influencers in Guangzhou and Cambridge agreed that the modernisation of TCM should be the key area for collaboration.
CUC says it has stepped up its efforts to promote collaboration between Chinese and UK scientists and entrepreneurs in the TCM field.
A spokesman said: “Currently CUC is working with East England Inter-national in planning to build a TCM Development Centre of Excellence in the East of England.
“Guangzhou has a China market lead in several areas of biomedicine, with 1,400 medical enterprises in the city boasting more than 3,000 varieties of medicines on their books.
“With that science base and Cambridge’s research and technology excellence in Life Sciences, there is a gigantic opportunity for co-operation and commercial exploitation.”
CUC is a scientific joint project sparkplugged by Sino-UK governments, directed by Torch High Technology Industry Dev-elopment Center of the Chinese Ministry of Science & Technology, UKTI and investment partners.
It has established its parent office in Guangzhou and the UK subsidiary is at Cambridge Science Park.
The foundations for the venture were laid as far back as 2002 at the first China-UK Forum in Shanghai.
The six shareholders in the venture are Canton Venture Capital Co. Ltd, Guangzhou Xiangxue Pharmaceutical Factory Co, Ltd, Guangzhou International Business Incubator Co, Ltd, Masson Group Co, Ltd, Baiyunshan Pharmaceutical Co, Ltd and Guangzhou Tianhe Software Park.
After a brief spell based in temporary accommodation at St John’s Innovation Centre, the investors decided to ramp up the Cambridge end of the CUC operation under new manager, Jimmy Wang.
He can be contacted to discuss any science & technology collaborations at: China UK Cambridge Venture Park Co., Ltd, 23 Cambridge Science Park, Milton Road, Cambridge, CB4 0EY. Direct Tel: +44(0)1223437121.