TusStar is the famous brand of Tus Holdings, the investment arm of Tsinghua University (Beijing). The agreement will enable each organization to better support its high growth incubator clients with their international market development plans.
TusPark, or Tsinghua University Science Park, is the largest network of university science parks in the world, with more than 80 bases including incubators around China and a growing network worldwide. TusStar is the university incubator, powered by Tsinghua University, China’s premier technical university.
The signing was part of a larger delegation in China led by Premier Rachel Notley highlighting one of the mission’s objectives to advance future sustainability. The University of Alberta and China’s Tsinghua University signed an agreement on April 20 to create the Joint Research Centre for Future Energy and Environment.
“This agreement, and its links to 2 excellent universities, will bring new investment to Canada and develop new export markets for Alberta technology companies,” said TEC Edmonton CEO Chris Lumb.
“Based on the collaborative platform, we will enhance the exchange of start-ups, and help them develop in technology and commercialization to contribute more to society in the future,” said Jay Lin, director of international cooperation at TusHoldings.
The collaboration will involve working with information technology, e-commerce and medical device companies from China, as well as Canadian medical device and big data companies.
“I am extremely proud to support the University of Alberta and TEC Edmonton in forming relationships with such innovative partners in China,” said Premier Rachel Notley. “We look forward to seeing this partnership thrive, and to watching Alberta’s expertise across a variety of areas, not only create opportunities for Albertans, but make a difference around the world.”