The time is now for Canadian tech, Chinese VC says
Opportunity awaits. A window is open and it may not stay open forever. In short, the timing is ripe for Canadian startups and entrepreneurs looking to break into the Chinese market, says Dr. Dongsheng Sun, President of Shenzhen Capital Group.
“I can say firmly that this is a good time for Canadian companies to go to China,” said Dr. Sun, one of a delegation of nine Chinese investors and technology leaders who visited Waterloo Region and Communitech Friday, the start of a multi-city tour of North American startup centres.
Dr. Sun said a combination of government policy, availability of money, enormous market size and an appetite for innovation have created conditions that are ripe for the kinds of tech that Canadians do well.
“Right now what’s lacking in China is original innovation, original technologies,” said Dr. Sun, speaking through an interpreter. “That’s why the [Chinese] government is putting effort into encouraging that kind of development. I think most of the original innovations are in Canada and North America.
“Another reason the timing is good is because with the government’s effort to encourage innovation in China, there may soon be a lot of home-grown innovation in China. So now is the best time to land