Future Planet Capital and Eight Great Technologies Fund sign MOU to promote the growth of Sino-British tech companies during PM's trip to China

- FPC supports Eight Great Technologies in what is planned to be one of the biggest ever single investments into British innovation
- Reinforces entrepreneurial partnership between the UK and China
- Shenzen Qian Hai Sunflower Financial Services and Jian Xin Tian Ran Investment Management will in principle invest 3 billion RMB ($470 million)
- Boosts healthcare innovation and bio-technology collaboration between the UK and China

Beijing, 1 February 2018 – Future Planet Capital (“FPC”) is delighted to sign a Memorandum of Understanding with Eight Great Technologies Fund (“8GT”), Shenzhen Qian Hai Sunflower Financial Services (“SZQH Sunflower”) and Jian Xin Tian Ran Investment Management (“TRD Investment”) to collaborate on commercialising technologies and promoting innovation between the UK and China (collectively “the Parties”).

The agreement was signed during UK Prime Minister Theresa May’s state visit to China and witnessed by Secretary of State for International Trade Liam Fox and President of Chinese Health Information and Big Data Association Jin Xiaotao. It serves an example of the enhanced Golden Era in Sino-UK relations and is one of several recent commercial announcements, collectively worth around £1.4 billion.

China’s startup industry is booming – the country produced 15 of the world’s 41 technology companies reaching unicorn status in the last year. The UK’s technology sector is also rapidly growing – tech venture capital investment reached a record high of £2.99bn in 2017 - four times more than Paris, its nearest European rival.

SZQH Sunflower and TRD Investment will in principle invest $3bn RMB ($470m USD) in healthcare innovation and bio-technology between the UK and China. Such collaborations may include the engagement with 8GT, in partnership with FPC, as well as investment into Eight Great Technologies China UK Technology Fund, a dedicated China-UK venture capital and growth fund.

Douglas Hansen-Luke, executive chairman at Future Planet Capital, said: “We are honoured to support 8GT’s leading scientists and delighted to be part of a consortium receiving China's biggest ever single investment into foreign IP. This partnership demonstrates our continued commitment to accelerating innovation in leading centres of innovation around the world. This collaborative effort is unique: we look forward to working together closely to fund the companies of the future addressing global challenges today."

Asked about the role of the Government in promoting British technology, Douglas said, "ongoing support from the science and innovation network at the British Embassy in Beijing, the Capital Investment Group and particularly the Venture Capital Unit of the Department for International Trade has been instrumental in securing the commitment of Chinese investors.”

Malcolm Glaister, Partner and CEO, Eight Great Technologies Fund, said: “Future Planet Capital and 8GT have formed a unique platform, integrating leading scientists and sector experts at the core of the investment process. We already have a pipeline of companies who are keen to grow both in the UK and through Chinese markets, to become the global technology successes of the future.” 

Align17 Announce Future Planet Capital as Founding Investment Partner

Future Planet Capital, the world’s first global platform to invest in leading universities and the “centres of innovation” that surround them, was today announced as a founding investment partner of Align17 at the World Economic Forum in Davos

Screen Shot 2018-01-27 at 14.06.51.png
FPF_logo_blue copy.jpeg

Align17, a private impact investment platform that offers vetted co-investment opportunities to private wealth alongside world-class impact investors, will work to connect the $63.5tn of private wealth to the world-changing companies emerging from Future Planet Capital’s portfolio. FPC will offer the platform an unrivalled level of access to alumni and growth stage companies from Cambridge, Harvard, MIT, Oxford, Stanford, Tsinghua and the University of California through its series of partnerships. 

Georgie Benardete, Co-Founder at Align 17, commented: "We are incredibly excited to have Future Planet Capital as one of our founding investment partners. Through their distinct set of university partnerships, they will bring unique opportunities for our private clients to achieve impact at scale through innovation."

 

Future Planet Capital sponsor UC Berkeley Entrepreneur Campaign

The University of California has just announced the five finalists of its new “I am a UC Entrepreneur” contest for alumni, sponsored by Future Planet Capital

Screen Shot 2018-01-24 at 10.03.10.png

Alumni from the University of California system have raised over $44bn in capital over the last 11 years and have incorporated over 3240 companies. Now, five cutting-edge startups have won the opportunity to pitch to over 600 business leaders at this year's Global Corporate Venturing and Innovation Summit in Monterey, CA. 

The five companies will be mentored by Barbara Burger, President of Chevron Technology Ventures, Vitaly Golomb, Partner at HP Tech Ventures, Francis Ho, VP at the Samsung Strategy and Innovation Center, Jeremy Kranz, SVP and head of GIC's Technology Investment Group and Charlie Fiechter, Managing Member at Greenleaf-TNX Management, LLC.

Following the GCVI pitch sessions, Future Planet Capital will also select one finalist to take part in the second annual Future Planet Awards that will take place at Global Corporate Venturing’s symposium in London in May 2018.

Future Planet Capital Pledge up to £30m for Tsinghua University Spinouts

FPC Chairman, Lord Norman Foster and Executive Chairman, Douglas Hansen-Luke present x-lab's Bluepha with the 2017 Future Planet Award for Sustainable Growth.

FPC Chairman, Lord Norman Foster and Executive Chairman, Douglas Hansen-Luke present x-lab's Bluepha with the 2017 Future Planet Award for Sustainable Growth.

Future Planet Capital (FPC), a London-based investor which funds innovative startups, has announced it will invest up to £30m in businesses spinning out from China's Tsinghua University.

Tsinghua University's X-lab is a platform which supports and facilitates startups founded by Tsinghua alumni, students or faculties. Since its launch in 2013, it has worked with more than 1190 project teams and incorporated over 480 companies.

FPC's investments will be focused on the ideas working to profitably tackle global challenges such as climate change, education, health and security.

HM Treasury Announces Future Planet Capital partnership with Tsinghua University's x-lab

Around £1.4 billion worth of commercial deals, an agreement to accelerate the final preparations for the London-Shanghai Stock Connect initiative and new commitments to develop work on the Mutual Recognition of Funds and a bond connect, have been announced as part of the 9th UK-China Economic and Financial Dialogue (EFD) held in Beijing this weekend.

Included is the announcement that Future Planet Capital will be the international investment partner of Tsinghua x-lab, Tsinghua Univeristy's cross-faculty incubator. Since its launch in April 2013, Tsinghua’s x-lab has grown rapidly, working with over 1000 project teams and incorporating over 420 companies. The incubator helps companies from across sectors at all stages of development. 

Future Planet Capital announces Partnership with Owl Ventures

Screen Shot 2017-11-29 at 23.37.39.png

Future Planet Capital, the world’s first global platform to invest in leading universities and the “centres of innovation” that surround them, announces a limited partnership investment in Owl Ventures, a world-leading venture capital fund that invests in education technology companies. Owl Ventures will be Future Planet Capital’s strategic partner in the education sector.

Based in San Francisco and founded in 2014, Owl Ventures closed its $185m second fund in October 2017. Owl Ventures has invested in numerous fast growing transformative companies such as Accelerate Learning, a comprehensive digital PreK-12 STEM curriculum; Lingo Live, a language and communications programme; Quizlet, one of the largest educational platforms in the world; and RaiseMe, an online scholarship platform. 

The Budget: Where are the International Investors?

Excellent news for British Innovation this week as the Chancellor unveiled measures to unlock over £20bn of new investment in British technology. Many of the pledges were in response to the Treasury's Patient Capital Review (read our submission here) and included £2.5bn seed funding for a British Business Bank incubated patient capital fund, measures to facilitate pension fund access to innovation and the doubling of EIS investment limits.

“A fantastic budget for British Innovation, but once again British Parliament's parochial attitude comes through," Douglas Hansen-Luke, Executive Chairman of Future Planet Capital. told Private Equity News. "Neither British Taxpayers nor British Pension Funds need to fund this; there are countless international investors queuing up to invest in British Innovation. At Future Planet Capital, we are unlocking international capital, eager to invest with Britain’s top universities and research centres. This brings money into the U.K. and boosts our economy; the government should do more to facilitate this kind of inward investment, not least in light of the EIF’s likely withdrawal of future funding.”

The Budget: Fully Driverless Cars on UK Roads by 2021

This week, Chancellor Philip Hammond's Autumn Budget announced government support for driverless cars. Amid pledges of £540m to electric and autonomous vehicles, he told the House of Commons "Our future vehicles will be driverless". This comes after comments earlier in the week assuring regulatory changes that would allow fully autonomous cars on British roads by 2021.

“The Chancellor was right to give the go-ahead for driverless cars," Douglas Hansen-Luke, Executive Chairman of Future Planet Capital told Reuters in response to the news. "A human driving a lethal weapon is not a good idea. Road deaths are the world’s biggest cause of premature death with over 1.2 million dying annually. Automated cars are far safer than people.”

“What the budget doesn’t address, however, are the approximately 140 million employed globally as professional drivers. Any government support of artificial intelligence and robots needs to simultaneously take account of likely job losses.”

Managers hard at work on sustainable development

As a number of pension funds around the world come to grips with implementing the United Nations' 17 sustainable development goals into their portfolios, money managers have also been working away in the background.

Despite the work by some high-profile institutional investors, some managers said they are not yet getting questions from their clients.

"Clients are not bringing it up with us directly yet, but companies are," said Will Oulton, global head, responsible investment at First State Investments in London. "We have seen companies quite proactive in saying, 'We're going to report on how contributing to the SDGs is most relevant to our sector,'" he said. 

Patient Capital? Time for a national database to match investors with innovators

Last November, the Treasury launched the Patient Capital Review.

Its aim was to identify the barriers that innovative companies may face in gaining access to long term, supportive finance.

It is being overseen by an A list of entrepreneurs and investment experts, chaired by former Permira head Sir Damon Buffini, who are supremely well-qualified to define the issue and recommend solutions.

University start-ups aim for the Facebook formula - The Financial Times

Earlier this year, Future Planet Capital, a global innovation platform, announced the launch of a $39m British Innovation Fund, designed to focus on the “commercialisation of research emerging out of UK universities”.

“For us, innovation is a new and profitable way of doing things,” says co-founder Douglas Hansen-Luke. “We’re looking for projects with the potential to work and make a profit.”

Future Planet also acts as a platform for some of the world’s largest sovereign wealth funds, scouting opportunities among emerging talent at universities around the globe.

How the first global university venture fund hopes to change the world

Future Planet Capital wants to connect investors to startups to help solve the biggest issues facing the planet.

The world's first global university venture fund was founded in 2015 to connect major investors, startups and academics to develop commercially viable technology that addresses challenges around climate change, health, sustainability, education, or security.

Future Planet Capital press release: Tuesday 23rd May 2017

Today, Future Planet Capital hosted an inaugural awards ceremony honouring the best start-ups across five categories at the Global Corporate Venturing Symposium.

The overall winner, PragmatIC, was picked by a judging panel chaired by world-renowned architect Lord Foster, with other panel members including education reformer Lord Nat Wei, Patrick Chung, founding partner of Xfund, Nick Greenwood, Fund Manager, Royal County of Berkshire Pension Fund and Jim Wilkinson, CEO, Oxford Sciences Innovation.

Future Planet Capital press release: Tuesday 16 May 2017

DMS Governance ("DMS"), the world's leading fund governance firm, is delighted to announce the addition of Future Planet Fund 1 (the "Fund") to its DMS QIAIF Platform ICAV. This is a global innovation fund, connecting the world's biggest investors to the best minds, to profitably address the world's greatest challenges.  The investment objective is to maximize long-term capital gains by providing multi-stage investment in technology and life science firms.  The Fund will invest in innovations that (i) are relatively immune to macroeconomic factors, (ii) reduce unrewarded risks, (iii) are scalable and have a proven business model.

Future Planet Capital press release: Thursday 27 April 2017

Congenica, a world leader in clinical genomics software for inherited diseases, today announced completion of its recently announced Series B funding round with additional investments from new strategically important investors BGI Genomics (BGI), a recognized global leader in genomics, Healthlink Capital (Healthlink), another well-established China-based life-science investor and Future Planet Capital, a global innovation fund.

Pensions & Investments: Berkshire Pension Fund makes seed investment in U.K. university innovation fund

Royal County of Berkshire Pension Fund, Maidenhead, England, committed £15 million ($18.9m) and is the seed investor in a new strategy to direct institutional capital into the commercialisation of U.K. university innovation.

The British Innovation Fund was launched by Future Planet Capital and Milltrust International Group.

I&PE: Berkshire invests in commercialisation of UK university research

The UK’s £1.9bn (€2.3bn) Royal County of Berkshire Pension Fund is to invest £15m in a new fund aiming to direct institutional capital into the commercialisation of UK university research.

The local authority pension fund committed the £15m to the British Innovation Fund (BIF), launched on 1 December by Future Planet Capital and Milltrust International Group.

The fund has received commitments of £30m so far.

Future Planet Capital announces participation in funding for Oxford Science Innvoation.

Future Planet Capital is pleased to announce its participation in the third close of funding for Oxford Sciences Innovation plc alongside some of Asia's largest companies and investors.

OSI, which was formed in May 2015, has raised an additional £230m from new and existing investors. With nearly £600m now available to invest in spin-outs from Oxford’s science departments, OSI is believed to be the world’s largest university innovation investor.

Pursuing Innovation: Sovereign Wealth Funds and Technology Investment

The past three years have seen Sovereign Wealth Funds (SWF) capturing headlines for high-profile investments in innovative technology businesses. The Public Investment Fund of Saudi Arabia may have made the most noise in 2016 with its attention-grabbing $3.5 billion Uber stake and, more recently, a collaboration with Softbank on a "$100 billion" tech-focused venture capital fund. Yet such announcements are merely the tip of the iceberg.