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Chinese sci-tech giant Tus-Holdings eyes NZ

Tus-Holdings, a $48 billion NZD Chinese company that developed the world’s largest technology park, is heading to New Zealand to explore innovation opportunities.

The arrival into New Zealand marks Tus-Holdings’ ambition to support the country’s scientific research infrastructure and support for business growth through innovations in the bioscience, agritech and healthcare sectors.

Tus-Holdings alone is in charge of 300 start-up incubators for 70 science parks across 100 cities in the world.

Heading into New Zealand in November, Tus-Holdings will explore joint construction of science and technology industrial parks to promote innovation in New Zealand.

Tony Browne, New Zealand’s former ambassador to China, and current chairman of the Council of Next Federation, says this could represent an opportunity for expansion of the science and tech sectors.

“Through its incubation and funding ecosystem, Tus-Holdings has helped thousands of fledgling tech companies, including 94 listed companies, develop from start-up phase to reach their full potential,” he says.

Read more: Realising New Zealand’s innovation potential

“The potential launch of a science and technology park in New Zealand, similar to what has been developed in countries such as the UK, US and Switzerland, would be designed to provide critical investment to help Kiwi firms commercialise their ideas and build sufficient scale to access key offshore markets.”

Tus-Holdings specifically has interest for a focus on provision of facilities and opportunities for scientific research and its commercialisation.

If Tus-Holdings chooses to come to New Zealand, they will replicate their successful TusPark Cambridge facility that has helped a number of British companies enter and grow within the Chinese market.

An exciting time for New Zealand, this opportunity is hoping to attract a diverse range of organisations including biotechnology, software and gaming companies.

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