Shenzhen Municipal Government sets up base within SILK Ventures' office in London

27 Mar 2017

We are delighted to announce the opening of a European Office for Shenzen within our offices in Canary Wharf, following meetings with the Mayor of Shenzhen last September. Shenzhen’s Department of Trade and Investment will work closely with us to provide the support and funding needed by promising technology companies to expand into the Chinese market.

The Shenzhen Department of Trade and Investment will have two to three officials in the UK office on a daily basis, and the office will continue to see a series of high level officials visiting the space in SILK Ventures. The team will provide access to incentive schemes, regulatory support and endorsement.

Angelica Anton, Founding Partner of SILK Ventures, said: “China is continuing to get serious about investing in UK tech companies. We’re delighted to have Shenzhen’s Department of Trade and Investment open an office within our own, in what is a pioneering move between a VC firm and a Government, to drive the pipeline of UK and European tech startups towards the Chinese market.  In a post-Brexit world, it’s encouraging to see a foreign government working closely with investors like SILK Ventures to ensure the best support possible and create new opportunities for businesses to expand into one of the world’s largest markets, Asia.”

Ben Brabyn, Head of Level39, commented: “London’s strength as a centre for tech and business has always relied upon close relationships with the rest of the world – a characteristic which is now more important than ever. Through opening their European Headquarters at the SILK Ventures’ office in the heart of Canary Wharf, Shenzhen’s Department of Trade and Investment is demonstrating that the UK remains an internationally significant tech hub. There is huge potential for UK companies looking to expand their operations into China and Chinese companies looking to invest in the UK and Level39 is the best place to realise the opportunities of global scale.”