Sam Quawasmi, co-founder of global equity crowdfunding platform Eureeca, is urging UK and European businesses to take advantage of China’s ambitious development plans and to consider getting funding to expand into the region.
“China has made clear its ambition to become the Intellectual Property (IP) capital of the world and, as a result, it is looking to attract and invest in IP-related businesses, subject to those companies opening up and having a presence in China. This is a huge opportunity for UK and European businesses who own IP and want to enter the Chinese market and benefit from being part of what is likely to be the next most dominant economic super power globally in the coming years,” explains Quawasmi.
These ambitions are part of The One Belt, One Road Initiative, which is a development strategy proposed by China’s President Xi Jinping. The initiative’s aim is to connect China with Eurasia by building and investing trillions of dollars into infrastructure projects, education, railway, highway and telecommunication systems, alongside IP. In response to this, Eureeca has spent the past 12 months building partnerships with Chinese investment institutions in order to prepare them to invest in UK or European businesses via the Eureeca platform.
“The organisations we met with in China are hungry to invest and buy into any AI, AR and VR related companies that happen to own the IP, with the view that they would help those companies expand into mainland China. It is an amazing opportunity,” concluded Quawasmi.