Accunome Biotechnology completes tens of millions of yuan in Series A + of financing
In March 2020, Jiaxing Aikenuo Biotechnology Co., Ltd. ("Accunome") announced the completion of Series A + financing. This round of financing was led by Zhen Fund, and the original shareholder Chuang Capital continued to follow in this round. The financing will be used to accelerate the clinical and registration declaration of the automated molecular diagnostic platform and the first batch of test kits, as well as the subsequent research and development of new products.
Accunome was founded by Dr Yang Xing and Dr Xiao Guohua, two returnees, in July 2018. In October of the same year, it received Series A financing led by Chende Capital and participated by Chuang Capital.
The founder Dr Yang Xing has a Ph.D. from California Institute of Technology and holds technical and management positions in several successful startups and mature companies in the United States and China. The company is established by a team with extensive experience in the development of instruments and reagents.
Molecular diagnostics is the fastest growing area in the global IVD industry. Since its establishment, Accunome has focused on the automation of molecular diagnostic laboratories, and is committed to the development and promotion of a fully automatic nucleic acid detection platform for testing laboratories and a series of test kits for the clinical diagnosis of severe infection diseases.
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The 2nd China (Shenzhen Luohu) Innovation And Entrepreneurship International Competition - Singapore Division Concludes!
It was an exciting and grueling month of June 2018 for the Startup community in Singapore. Together, the Shenzhen Luohu District Science and Technology Innovation Bureau, Shenzhen CRI Innovation Centre and Chuang Capital organised the 2nd China (Shenzhen Luohu) Da Wutong Innovation & Entrepreneurship International Competition in Singapore, on the 25th of June, at the JTC Launchpad Meeting Point, One North.
The event was opened by Guest of Honor Professor Su Guaning, President Emeritus of Nanyang Technological University, Mr Guo Shulin Deputy Director International Talent Exchange as well as Mr Zhou Lumin, CRI Innovation Centre Chairman who gave an intriguing speech on the opportunities and benefits for foreign innovative startups in Shenzhen Luohu.
Judges that graced the event include Mr Anthony Chong A*Start Central ETPL, Mr Zeng Peng Founder and Partner Chuang Capital, Mr YY Lai Lead of Startup & Incubation Paypal, Mr Chan Kok Pun Business Mentor NTUitive innovation Centre and Mr Michel Birnbaum NTUitive EIR & Mentor for Lean Startups.
The event was opened by Guest of Honor Professor Su Guaning, President Emeritus of Nanyang Technological University, Mr Guo Shulin Deputy Director International Talent Exchange as well as Mr Zhou Lumin, CRI Innovation Centre Chairman who gave an intriguing speech on the opportunities and benefits for foreign innovative startups in Shenzhen Luohu.
Judges that graced the event include Mr Anthony Chong A*Start Central ETPL, Mr Zeng Peng Founder and Partner Chuang Capital, Mr YY Lai Lead of Startup & Incubation Paypal, Mr Chan Kok Pun Business Mentor NTUitive innovation Centre and Mr Michel Birnbaum NTUitive EIR & Mentor for Lean Startups.
The event successfully attracted many Singaporean and South East Asian start-ups to participate. With a variety of specializations, ranging from Artificial Intelligence, Smart Manufacturing, Biotechnology, Blockchain, IoT, Big Data, New Materials to hybrids of these sophisticated technologies.
An initial online evaluation was conducted where, AiTreat, Zenith Yacht Charters, BacSense, KINEXCS, Klikdaily, Microtube, Movel Ai, NDR, OrgaMo, PopulStay, Ravenry, Wondering, TIIMHealthcare, Wisdom and Techssisted Micromed were selected as the finalists to pitch on-site for the Singapore Finale.
An initial online evaluation was conducted where, AiTreat, Zenith Yacht Charters, BacSense, KINEXCS, Klikdaily, Microtube, Movel Ai, NDR, OrgaMo, PopulStay, Ravenry, Wondering, TIIMHealthcare, Wisdom and Techssisted Micromed were selected as the finalists to pitch on-site for the Singapore Finale.
After an arduous day of pitching and questioning, Techssisted Micromed was crowned the Champion Team and walked away with a hefty sum of SGD$6,000 in cash money. Techssisted MicroMed is an NTU Spin-off founded in 2016 that focuses on R&D of medical robots for microsurgery and to provide solutions in the microsurgical field.
The 1st Runner up places went to NDR Medical Technology; a medtech start-up that develops surgical robots known as Automated Needle Targeting (ANT) to assist surgeons during minimally invasive surgery, and AiTreat; a start-up that creates a robotic system for soft tissue therapeutic treatment, tackling the shortage of skilled massage therapists while providing world-class healthcare treatment and lowering treatment costs. Both teams walked away with a respectable SGD$4,000 in cash money.
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Last but not least, the 2nd Runner up teams were
- Microtube Technologies; developing flexible, stretchable, wearable, and washable piezoresistive microtubular sensor capable of measuring compression bandaging for venous leg ulcers.
- TIIMHealthcare; Creating aiTriage™, an intelligent risk stratification system that incorporates clinical information, heart rate variability (HRV), ECG parameters and vital signs into a scoring system for rapid, real-time risk stratification of Major Adverse Cadiac Events (MACE) and sepsis.
- KINEXCS; A company that creates Medical Devices suitable for Remote Rehabilitation.
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The 2nd China Luohu District Da Wutong Innovation and Entrepreneurship Competition, was created to promote and cultivate the new industrial zone of Da Wutong in Luohu as a district for innovation and entrepreneurship. The winners of the Singapore Division if in line with policy conditions will be given the opportunity to participate in the Shenzhen Luohu finals later on in the year. And if they win again and have met the conditions for setting up base in Shenzhen Luohu, financial support for their industrial development, settlement and special housing privileges will be awarded on top of all the attractive prize money amounting up to ¥450k.
Let’s wish all the top 6 teams success in the Shenzhen Grand Finals and we look forward to another round of exciting competitions next year!
Let’s wish all the top 6 teams success in the Shenzhen Grand Finals and we look forward to another round of exciting competitions next year!
Launching of our Zhuhai incubator - Nanyang Internationl Valley incubator
In 2016, Chuang Capital has established an startup incubator at Zhuhai, just next to Shenzhen and Hong Kong, called Nanyang Internationl Valley. In this incubator we provide startups office space and corporate services including incorporation in China, government grant application, patent application and other corporate services.
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Partnering ETPL, NTUitive etc for startup investment and market access
In order to establish long term working relationship and invest in their projects, Chuang Capital has reached strategic collaboration with NUS MERCI, NHIC, ETPL, NTUitive, ANTI (the corporate venture arm of the PBA Group) etc to assist their startups and innovative projects to land in China by market access, commercialization or investment.
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ETPL Partnership
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New Virtual Reality (VR) Laboratory
Nanyang International Valley Incubator's new VR Laboratory is set up by Professor Cai from Nanyang Technological University and Chuang Capital. It will focus on VR technology translation, project incubation, industry cooperation, investment and financing within VR ecosystem.
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Singapore based medical device startup NDR won 2nd prize in ZhuHai Technology Venture Competition
Chuang Capital connects the startups to the resources in China, linking them up to hospitals, regulator and various networks essential to their future product launch in China. We are pround that Singapore based startup NDR has won the 2nd prize in ZhuHai Technology Venture Competition, which has given NDR the seed fund and assistance in market access in China.
