Spinouts from China-based Tsinghua University’s X-lab incubator are set to gain access to £30m ($40m) in funding from UK-based innovation platform Future Planet Capital (FPC), City AM reported on Wednesday.
Tsinghua’s X-Lab was formed in 2013 to promote creativity among students, faculty and entrepreneurs, and has so far supported 1,190 projects and spun off 480 businesses. FPC will target spinouts working in sectors such as education, health and security technology.
Founded in 2015, FPC aims to secure tie-ups with what…
