SHENZHEN, China, June 26, 2015 /PRNewswire/ -- In June, 2015, Deutsche Borse Group and Matthias Machnig, State Secretary of the German Federal Ministry for Economic Affairs and Energy, jointly announced the launch of the proposed "Deutsche Borse Venture Network" and held the inaugural ceremony at the Germany Federal Economics Ministry in Berlin. The network aims to improve fund raising opportunities for young growth companies. The official opening ceremony was attended by 27 companies and 42 investors already registered on the platform.TCL Capital was one of the two Chinese venture capital companies that were among the first group of registered investors.
Deutsche Borse Venture Network comprises a non-public online platform, where funding rounds will be initiated, along with training and networking events.
The platform is gaining attention and is welcomed by communities all across Europe. Sigmar Gabriel, Federal Minister of Economic Affairs and Energy said, "The programme is an important component to achieving our common aim of strengthening IPOs in Germany. I am convinced that the programme will contribute to improving the funding situation of young growth companies in Germany."
Deutsche Borse Deputy CEO Andreas Preuss said, "Deutsche Borse Venture Network is one of our contributions to improving the environment for young growth companies in Germany to make it easier for them to raise capital and potentially float on the stock exchange as well. We are convinced that the programme we presented today will greatly contribute to the promotion of growth funding in Germany, and we look forward to successfully collaborating with all those involved."
The Deutsche Borse Venture Network will provide a workflow process to local firms and investors, who in turn can use the process to build their relationship network and establish connections. The process opens the way for local firms who seek to reach and set up face-to-face presentations with German and international investors. The first group of investors includes well-known local and international private equity investment firms, venture capitalists, angel investors and high net worth individuals.
As an international group headquartered in China, TCL Corporation has extended its business reach into Germany and several other major European countries. With the whole world actively pursuing and adopting the "Industry 4.0" initiative, a high-tech strategy first put forth by the German government, TCL Corporation subsidiary TCL Capital's early participation in the Deutsche Borse Venture Network system as one of the first venture capital firms to be invited by Deutsche Borse Group is expected to prove helpful in further enhancing the firm's interaction with Germany's emerging companies and in seeking better investment opportunities, driving the mutual development of both China's and Germany's investment and financing sector.
SOURCE TCL Corporation