High-level Sino-Irish Technology Executive Society formed by VC firm

23 Jun 2014

A new high-level group, Sino-Irish Technology Executive Society (SITES), has been established by Summit Bridge Capital, manager of the China Ireland Technology Growth Fund.

The purpose of the group is to bring together leading technology executives from the Republic of Ireland and the People’s Republic of China for a number of forums each year to promote cross-border trade.

The establishment of SITES was announced today at the China Ireland Technology Summit, which Summit Bridge Capital is sponsoring. More than 300 delegates are attending the summit in Beijing and Shanghai.

The China Ireland Technology Summit is part of an Irish trade mission to China this week, led by Ireland’s Minister for Jobs, Enterprise and Innovation Richard Bruton, TD, along with Enterprise Ireland, IDA Ireland, and Summit Bridge Capital.

Summit Bridge Capital is a US$100m growth technology fund launched in January 2014, co-managed by Dublin-based Atlantic Bridge Capital and Beijing-based WestSummit Capital.

“Chinese technology companies are rapidly expanding to overseas markets. Ireland offers a highly skilled workforce and already serves as a gateway to Europe for many of the largest technology companies in the world,” said Raymond Yang, manging director of Summit Bridge Capital.

“The Sino-Irish Technology Executive Society enables Chinese executives to exchange views and Summit Bridge Capital targets Irish and Chinese companies operating in core technology sectors, such as internet, software, semiconductors, cloud, and clean technology, and areas of technology for which the fund’s strategy is uniquely positioned, including but not limited to agriculture technology, food technology, medical technology and financial technology.

“Given Ireland’s strategic position in Europe, Irish technology companies think globally from their inception,” said Brian Long, managing director of Summit Bridge Capital.

“China occupies a central role in the global technology industry and the Sino-Irish Technology Executive Society enables Irish executives to build the necessary senior relationships with Chinese customers and partners to succeed in China.”

Beijing image via Shutterstock

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years