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BioBay Joins Medtronic and Sequoia Capital in Setting Up Venture Fund


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In order to further optimize the investment structure of Suzhou Industrial Park (SIP) on bio-medicine and healthcare and enhance the industrial advantages, Medtronic - Sequoia Innovation Venture Fund (the "Fund"), which was jointly invested and established by BioBay together with Medtronic and Sequoia Capital, officially kicked off on January 23. 

The total amount raised for the first phase of the Fund is 60 million US dollars. The Fund is mainly used for investing innovative start-ups originated from Chinese Mainland with global development potential in products and business modes, and also for introducing medical technologies and products developed by overseas innovative companies and meeting the unique needs of Chinese market, and supporting the localization and commercialization of such technologies and products in China.


January 24, 2016