Ping An-Dapeng International Bio-Valley, a joint venture between Ping An Urban Tech and the Dapeng district government, has recently teamed up with the Kotler Marketing Corp., a consulting firm based in Washington, DC, to cooperate on building the incubator base as well as raising a startup fund for biotech innovation.
Zhuang Xiaodong, CEO of Ping An-Dapeng, said during the signing ceremony that the two parties brought great strengths to the venture. Ping An Urban-Tech has proficiency in core technologies such as building information modeling (BIM), AI, Internet of Things and cloud computing. Kotler’s core competitiveness in “resource consolidation” will help to accelerate the incubator’s construction.
Located in southeast Shenzhen, the Dapeng New District is an important node on the Guangzhou-Dongguan-Shenzhen Science and Technology Corridor (read our explainer). Its focus on the industries of biopharmaceuticals, life sciences, and maritime economy are getting strong support from the city and provincial governments.
The Kotler Marketing Corp, co-founded by the renownerd Philip Kotler and his younger brother, Milton Kotler, is one of the world’s leading consulting companies. It counts among its 200 clients the Shenzhen Luohu District and the Shenzhen Science and Technology Bureau.