BaltTech: The race is on: China creates biotech VCs, new tech stock market - Technology news: Digital tech, innovation, Apple and Microsoft news from reporter Gus Sentementes

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October 30, 2009

The race is on: China creates biotech VCs, new tech stock market

Biotech, as a growth industry both here in Maryland and elsewhere in the U.S. and abroad, is about to welcome a huge competitor: China.

FierceBiotech reports that China launched 20 new venture capital funds to invest in technology companies, with biotech as a focus.

China also launched a new tech stock market, similar to the Nasdaq, FierceBiotech reports.

Posted by Gus Sentementes at 11:37 AM | Permalink | Comments (0)

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About Gus G. Sentementes

Gus G. Sentementes (@gussent on Twitter) has been writing for The Baltimore Sun since 2000. He's covered real estate, business, prisons, and suburban and Baltimore City crime and cops. He was one of the first reporters at The Sun to use multimedia tools and Web applications -- a video camera, an iPhone -- to cover breaking news. He hopes to cover Maryland geeks and the gadgets and Web sites they build, and learn -- and share -- something new every day.

Gus has a wife, a young daughter and two feuding cats. They live in Northeast Baltimore.

Follow @gussent on Twitter