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With tough net zero targets facing many Asian economies, the region’s cleantech companies represent attractive opportunities for international investors, while global cleantech firms looking for new markets will find many profitable openings.

FOODEX 2024: A window into Japan's food and beverage industry

In 2022, more than half of fuel cell electric vehicles (FCEVs) sold globally were made in South Korea, and Hyundai solidified its spot as the world's top FCEV OEM, growing its market share to almost 60%. The country also boasted nearly half of the world’s installed capacity of utility-scale stationary fuel cells.

In recent years, the landscape of venture capital investment in innovative medicine in China has experienced a notable shift. Following a period of prosperity during the COVID-19 pandemic, Chinese VC funding peaked in 2021. But this was followed by a substantial decline, caused by geopolitical tensions, the shift away from COVID research and unsatisfactory returns from prior development programs. Amidst this downturn, however, cell therapy has emerged as a beacon of opportunity for 2024 and beyond.

Last week, we held our second annual ‘Intralink Innovation Evening’ event, with the aim of fostering collaboration between western scalueps, Asian corporates and the venture ecosystem.

Stewart Randall, the Head of our Electronics Practice, has just been with our Taipei team at Semicon Taiwan – the world’s biggest semiconductor expo. They were there to help manage a mission of UK semiconductor pioneers, arrange match making meetings with Taiwanese companies and host an evening reception, as well as to see the latest trends in the industry in Asia.