• TwoTigers24, New York
  • October 22, 2026

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In partnership with: EQT

The grand finale of EQT Impact Challenge 2026 at Hong Kong’s M+ Museum in September saw some of Asia’s most promising deep-tech founders tackling challenges across climate and health.
The initiative, backed by global investment firm EQT and its philanthropic arm EQT Foundation, provides young companies with crucial early-stage investment alongside access to a global network of industry experts, investors and mentors.
After a seven-month journey that attracted more than 200 applicants and almost 6,000 public votes, five finalists took to the stage.
Advent Gene Therapeutics, which was named this year’s winner, has received investment of €500,000 (US$560,000) from EQT Foundation. The AI-driven biotech start-up develops next-generation viral vectors which enable safer, more precise and effective delivery of genetic medicines.

Okosix, which develops biopolymers that can reduce the use of plastic, and C2iTech, which hopes to use laboratory-grown cells to support the treatment of lung cancer , were named runners-up. They have both received support from Central Cove Group, the family office of Jean Eric Salata, chair of EQT Group.

SCMP Live of the South China Morning Post was an organising partner of EQT Impact Challenge 2026.

Source: South China Morning Post

Author

YNOT — Two Tigers Consulting From Building Bridges to Watching China About 15 years ago, I founded a small company called Two Tigers Consulting with a relatively simple idea: help American and Chinese businesses work together. At the time, China represented one of the greatest business opportunities in the world — a rapidly expanding economy, extraordinary manufacturing capabilities, and ambitious entrepreneurs eager to build relationships with American companies. Two Tigers Consulting was created to help bridge that gap. For a while, it worked. We attended trade shows, arranged meetings, and introduced companies across both cultures. But after one particularly promising trade show, several Chinese businesspeople we had met were reportedly arrested upon returning to China — apparently for traveling without proper authorization. That experience taught me something important: in China, being a successful entrepreneur doesn't necessarily mean being free to conduct business. As Xi Jinping consolidated power and the political environment shifted, we concluded the potential rewards of doing business in China no longer justified the risks. Rather than abandon our knowledge entirely, Two Tigers evolved into a platform for following, discussing, and analyzing developments inside China — its economy, political leadership, and increasingly complicated relationship with the United States. I want to make absolutely clear that I have tremendous respect for the Chinese people — their entrepreneurs, engineers, and workers are extraordinarily capable. But I also believe China's political system creates fundamental contradictions: enormous private fortunes can be accumulated, yet ultimate political authority remains firmly concentrated, making relationships based on mutual trust and predictable rules extremely difficult to sustain. Today, Two Tigers is an independent publication examining China's achievements, challenges, ambitions, and contradictions — where they intersect with the United States and the broader world. What began as a small business venture now attracts roughly 10,000 visits a day. Understanding China is no longer optional: what happens there affects businesses, economies, and people throughout the world. And that is why Two Tigers continues.

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