Edward Chang
General Manager
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- Full Name
- Edward Chang
- Title
- General Manager / President, China Investment & Development Co., Ltd. (CIDC)
- Firm
- China Investment & Development Co., Ltd. (CIDC) — part of Global Investment Holdings (GIH); manager of the Grand Cathay Venture Capital funds
- Firm Type
- Venture capital / corporate investment group (he also makes angel/seed investments)
- Investment Stage
- Seed and early-stage, through later/growth rounds
- Sector Focus
- Biotechnology and life sciences (his core expertise); also electronics/IT and technology businesses across the CIDC platform
- Geographic Focus
- Taiwan and Greater China, with cross-border (foreign) investment
- Location
- Taipei, Taiwan
Background
Edward Chang is a Taiwanese biotechnology executive and venture investor who serves as General Manager / President of China Investment & Development Co., Ltd. (CIDC), the venture-capital and investment-consulting arm of Global Investment Holdings (GIH) in Taipei. CIDC, established in 1998 and building on more than a decade of prior business experience, provides management consulting and acts as an intermediary for domestic and foreign investment and technology cooperation. Through CIDC he also led the Grand Cathay Venture Capital funds (I, II and III), which together managed roughly NT$6.3 billion in assets and deployed capital into more than 200 domestic and foreign companies. Multiple sources place his tenure as CEO of CIDC and the Grand Cathay funds at approximately 2002–2015.
Chang is described as a well-known scientist in genetics and cell immunology. He holds a Ph.D. in Bacteriology from the University of Wisconsin–Madison, completed a post-doctoral fellowship at Harvard University Medical School, and served as an Associate Investigator at Cold Spring Harbor Laboratory. Before moving into venture capital he built an operating career in biotech: R&D Director at Applied Microbiology Inc., Vice President at the Development Center for Biotechnology (DCB), and Vice President / Chief Operating Officer at ScinoPharm Taiwan (a leading active-pharmaceutical-ingredient CDMO). He briefly returned to ScinoPharm as COO in 2021.
Beyond his investment roles, Chang has been a central figure in Taiwan's biotech ecosystem. He has chaired (and previously been Vice Chairman of the board of) Maxigen Biotech Inc., a Taoyuan-based orthopedic/biomaterials medical-device company, since 2005. He has served as Chairman of the Taipei Bio-industry Association since January 2020 (Vice President from 2014), as Senior Advisor and Chairman of the Alumni Association at the Development Center for Biotechnology since 2014, and as an Independent Board Member at TWi Biotechnology since August 2021. He is repeatedly cited for his involvement in Taiwan's biotech industrial strategy and in restructuring biotech companies.
Investment Thesis & Focus
- Biotech and life-sciences first. Chang's deep scientific training (genetics, cell immunology, bacteriology) and operating background at DCB and ScinoPharm make biotechnology and medical devices his natural area of conviction.
- Stage flexibility, including seed/angel. The stub data and his profile indicate participation in seed-round/angel deals; across the CIDC/Grand Cathay platform he invested from early through later stages, into 200+ companies.
- Technology businesses broadly. CIDC's mandate also spans electronics/IT and other technology sectors, supported by sector specialists on his team (biotech and electronics/IT desks).
- Cross-border deal-making. CIDC explicitly serves as "an intermediary for domestic and foreign investment" and technology cooperation, so he is open to Taiwan–overseas bridge opportunities.
- Hands-on, restructuring-oriented value-add. He is repeatedly described as helping shape biotech companies and lead restructurings (e.g., his long board roles at Maxigen and operating roles at ScinoPharm), suggesting he prefers to be actively involved post-investment.
Notable Investments
- Maxigen Biotech Inc. — Taoyuan-based orthopedic biomaterials / medical-device maker; Chang has been Chairman / Vice Chairman of the board since 2005.
- ScinoPharm Taiwan, Ltd. — Major active-pharmaceutical-ingredient (API) CDMO; he was VP / COO (and again COO in 2021), a company closely tied to his investment and operating activity.
- TWi Biotechnology — Specialty/repurposed-drug developer; Independent Board Member since August 2021.
- Grand Cathay Venture Capital Funds I, II & III — The venture vehicles he led under CIDC, which invested in 200+ domestic and foreign technology and biotech companies (specific underlying portfolio names not individually verified in public sources).
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