Silicon Valley’s first US-China technology startup ‘incubator’

(Excerpts from Press Release)

InnoSpring, Silicon Valley’s first US-China technology startup incubator, officially opened its doors today and welcomed its first intake of 13 technology startup companies to its newly-minted 13,500-square-feet facilities in Silicon Valley.

Formed from a strategic partnership between Tsinghua University Science Park (TusPark), Shui On Group (Shui On), Northern Light Venture Capital (NLVC) and Silicon Valley Bank (SVB), InnoSpring is the first incubator to focus on supporting American and Chinese startups to expand beyond their home countries.

InnoSpring provides:

‧Office space that can accommodate up to 40 startups

‧Startup capital, as well as access to venture capitalists and angel investors

‧Mentoring from seasoned executives and entrepreneurs

‧Business plan and funding advice

‧Entrepreneurial workshops, team building and recruiting assistance

‧In-house resources like bookkeeping/accounting and paralegal services

‧Referrals to professional services for U.S. and Chinese startups interested in cross-border development

‧Access to Chinese public agencies to facilitate US startups’ China expansion

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