Chinese Tsinghua to Start R&D Fund, 1,000 Incubators in Innovation Push

Tsinghua Holdings will invest no less than 50 billion yuan ($7.6 billion) in research over five years and set up a fund to help commercialize scientific discoveries, Chairman Xu Jinghong said in an interview. The company, a state-owned enterprise that was founded in 2003 by Chinese president Xi Jinping’s alma mater, Tsinghua University, kicked off two […]

Hong Kong launches $256m tech fund for startups

Hong Kong has launched a HK$2 billion (US$256.94 million) innovation and technology venture fund, aimed at investing in and growing Hong Kong-based startup ventures andreflecting a growing ecosystem. The Hong Kong Venture Capital & Private Equity Association (HKVCA) welcomed the announcement by Hong Kong’s chief executive, Leung Chun-Ying,  at his 2016 Policy Address. This comes amidst recent growth in Hong Kong’s startup […]

Russia, China partner on $200 million venture fund, tech incubator

The United States isn’t the only place in the world where money is pouring into high-tech innovation. On Tuesday, Russian prime minister Dmitry Medvedev’s Skolkovo Foundation for technical development and the Chinese Cybernaut Investment Group agreed to create a $200 million venture fund, a startup incubator for Russian businesses and a new Chinese robotics center, […]

China To Establish $6.5B State Venture Fund To Drive Innovation

China’s State Council has decided to establish a state venture capital fund with as much as RMB40 billion (US$6.5 billion) in capital to help support innovation and to upgrade its industrial sectors, according to a statement posted on the Chinese government’s official website. The fund will utilize capital from the central government’s fiscal budget and […]

Steve Blank’s Take On The Rise Of Chinese Venture Capital

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. All the usual caveats apply. I was only in China for a week so this a cursory view. Thanks […]

Overview of Hong Kong University of Science and Technology Proof of Concept Fund

1. Background The University is proactive in introducing new funding channels to facilitate technology transfer from university research to industries. The Proof-of-Concept Fund (PCF) is established to enhance technology transfer process with the support of the Knowledge Transfer (KT) Fund from the Hong Kong Government. PCF aims at facilitating university researchers to demonstrate the industrial potentials […]

US-China incubator Springs up in Sillicon Valley

innoSpring, Silicon Valley’s first US-China technology startup incubator, officially opened its doors today and welcomed its first intake of 12 technology startup companies to its newly-minted 13,500-square-feet facilities in Silicon Valley. At a by-invitation-only event, InnoSpring also announced the establishment of the InnoSpring Seed Fund.