InnoSpring, an industry innovation catalyzer and ecosystems builder for startups and industrial enterprises worldwide, has teamed up Alibaba to launch the Alibaba Innovation Center located in Jiading.
With the joint venture, InnoSpring and the Alibaba can now offer an expanded startup support system and infrastructure to drive the globalization of innovation.
American, global, and Chinese companies seeking to accelerate growth via solutions in smart cars, biomedical sciences, intelligent manufacturing, robotics, and the Internet of Things can leverage the Alibaba Innovation Center along with InnoSpring’s Shanghai Hongkou Incubator and its four other satellite locations in the area as a landing pad for expansion.
The center’s cloud service offerings and commerce infrastructure – along with InnoSpring’s ecosystem of investors, partners, services and events – provide the physical and digital foundation for cross border businesses and online marketplaces to grow.
It provides business support service including venture capital, venues, office facilities, capital docking, mentors, tax relief, development components, promotion, Alibaba Cloud service resources etc.
As of December 2016, Alibaba Innovation Center has established 35 innovative incubators in 25 cities across the country, provided free cloud resources support for more than 2,000 startups, totaling more than 35 million yuan.
The center joins InnoSpring’s network of innovation centers and offices that the company has set up in China and the United States. The expanded network will advance InnoSpring’s mission to nurture startups and accelerate the pace of the commercialization of new technologies in the global market.