Tsinghua University Science Park, Shui On Group, Northern Light Venture Capital and Silicon Valley Bank have partnered to launch a Santa Clara-based Sino-American incubator focused on nurturing cross-border start-ups.
The new InnoSpring will provide incubation services and physical space to technology start-ups. In addition, it will act as a soft landing platform for cross-border development of US and Chinese enterprises and will work closely with Chinese public agencies to facilitate Silicon Valley companies’ expansion efforts into China.
The incubator will provide the winning start-ups of the Second Annual North American Start-up Contest Summit six months’ complimentary office space and incubation services. InnoSpring will also help companies that intend to expand business to China raise funding, develop business and gain support from relevant Chinese entities.