Silicon Valley's first China-US business incubator launches accelerator project

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To the entrepreneur, the incubator is the booster that realizes the dream. Silicon Valley's dozens of incubators include combinator such as Y-startups, as well as the overseas. But for the Chinese market, innospring (source) is undoubtedly a special one. As Silicon Valley's first business incubator for China and the US, innospring can be seen as a bridge between Chinese and American start-ups. The founder's soon behind the incubator is the founding power of the US and China: Tsinghua Science Park, Ruian property, northern Aurora VCs and Silicon Valley banks.

Operating for two months, Innospring has ushered in more than 20 entrepreneurial teams in the Santa Clara incubator base in Silicon Valley, including mobile Internet, chip development, clean energy and other fields. Innospring also selectively made seed investments. After launching an incubator project for the initial entrepreneurial team, innospring this week announced the launch of a new accelerator project for the growth start-up team, offering a 6-month boost to the two-country entrepreneurial teams that are interested in achieving rapid growth in the U.S. market.

From the beginning of this week to the end of August, Innospring began to accept applications from the start-up team and in September selected up to 10 start-up teams in October to host the demo day event at the end of the 6-month accelerated project. Each start-up team will receive 100,000 dollars in funding and receive professional guidance from innospring industry and business Advisors.

"Innospring will form a 15-20-person professional consultancy team to provide the most targeted guidance for the entrepreneurial team," innospring President Zhang Yuqing said in an interview with Sina Science and technology. These professionals include specific industry experts, venture capitalists, angel investors, marketing and PR specialists, and venture-related firms. ”

Zhang Yuqing also said that Innospring would also invite leading entrepreneurs and corporate executives in Silicon Valley and China to lecture for entrepreneurs and provide entrepreneurs with opportunities to engage VCs and angel investors. At present, the 8 advisers identified by Innospring have a wealth of experience in venture capital, senior investors or successful entrepreneurs in both China and the United States.

Innospring has a clear brand of Tsinghua, the consultant also has a number of Tsinghua graduates: Huashan Capital Founding partner Chen Datong, as a successful entrepreneur and investor, Chen is also the joint founder of Communications and OmniVision, Tsinghua Entrepreneur Association, Angel Fund Director partner Kim Keng, has jointly founded Simple Silicon, currently serving as vice President of Iwatt Company, Tsinghua Angel Fund consultant Wang Jinlin, he is currently answers CTO.

In addition, the advisers included senior investors: Kleiner, China's managing director, Sheven, a former McKinsey associate director, focused on the semiconductor industry and green technology, and Baynote, the partner of the Jinsha Venture, who co-founded the recommendation engine website Jack and the software company interwoven; Jointly founded Accelops and Protego NX Two network technology company's female entrepreneur Zeng Yimin, she has served as the Silicon Valley largest Chinese science and Technology Association China Source meeting President; Kleiner Partner Brook Portel.

The Innospring Accelerator project will be funded by the Innospring Seed Fund, founded jointly by Kleiner, Aurora Capital, Jinsha venture, broadband capital and the Angel Foundation of Tsinghua Entrepreneur Association.

Innospring Accelerator Project Application Link: http://www.innospring.net/apply/innospring-accelerator-program/