Written by Rob Yen
Burbank, CA (June 1, 2017) – From May 10-19, Hanhai Studio’s Cross-Border Acceleration Program successfully introduced 10 startups to the Chinese market through pitch opportunities, roadshows, partner tours, and cultural innovation events throughout five major cities: Chengdu, Shenzhen, Beijing, Tianjin, and Hangzhou.
The dynamic startups – from various areas including Silicon Valley, Los Angeles and New York – began the tour in Chengdu to attend the 2017 Global Business Incubation Summit. Held at a brand-new, architecturally-designed building in the industrial area of the city, they witnessed first-hand the rapid rise of the technology sector.
At the event, these entrepreneurs had their first opportunity to pitch to an audience of investors and various resources, with the hope of establishing valuable connections in the city. Afterwards, they toured the industrial parks and enjoyed other cultural activities such as having a traditional hot pot dinner as well as visit the world-renowned Chengdu Research Base of Giant Panda Breeding.
The group then traveled to Shenzhen, where they toured the global headquarters of one of the largest tech companies in the world, Tencent. There, they met with representatives from the tech giant and introduced their respective startups to set up future discussions on what their needs may be in China.
Afterwards, the group headed to the country’s capital of Beijing, where they were introduced to more pitch opportunities at various innovation development zones throughout the massive city. While in Beijing, the group visited the headquarters of Hanhai International at the modern and expansive Galaxy SOHO building in downtown.
Dinner was held at a historic, 1,200+ year-old restaurant nestled within the city streets, where attendees feasted on an impressive spread of traditional Beijing delicacies like Peking Duck, slow roasted crispy prawns, and pickled cucumbers. With a couple of hours of free time that evening, the group visited Tiananmen Square to experience the sprawling city landmark under bright lights.
From Beijing, the group headed to a newly-developed eco-city area of Tianjin. Once there, they visited an incubation complex and learned that the entire area was developed in only seven years, a testament to the investment that the city is making towards innovation and technology development.
The last stop of the trip was to Hangzhou, the capital of China’s Zhejiang Province in the east, also known as the home to one of the largest tech companies in the world, Alibaba Group. The startups toured the campus and met with representatives from the company, where they received a presentation on some of the company’s current projects.
After, they attended an event hosted by the Enjoyor Incubator, which included their last pitching opportunity to potential investors. The evening concluded with a dinner at the West Lake area, one of the most famous and scenic attractions of the city.
As the tour drew to a close, and the entrepreneurs parted their separate ways, opportunities from the trip are still forthcoming. Providing valuable networking opportunities with investors and resources in a country that is dedicated to promote growth in innovation and technology are the goals of the cross-border acceleration program. Going forward, Hanhai Studio will help bridge the US-China relationship of such resources and opportunities to help pave the way for further expansion and development.