First China-US Cross Border Incubator Set up in Silicon ValleyPrint

Post Time：2012-01-11来源：

TusPark, Shui On Group, Northern Light Venture Capital, and Silicon Valley Bank have jointly announced the founding of InnoSpring. As the first Silicon Valley-based China-US cross border incubator, InnoSpring will play an important role in a variety of aspects: provide comprehensive services and space for newly-found enterprises; build a platform for both Chinese and American enterprises and entrepreneurs to develop their cross-border business, and cooperate with Chinese authorities to expand Chinese market for Silicon Valley enterprises. 

Newly-founded high-tech enterprises are now aiming at expanding their markets in China and the US. To meet their growing demand for support, TusPark, Shui On Group, Northern Light Venture Capital, and Silicon Valley Bank jointly founded InnoSpring, the first Silicon Valley-based China-US cross border incubator.

On January 8, 2012, the founding of InnoSpring was officially announced at the Second North American Startup Contest, which was jointly held by the UC-China Association of High-level Professionals, Tsinghua Entrepreneur and Executive Club (TEEC) and Angel Fund. InnoSpring is located at Santa Clara, California. As the first incubator aimed to help American and Chinese newly-founded enterprises to expand their oversea markets, it will facilitate the technological development, commercialization of tech results, investment and employment. 

“InnoSpring has emerged has the times require—a growing number of Chinese students returning from abroad are starting up their own businesses, while many American enterprises are interested in the Chinese market as well. We are glad to see that InnoSpring is working as a bridge connecting the Silicon Valley and China,” said Mr. Liu Wanfeng, Vice President of TusPark.

Mr. Chen Yongming, Executive Director of Shui On Group, said, “InnoSpring will work as an in dispensable part in the intellectual community we are building in China at the moment. Its deep connection with Silicon Valley will instill a strong momentum to the innovative cause of American and Chinese enterprises. “

“Northern Light Venture Capital feels proud for the founding of InnoSpring,” said Mr. Deng Feng, a founding partner of Northern Light. “The growing number of business starters in China and the Silicon Valley enterprises with a global strategy will get more help with their China-US cross border businesses,” he said. 

“Silicon Valley Bank is glad to be part of the InnoSpring project, the first ever Chinese incubator in the Bay Area. We hope to play a positive role in promoting the growth of newly-founded enterprises both in China and the US,” said Ken Wilcox, Chairman of Silicon Valley Bank.