Far away are the days high-tech zones would offer an office and tax breaks to startups. China´s government has become much smarter in nurturing the next generation Jack Ma´s, says William Bao Bean, managing director of Chinaccelerator and an investment partner at SOS Ventures in InTheBlack.
In the Black:
“All along, Chinese tech start-ups have been crying out for ‘smart’ capital,” says William Bao Bean, managing director of Chinaccelerator and an investment partner at SOS Ventures, a global VC firm with offices in Shanghai, Shenzhen and Hong Kong.
“In the past, China’s high-tech zones would simply gather established brands together and offer tax breaks. Now we’re seeing government funds increasingly collaborate with entrepreneurs and investors looking to put their own money into select start-ups. It’s a far more effective way of nurturing profitable innovation.”
Are you looking for more innovation experts at the China Speakers Bureau? Do check out this list.
And a recent endorsement by Kathleen Deutsch, vice-chairperson of the Lawyers Associated Worldwide.
“Our group loved your presentation and appreciated your direct approach to describing Chinese business culture. Your presentation was fascinating and engaging, delivered with humor, and had our members discussing it for the next two days, which say a lot. Although we have had similar types of presentations delivered by Chinese business people and lawyers, no one has been willing to discuss some of the important but somewhat uncomfortable aspects of Chinese business culture that Westerners really need to understand. You were the first to address the good, the bad and the ugly for everyone to consider.”