Everywhere governments are looking for ways to encourage innovations. For super-innovator William Bao Bean the solution is pretty simple: get out of the way. And give visas where possible. Compensating VC for possible losses, like Shanghai wants to do, is certainly the wrong way. Singapore on the other hand does a good job.
Are you looking for more experts on innovation at the China Speakers Bureau. Check out our list here.
Do you want to know what eight Chinese innovations might disrupt your industry in 2916? Check it out here.