Saturday, May 12, 2012 from 3:00 PM to 5:00 PM (PDT)
Santa Clara, CA
When & Where
WHAT IS INNOSPRING?
InnoSpring (Silicon Valley) was set up in April, 2012 as the first Sino-US incubator. It is a joint partnership between InnoSpring, Tsinghua University Science Park (TusPark) and Silicon Valley Bank (SVB). With InnoSpring taking the holding, the Sino-US incubator is vital for InnoSpring’s global strategy. It serves as a soft-landing platform to facilitate Chinese and US companies to enter each other’s market. InnoSpring (SV) provides such services as incubation, early investment, acceleration and co-working. Since 2012, it has incubated and served more than 100 start-ups. Its seed funds, financed by a group of investment institutions including KPCB, NLVC and Legend Star, have invested 40 companies whose total value exceeded $1.5 billion. In 2015, InnoSpring (SV) opened a branch office in San Francisco.
WHAT DOES INNOSPRING OFFER?
InnoSpring will provide space for up to 40 companies in our 14,000sq ft hub in Santa Clara, mentoring, in-house resources (eg. accounting/bookkeeping, paralegal etc), referrals to professional services and access to venture capitalists for U.S. and Chinese startups interested in cross-border development. InnoSpring will also provide startup capital through the InnoSpring Seed Fund.
KEY FUNCTIONS & SCOPE
- Providing investment & incubation for technology start-ups
- As a soft landing platform for both US and Chinese enterprises
- Facilitate Silicon Valley Companies’ expansion efforts into China.