InnoSpring

In 2012, InnoSpring (Shanghai) Co Ltd put together a partnership deal with Tsinghua to establish InnoSpring (SV), Silicon Valleys first US-China tech "incubator". So far, more than 150 companies involved in the project have found funding, while two thirds of them were launched by non-Chinese entrepreneurs. "Silicon Valley is never short of money," Liu Wanfeng, president of InnoSpring (Shanghai) said. "But foreign startups choose Chinese incubators because we can help them access one of the worlds largest markets. Without us, this would prove quite difficult."