Silicon Valley established the first Sino-US incubator Northern Lights Silicon Valley Bank and other institutions to participate (VC335)

On January 11th, Tsinghua Science and Technology Park, Shui On Group, Northern Light Venture Capital and Silicon Valley Bank and other institutions recently cooperated to establish the Sino-US incubator Inno Spring. It is understood that the establishment of this institution is mainly to meet the technology startups in China and the United States. Demand for entering the Chinese and US markets will be based in Silicon Valley, USA.

According to a statement jointly issued by several institutions, the services provided by Inno Spring include:

1. Provide comprehensive incubation services and development space for technology companies;

2. Provide a soft landing platform for multinational companies between China and the United States;

3. Actively cooperate with Chinese public institutions to promote the expansion of Silicon Valley companies in the Chinese market.

Inno Spring announced the news at the "Win in the 21st Century" North American High-level Talent Entrepreneurship Competition Final and Entrepreneurship Summit on January 8, and stated that the establishment of the incubator will promote the development of technology and technology business in both countries. Investment, and provide more employment opportunities.

Liu Wanfeng, senior vice president of Tsinghua Science and Technology Park, said that the establishment of Inno Spring is taking advantage of the trend. At present, the number of entrepreneurs returning from China's overseas returnees has grown rapidly, and many American entrepreneurs are also actively seeking opportunities to enter the Chinese market. Deng Feng, founding partner of Northern Light Ventures, believes that through Inno Spring, entrepreneurship in China and Silicon Valley will gain more support in overseas expansion.