Growth Road Map for Technology Entrepreneurs in Shanghai
- Slides: 22
Growth Road Map for Technology Entrepreneurs in Shanghai Technology Innovation Center Shanghai International Business Incubator Aug 6, 2009
Outline • Policy Role of TBIs in China • Action plan to TBIs in Shanghai • Road Map for Promoting Entrepreneurship
Policy Role of TBIs in China The Policy Role • An important component of the national technological innovation system • Cradles of technopreneurs and tech-based start -ups • Headstreams of technology innovations • Bases to attract and accommodate talents • Important forces to promote regional technological innovation • Drivers for economic and social development
Policy Role of TBIs in China Incubator---A Policy Tool to Promote Innovation and Entrepreneurship • An important component of the national technological innovation system • Cradles of technopreneurs and tech-based start -ups • Headstreams of technology innovations • Bases to attract and accommodate talents • Important forces to promote regional technological innovation • Drivers for economic and social development
Policy Role of TBIs in China • Entrepreneurialism promoted • Platforms provided for entrepreneurs in China and from overseas to establish their own startups • An accumulative total of 15, 931 enterprises graduated from TBIs in past 20 years • Average sales income of graduates reaches 9 million RMB, 5 times increase since their entrance to TBIs
Policy Role of TBIs in China • Contribution to economy and society • A large quantity of technology enterprises have been brought up, making remarkable contributions to economic development and industrial restructuring • 2, 000 high-tech companies delivered to society annually from 2001 to 2005, • 50 graduated enterprise from TBIs have gone public by 2006 • Major sources of innovative technologies, contributing 1/4 of all technology-based SMEs in China • Job creation • 1 million new jobs from 2001 to 2005
Policy Role of TBIs in China • Capacity Building “Professional Incubation” + “Mentoring Service” + “Angel Investment”
Policy Role of TBIs in China • Government support to business incubation • Tax intensives for certified incubator • Initiate “Torch mentoring action for Entrepreneur” • Set up Guide Funding for Innovation Investment for Technology SMEs
Action plan of TBIs in Shanghai • Development History 2003 2000 1997 Shanghai Technology Innovation Center 1988 1990 set up incubator in the Hi-tech Park Build up the incubator near renowned universities STIC and District co -establish business incubators Set up various specialized incubators in different technology fields Industry (16 specialized incubators) Now there are 35 incubators in Shanghai with 600, 000 m 2 incubation space and 2000 tenant companies as well as 33, 000 employment.
Environment Protection Industry Design Multimedia Technology IC Design Technology Nano-Meter Material Technology Pharmaceutical STIC Advanced Manufacture Modern Agriculture Fine Chemicals
Action plan of TBIs in Shanghai Promote innovation and entrepreneurship through TBIs • Incubation Service Platform • Pre-Incubation Base • Mentoring system • Entrepreneurship Foundation for University Graduates • Innovation Project for Start up companies • Internationalization
Action plan of TBIs in Shanghai • Incubation Service Platform Project application Training service: CTO training Core MBA Financing VC, bank loan Marketing exploration& networking services Consulting services Law, HR, IPR Physical facilities
Action plan of TBIs in Shanghai • Pre-incubation Base • Classic Incubation Model Idea → Project → Company • Plug & Play Office • Public Service (shared receptionist, accountant and so on) • Coaching Program • Encourage Entrepreneurship • Government Procurement for incubation services
Action plan of TBIs in Shanghai • Mentoring System Coordinator Coach Tenant Companies Mentors
Action plan of TBIs in Shanghai • Entrepreneurship Foundation for University Graduates • 100, 000 – 300, 000 RMB support • Equity instead of grant money • collaboration between Foundation and Incubator • innovation internship
Action plan of TBIs in Shanghai • Innovation Project for Start up companies • 150, 000 RMB Grant from Local Government (Matching Fund) • 200, 000 – 400, 000 RMB Grant from National Innovation Fund • Targeted companies: Less that 36 months old and 3 million registered capital • Service Institution: Shanghai Technology Innovation Center • Expected support: 200 projects from local government (30 Million RMB) 100++ projects from central government
Action plan of TBIs in Shanghai • Internationalization • Soft landing program • Establish the 1 st overseas window --- UK office • International Business Incubation Base • Encourage the international technology transfer
Action plan of TBIs in Shanghai • Internationalization • Soft landing program ★ Implement Pre-marketing ★ Innovation Environment ★ Joint Incubation
Action plan of TBIs in Shanghai Country France Company Business scope Réseau France Chine Innovation center Astek Company(IT solution) THT Company (Medical equipment) Chinpass Company (E-learning) Demark Innovation Center Korea COMIZOA Digital Measurement & Control System CK Entertainment Company(E-GAMES) Japan BIO Shanghai Center Innovation Center UK Sevcon Electric motor control MICC COMPANY (Mineral cable market)
Road Map for Promoting Entrepreneurship Innovation Foundation for University Graduates Innovative Idea Nursery Innovation Fund Innovation Project for Startup Companies Graduated Companies Startup Companies Angel Funds Technology Mini Giant Project Mature Companies Commercial Government Incubator VC Loan Accelerato r Hi-tech Park PE
Welcome to Shanghai, China 12 th International Training Workshop on Business Incubation Model & Effective Entrepreneur Support System Oct. 12 -17, 2009 Shanghai, China
Thank you! Contact: Address: 100 Qinzhou Road, Shanghai, China Zip Code: 200235 Tel: +86 -21 -64515526 Fax: +86 -21 -64833567 Email: stic@stn. sh. cn Web Site: www. incubator. sh. cn/en
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