Business / Technology

Tech Code to bring overseas high-tech to China

By Hu Yuanyuan and Bu Han ( Updated: 2015-05-26 16:50

Tech Code, a leading high-tech business developer in Beijing, plans to set up 10 centers at home and abroad this year, according to the company's top management.

The centers will be mainly located in large cities including Beijing, Shanghai and Shenzhen, and countries including South Korea, Israel and Germany, aiming to identify and develop world class technologies that can be industrialized in China, Tech Code CEO Huang Haiyan said.

As a company committed to offering services for high-tech start-ups and young enterprises to help them grow and develop new markets, Tech Code considers itself a platform for worldwide resource integration, according to Huang.

Popular entrepreneurship and innovation will become a new engine for China's economic growth, Chinese Premier Li Keqiang said earlier this year.

Last March, in collaboration with partner CFLD, Tech Code started a new high-tech service - CFLD (US) Incubator Services Inc - in Silicon Valley, which has attracted more than 20 clients so far and become the best Chinese developer there.

With the concept of establishing companies in the US, accelerating their development by CFLD and helping them innovate in China; Tech Code has successfully introduced many overseas high-tech projects to China, mainly related to bio-pharmaceuticals, big data, cloud platform and smart hardware.

Others operating in high-tech business centers also gain momentum given that enterprises are becoming the main body of innovation in China. Legend Star has trained more than 600 CEOs of small- and medium-sized companies in the past seven years; 3W in Zhongguancun attracted Premier Li to pay a site visit several weeks ago and The Innovation Works in Shanghai has invested in more than 150 projects up to last month.

"The innovation drive in China is very strong. From a global perspective, I think China will become one of the important innovation powers in the next decade or beyond. China should simplify the bureaucratic mechanism to make it easier for entrepreneurs to start their business," said Oscar Jazdowksi, vice president of Silicon Valley Bank.

"Thanks to the large scale of the Chinese market, enterprises have more opportunities to learn and grow through trial and error, thus becoming more qualified in avoiding detours and mistakes when entering overseas markets," said Huang.

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