Incubator sharpens focus on innovation

Three Chinese incubators and two foreign companies agreed to establish an international business incubator in Beijing, as part of their effort to transform existing technologies and effect technology transfers.

Their new venture, Beijing International Co-Incubation, aims to provide monetary and technical support, as well as international market opportunities, for companies from Canada, South Korea and China.

It was jointly established by China International Economic Cooperation and Investment Inc, Beijing Zoom Technology Incubator Co Ltd, 898 InnoSpace, the Ontario Science Center and Zeta Plan Investment Co Ltd.