Very Venture China
China is a global powerhouse for innovation and startups, offering unparalleled opportunities for entrepreneurs worldwide. In a recent video on his YouTube channel Very Venture China, Dennis Richard explores the dynamics of Intebridge, a state-backed incubator connecting international startups with the Chinese market. This article delves into his insights, providing a closer look at what makes Intebridge unique and how startups can leverage its resources.
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What is Intebridge
Founded in 2009, Intebridge is more than just a business incubator; it’s a bridge between international and Chinese markets. Located in Shenzhen, this state-backed incubator helps foreign startups enter the Chinese market while also assisting Chinese companies in expanding globally. With collaborations spanning Finland, Sweden, Germany, Spain, and Britain, Intebridge offers a unique platform for cross-cultural innovation.
The incubator provides startups with physical space, mentorship, and access to critical resources. Dennis’s conversation with Yui, a project manager at Intebridge, highlights its dual role as a supporter of innovation and a connector of cultures.
The “20+8 Policy” – A Roadmap for Investment
One of Intebridge’s key strategies is aligning with China’s “20+8 Policy,” a framework targeting high-priority industries for investment. According to Yui, these sectors include robotics, AI, green energy, biomedicine, and advanced semiconductors. Emerging technologies like augmented reality, smart wearables, and 3D printing also fall under this strategy.
Startups that align with these national priorities enjoy increased opportunities for funding and support, making this policy an essential consideration for entrepreneurs eyeing the Chinese market.
You can find the full list of industries from “20+8” in the description under the video on YouTube
Why Education and Networking Matter
Yui’s journey offers a compelling narrative of how education and global experience shape entrepreneurial success. After studying in the US and UK, Yui returned to Shenzhen with a vision: to support small startups through mentorship and global collaboration.
Dennis emphasizes the importance of constant learning and cross-cultural networking for entrepreneurs. Studying abroad or participating in international competitions allows founders to understand different markets and build networks essential for success in China.
How Intebridge Selects Startups
Dennis highlights Intebridge’s metrics for choosing startups to support:
- Innovation Alignment: Startups must address key industries under the “20+8 Policy.”
- Scalability: Investors prioritize projects that can scale quickly.
- Strategic Fit: Startups should demonstrate how their solutions align with national and global challenges.
Having a clear business plan and a concise pitch are non-negotiable. Investors and incubators are not just looking for good ideas but for well-structured proposals that articulate value and potential impact.
The Challenges of the Chinese Venture Market
The Chinese venture capital market differs significantly from Western models. As Dennis explains, Chinese investors often focus on short-term returns rather than long-term strategies. This requires startups to present clear goals and rapid growth potential. Ambiguity in strategy or execution is a red flag for investors in this fast-paced market.
How Foreign Startups Can Enter China
Yui shares actionable advice for foreign entrepreneurs entering China:
- Collaborate with Local Incubators: Platforms like Intebridge offer invaluable resources and connections.
- Participate in Competitions: Events hosted by Intebridge and other organizations provide opportunities to showcase your startup and network with key players.
- Understand the Market: Cultural and regulatory nuances can make or break a venture.
Lessons for Startups from Intebridge
Dennis’s key takeaways from Intebridge emphasize:
- The importance of aligning your startup’s vision with market demands.
- How mentorship and collaboration can unlock opportunities.
- Why adaptability and clear communication are crucial in a competitive ecosystem.
Watch the Full Video
For a deeper dive into Intebridge’s operations, Yui’s story, and actionable insights for startups, watch the full episode on Very Venture China. Discover how startups like yours can navigate the Chinese market and connect with investors through Intebridge.
China presents immense opportunities for ambitious entrepreneurs, but success requires strategy, adaptability, and strong local partnerships. Platforms like Intebridge play a critical role in bridging the gap between international talent and Chinese innovation. As Dennis shows, with the right approach, foreign startups can thrive in this dynamic and fast-paced market.
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