Hangzhou, China Cohort 1

• The team analyzed past and current initiatives as well as identified future trends, to map-out a forward-looking vision of the ecosystem.
• The team facilitated the integration of different groups of entrepreneurs including overseas returnees, university students and faculty, and second generation entrepreneurs.
• The most important result of the team’s efforts was fostering the collaboration of all different stakeholders with IDEs at the forefront of the community members’ minds.

Strategic Intervention(s):

• The team used the program to spur the Hangzhou entrepreneurial ecosystem, including several Fudi Startup Incubator Centers in the city.
• Worked with Zhejiang University to become a feeder farm for local high-tech firms that aggressively recruit graduates.
• Local Communist Party officials were aggressively promoting the city as a magnet for start-ups through high quality education, high-tech incubator centers and low-cost capital to young entrepreneurs from angel investors and local government).
• Other initiatives driven by Team Hangzhou included:
  • Phoenix Tree Project(梧桐会): Attracting talent, a joint program by government & local entrepreneurs to get outside entrepreneurs to build start-ups in Hangzhou – started Oct 2013
  • Entrepreneurship Acceleration Program by Zhejiang Province and Hangzhou Municipal Government, including financial support
  • Zhejiang University startup joins MIT Start-up Accelerator, GFSA (now Delta v)
  • Investment attraction for overseas Chinese entrepreneurs to locate their startup in Hangzhou

Coming soon!