On October 14,2013, the opening ceremony of the 16th International Workshop on Business Incubation took place in Pudong, Shanghai. The workshop comprises a 5 days program with various lectures, group discussions and project matchmaking related to Business Incubation. The main theme of the week is ‘Business Incubation & Industry Cultivation’. There will be discussions on best practices of e.g. life science incubation. All in order to optimize the support of innovation through collaboration and clusters. At his keynote speech, Mr. An Lei, Deputy Director at the Division of Business Incubator Administration from the Torch High Technology Industry Development Center, showed impressing last year’s output on Business Incubation practices in China (see figure below).
At his opening remark, Mr. An Lei also mentioned the need of growth and efficiency. Business Incubators in China support start-ups, but also large scale companies with services. In general, incubators provide hardware (space), funds, expertise and service in order to guide new ideas and opportunities. New ideas and opportunities which are supposed to lead to economic growth.
Participants from more than 20 countries expressed their goal to build an international network, collaborate on technology transfers/co-research, incubate new entrepreneurs and create know-how on support of innovation in Shanghai until October 19.