Global start-ups, incubators seek business opportunities in Chinese market

SHANGHAI, Sept. 29 (Xinhua) -- Global incubators and start-up entrepreneurs have praised the opportunities bred by the vast Chinese market and incubation soil for technology start-ups at the World Top-Performing Incubator Conference 2024.

The conference, held in Shanghai Municipality from Sept. 26 to 28, attracted nearly 300 innovation projects in cutting-edge fields such biomedicine, integrated circuits and artificial intelligence. It saw the attendance of top incubators from more than 10 countries, including China, the United States, Canada and the Netherlands.

Sejun Oh, CEO of Huespine, a digital healthcare rehabilitation platform, brought their AI-based nursing equipment to China. He hopes to establish contact with Chinese hospitals, enterprises and consumers and is optimistic about the Chinese market.

Jorg Kop, managing director of UtrechtInc, a university-linked start-up incubator, said he hopes to further their cooperation network in China and help European start-ups enter the Chinese market.

Kop said China is crucial to the development of the world economy and Shanghai has economic vitality as well as fantastic ideas. He added that the Lin-gang special area of Pudong district in the municipality can be a convenient entrance for its start-ups to enter the Chinese market.

According to Zhai Jinguo, deputy director of the Science and Technology Commission of Shanghai Municipality, Shanghai will continue to establish an innovative incubation ecosystem, cultivate new quality productivity forces, and provide support and guarantee for scientific and technological innovation projects and teams in Shanghai.

China has more than 700,000 incubated enterprises and teams. The revenues of incubated enterprises have exceeded 1 trillion yuan (about 143 billion U.S. dollars).