Venture Gurukool, an early stage investors and incubator, has launched the 2nd Startup investment roadshow in September, 2018 in collaboration with the Indian Embassy in Beijing, Invest India as well as Innoway, which is backed by the Beijing and Haidian district to promote cross border innovation in China. This roadshow will showcase promising Indian ventures to investors in Beijing and Shanghai over 4 days in September.
The first startup investment roadshow showcased 15 Indian startups to more than 170+ investors in Beijing last year. Consequently, 4 ventures received funding from China.
Last year's edition saw participation from prominent VC funds and strategic players including Alibaba, Ant financial, Xiaomi, Tencent, Baidu, TAL education, Toutiao, JD.com etc. and was supported by Invest India (Govt of India's Investment Promotion Agency); Embassy of India, Beijing; KPMG; Khaitan & Co and some of the leading players in China such as Innoway (Govt Backed Startup Investor and Incubator), China Venture Capital and Private Equity Association and many more.
Furthermore, Venture Gurukool and Innoway have also signed a strategic cooperation agreement to promote innovation and entrepreneurship in the Indo-China venture capital ecosystem. This is in line with Venture Gurukool’s vision of facilitating cross border exchange between India and China, Helping Indian startups with access to growth capital from China as well as Chinese experience, knowhow & technology.
Innoway, created by Beijing and Haidian District, has emerged into China’s leading hi-tech landmark of startup culture and innovation. With their strong governmental and international ties, additional to its prime location in Zhongguancun, Innoway acts as an innovation exchange platform between global and local Startups, corporations, institutions and Universities alike.
Since June 2014, Innoway has incubated over 1,900 Startups, with more than 222 international ventures. 743 Startups successfully received investments, accounting more than $1.4 Billion. They have a solid track record in supporting Fortune 500 and multinational corporations, like Intel, Haier, or Baidu with their innovation needs. It’s located in Beijing’s tech-heavy Zhongguancun neighborhood, itself known for housing Baidu, Tencent, and other Chinese internet companies since the early 2000s.
Chinese premier Li Keqiang has also visited Innoway personally, a symbolic nod of approval from the nation’s highest authorities.
Through Venture Gurukool, Innoway will help Indian ventures seeking to raise funds from China as well as use its influence to help startups in expansion into Chinese mainland. Some of the benefits of this partnership include: access to state of the art technology support to startups; access to mentorship from successful Chinese entrepreneurs; explore opportunities in china for business expansion; and, access to Chinese investors and Chinese Internet giants.