Centre of innovation and entrepreneurship
China is making significant investments in innovation – and Shanghai is being positioned as a centre for technology, innovation and entrepreneurship. Shanghai’s well-established innovation ecosystem includes extensive venture capital networks, a sophisticated financial services industry and a global legal and business advisory support system. Australian startups can tap into the city’s entrepreneur, industry and capital networks to accelerate their business development.
Research and development hub
Expenditure on research and development in Shanghai topped US$13 billion in 2014, or some 3.6 per cent of GDP. Shanghai is the regional headquarters for 525 multinational corporations (MNCs) and houses a quarter of the R&D centres set up by MNCs in China. This global setting has attracted a strong community of Chinese and international technology companies and startups.
XNode: A bridge to China and the world
The Shanghai Landing Pad is located at coworking space XNode. XNode strives to be the bridge between China and the rest of the world by bringing together the top local and China based international startups into one community. Through its Xelerator program, XNode grows fledgling companies into successful, scalable, and sustainable businesses while simultaneously working with fully developed corporate companies to foster innovation within their organisations. XNode has a strong focus on tech, investor pitch training, demo days, and mentorship from some of China’s top business minds.
Gateway to China’s innovation ecosystem
The Shanghai Landing Pad is a gateway to China’s dynamic and growing innovation ecosystem, and will enable Australian startups access to a broader network including leading innovation hubs such as Shenzhen and Beijing.
Chinese investors are actively looking for technology investment opportunities and strategic alliances with international companies.
Positioning Australian startups in China will create immediate opportunities to accelerate their business development. China’s increasing centrality to the global economy also presents exceptional opportunities for Australian entrepreneurs aiming for global scale and impact.