JD Capital Cooperates with Plug & Play and Jointly Build an Innovation Accelerator in Chongqing
Recently, JD Capital, together with the government of Yubei District, Chongqing Municipality and Plug & Play (P&P), the well-known US incubator in Silicon Valley, signed an agreement on strategic cooperation to forge an ecosystem for innovation and start-ups. Guests attending the signing ceremony were Huang Qifan, Mayor of Chongqing, Mu Huaping, Party Secretary of Yubei District, Saeed Amidi, founder of P&P, and Kang Qingshan, partner of JD Capital.
Plug & Play, a world-renowned incubator, has incubated several heavyweight high-tech companies, including GOOGLE and PAYPAL. In this cooperation, JD Capital, Chongqing Municipal Government and Plug & Play will give full play to their advantages, massing elite groups and gathering regional and international resources, to build up a flagship incubator for strategic emerging industries in Xiantao Data Valley, Yubei District, forging a collaborative innovation accelerator.
According to the agreement reached by the three parties, the incubator will incubate and invest in high-tech enterprises home and abroad, and develop cooperation in incubator operation, startup investment, overseas projects introduction, and domestic TMT projects (telecommunications, media and technology). Furthermore, they will share resources and conduct business collaborations in fields of international training and professional public service platform.
Gathering innovations home and abroad
This year, the State Council declared that a 40-billion-yuan national fund has been set up to guide start-up investment for emerging industries in support of innovative enterprises. As China encourages “entrepreneurship and innovation by all”, innovative and start-up enterprises are embracing a golden time for development.
JD Capital devotes to various fields including the emerging industry. Its TMT investment team boasts abundant experiences in industrial investment and accumulated industrial know-how. In the future, it will continue to focus on investment in fields of Internet, mobile internet and information technology, aiming at enterprises undergoing a rapid growth period, and will support outstanding enterprises, helping them with consolidations and M&A of industries and industrial chains. In this multilateral cooperation, regional demonstration and gathering effects will get promoted and developed, and innovative and start-up enterprises will grow rapidly and become industrially mature with the quality overseas resources, techniques and experiences.