Why Should You Apply for the Program?
China is one of the fastest growing economies on the planet with strong industrial capabilities and a massive market. Read more here. However, with a fragmented business ecosystem and drastically different consumer expectations businesses often need to undergo dramatic changes to their business and operating model to be successful. As a result, companies that lack the on-the-ground knowledge of the market consistently find it quite challenging when establishing a presence here. This program is designed to help entrants such as yourself to be better equipped with the knowledge and network to get your scaleup up and running as fast as possible.
What Does XNode's Market Entry Scale-up Acceleration Program Provide?
An 8-week immersive program that will help you to build a China business plan and financial model that articulates the vision, opportunity, execution plan and required resources to go to market for your business. Furthermore, due to the fact that scaleups typically have different goals they need to achieve during their first steps into the market, we have structured the program to allow participating to teams to choose a path that to focus on during the program: sales, investment or looking for a Chinese partner.
Other perks include:
Who Should Apply? What is the Selection Criteria?
We’re looking for SCALEUPS, this is not a program for early stage startups. Good candidates for the program have the following characteristics:
Do I need to apply for a work visa for the program?
No, it is unlikely that you can get a proper working (Z) visa at this stage. For now, a Business (M) Visa should be sufficient for the program duration. If selected to the program our team can help with visa’s including letters of invitation.
Do I need to register my business in China before the program?
No, in fact we don’t suggest you think too much about it until you’ve committed to the market for the long haul since the process can take as long as 3-6 months to complete. Additionally, there a few different options and approaches for accomplishing this that are relatively important for your business. As such, we’ll actually cover these questions in the early stages of the program to help make the best choice for your unique business situationgraph text here.
Does a founder have to be in Shanghai throughout the whole duration of the program?
Yes, for the most part. Due to the pace and intensity of the program major strategic decisions may need to be made quite quickly. This requires someone with a certain degree of autonomy to be on the ground for the program to achieve the desired results. There is a bit more flexibility with scheduling towards the end of the program but generally speaking you will need to be committed for the majority of the time.