It’s no secret that China’s become an economic superpower –but what isn’t as widely known, is just how developed China’s startups and technology innovation really are.
China’s market is booming and there’s never been a more favorable time for foreign startups to engage with China. But the fact remains that tackling the Chinese market is incredibly difficult.
This 10-day “mini acceleration” program is designed to provide startups and entrepreneurs the initial tools, knowledge and network to assess if there is opportunity for their business in China
XNode of People‘s Republic of China and National IT Industry Promotion Agency of Republic of Korea (NIPA) and hereby witnesses below to follow and duly execute, and enters into agreement to foster ICT-Culture & Arts Convergence startups through mutual cooperation and interaction of both parties.
Both parties shall cooperate to expand interaction of ICT-Culture & Arts Convergence startups between China and Korea through information sharing, local market entry services, acceleration programs, and joint use of resources, infrastructure and promotions.
XNode founder Wei Zhou and startup program lead Jasper Gill signed MOU in Seoul, Korea. They shared the startup environment in China to NIPA and Korean startups, as well as participated in the selection of China acceleration program candidates.
The first batch of cross-border acceleration started in Shanghai in December 2018. XNode worked with the 2 selected Korean startups on their business model localization and business partner meetings, helping them fully embedded in the market and accelerating their entry to China.
LIVE K is the Korean Culture Convergence Contents Creator. With this many show contents combined with CT such as Motion Graphic, Media Facade and Hologram, you can enjoy a perfect Korean Media Art, Holographic Show and splendid Interactive Media Show & Exhibition.
Datakobold is a subculture contents technology enterprise. We are currently serving the web-based web comics editing application ‘Boolatoon’ (https://boolatoon.com), which aims to contribute to the creation of a sustainable creative environment and the development of the cultural industry.
Bob Wang, Innovation Program Director of XNode was invited to the ICT Demo Day in Korea as the ending of the acceleration program, and witnessed Live K winning the 2nd prize of the demo day!
As the director of NIPA Mini Acceleration Program, Bob mentioned, "Although it has been a tight 10-day acceleration in Shanghai for the Korean teams, all of us managed to maximize the local experience. Live K and Datakobold worked thoroughly on their business plan and pitching document for China. We brought them to potential partners including business connection, government entity and clients. This year is the 40th anniversary of China's reform and open up policy, and we firmly believe more and more foreign startups will aim for China, where new market, new clients and new opportunities are existing. Cross-border acceleration is a new thesis for XNode and we will leverage our strength to serve quality startups from home and abroad. "
NIPA devotes itself to reinforcing the competitiveness of the ICT industry and contributes to the economic growth through the efficient support and laying the groundwork for the industrial technology promotion.
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