China’s Torch Program – the glow that can light the world (Part 2 of 5)
Steve Blank
APRIL 11, 2013
These incubators are mostly clustered in the eastern coastal regions, and disproportionately target TMT (Technology Media and Telecom) and Biotech. Set up in 1999, Innofund offers grants ($150 – $250K), loan interest subsidies and equity investment. Seed Funding (Innofund). The best analog for China’s InnoFund is the U.S.
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