Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / China-Europe

    Program opens up China to UK startups

    By Angus McNeice?in London | China Daily Global | Updated: 2019-07-17 00:34
    Share
    Share - WeChat

    Chosen companies to receive crash course in how to enter business market

    Crayfish.io is an online marketplace operating under a similar model to that of global freelancing platform Upwork launched in Cambridge in 2017. [Photo/crayfish.io]

    A new business initiative in the United Kingdom will provide British tech startups with funding and training to help them break into China.

    Starting from September, the newly established Crayfish China Accelerator will select five promising UK startups from a list of applicants and give them each an initial cash injection of up to 100,000 pounds ($124,000) in return for equity.

    Cambridge-based business development platform Crayfish.io is coordinating the accelerator, and initial investment will come from the Birmingham-based UK-China Enterprise Fund, which is backed by the China Aviation Industrial Fund, a private equity fund from Shanghai.

    The startups will then go through a crash course on getting ready for the lucrative yet complex Chinese enterprise environment. Training will include business plan preparation, Chinese market insights, Mandarin tutoring, and introductory sessions on Chinese business culture. Each startup will eventually pitch to an audience of Chinese investors for the chance of further funding.

    "China can be a difficult market to crack and even more so for startups," said Crayfish.io Chief Executive Zhang Ting, "which is why the Crayfish China Accelerator program is significant — providing a crucial combination of money and hand-holding, a strategic Chinese investor to fund market entry, and all the necessary training, business expertise, and service delivery capabilities to facilitate it."

    Crayfish.io will initially select startups from the medical technology, advanced manufacturing, and new materials sectors. Prospective businesses also need to have an interest in doing business with China in a medium term of 18 months.

    The accelerator is also supported by the St John's Innovation Centre, an incubator for companies in what is known as the "Cambridge cluster", which is the area in and around the British university city, which has a high level of tech startups.

    "Over the years, I have seen many startups fail in their attempts to crack China, and the Crayfish China Accelerator is just the sort of support they need to facilitate their business there," said David Gill, managing director of St John's Innovation Centre.

    The funding and training cycles are expected to take six months in total, at which point the accelerator will begin again with five fresh startups. Crayfish.io believes this will be the first rolling initiative of its kind in the UK.

    Zhang, who is from southwest China's Sichuan province, graduated from Cambridge University's Judge Business School in 2000 before holding various roles in Chinese trade and investment.

    She launched Crayfish.io in Cambridge in 2017 as an online marketplace operating under a similar model to that of global freelancing platform Upwork. Users post projects on the site that require Chinese language skills, and bilingual freelancers with relevant qualifications respond with bids and proposals.

    The company now offers a range of other services, including translation, interpreting, market research, public relations, recruitment, and business logistics.

    Zhang said this latest initiative is designed to offer "a fast-track opportunity to China".

    "It's never been a better time to be delivering on exports as well as on inward investment – and our China Accelerator Program is a concrete way of doing this better with China," Zhang said.

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    无码毛片一区二区三区视频免费播放 | 色综合久久无码中文字幕| 自慰无码一区二区三区| 中文字幕有码无码AV| 日韩精品人妻系列无码专区| 天堂中文字幕在线| 国产中文在线观看| 日韩久久无码免费毛片软件| 国产网红无码精品视频| 亚洲国产精品无码成人片久久| 天堂网www中文天堂在线| 少妇中文字幕乱码亚洲影视| 人妻无码精品久久亚瑟影视| 久久精品国产亚洲AV无码娇色 | 无码乱肉视频免费大全合集| 人妻AV中文字幕一区二区三区| 蜜桃视频无码区在线观看| 精品欧洲AV无码一区二区男男| 亚洲AV无码专区电影在线观看 | 韩日美无码精品无码| 亚洲日韩中文字幕日韩在线| 亚洲制服中文字幕第一区| 亚洲国产a∨无码中文777| 中文精品久久久久人妻不卡 | 色婷婷综合久久久久中文一区二区 | 伊人久久精品无码av一区| 中文字幕亚洲综合久久菠萝蜜| 欧美中文在线视频| 中文字幕成人精品久久不卡| 中文字幕本一道先锋影音| 亚洲欧美日韩另类中文字幕组 | 亚洲中文字幕无码永久在线| 特级做A爰片毛片免费看无码| 五月婷婷在线中文字幕观看 | 无码人妻精品一区二区三区66 | 特级无码毛片免费视频尤物| 无码人妻久久一区二区三区免费丨| 无码精品久久久久久人妻中字| 人妻无码一区二区三区免费| 精品成在人线AV无码免费看| 办公室丝袜激情无码播放 |