Orange Fab startups participated in the Orange Fab China Tour organized by Orange Sourcing Consulting from September 17th to 21st. The tour visited Beijing, Shanghai, Shenzhen, and Hong Kong to learn Chinese startup ecosystem and to prepare their China entry in the future.
The below startups joined in the tour.
- Orange Fab Asia in Tokyo: ABEJA, Capy, Scentee
- Orange Fab Asia in Seoul: Innoplaylab, Mangoslab
- Orange Fab Asia in Taipei: Diabnext, Chelpis
- Orange Fab Senegal: ElokSolutions
At the first day, we learned about overview and history of China as well as its digital landscape by the team of Orange Sourcing Consulting. Basic Chinese and Chinese calligraphy class were also provided. After the sessions, we visited Houhai Park to enjoy traditional environment of Beijing followed by nice dinner.
We visited Innoway, incubation center complex in Beijing in the morning. The 8 startups pitched to the VC guests followed by networking with them.
In the afternoon, the tour divided into two groups. One group visited accelerators and co-working spaces including Tsinghua SEM X-elerator and 36kr Space, both of which are located in Innoway, and Plug and Play to learn about their program and particularly how they receive foreign startups. Another group visited iSoftstone, a system integrator to seek partnership opportunities. After the visits, we flew to Shanghai.
Zhangjiang Hi-Tech Park is the place we visited first in Shanghai. Kungfu Startups welcomed us to explain how they support startups. The accelerator is run by an IoT network startup, Sensoro jointly with Microsoft. Several accelerators and incubators are located in the same building. Among them, we also visited Alibaba Accelerator and ZJ Venture Studio.
After a lunch, we moved to Pudong International Talent City, where the 8 startups pitched to the local VCs of 5 minutes presentation followed by 5 minutes Q&A. All of the startups received valuable advice from the guests in the meetup after the presentations.
The next destination of the tour is Shenzhen. We went to Shenzhen Valley Ventures, where we saw a lot of machines to manufacture and test hardware products.
3 startups had a meeting with a corporate partner while others visited WeYoung Accelerator and Particle X located in Nanshan District, where many tech companies and VCs have offices. The two accelerators look fancy and build a great atmosphere for startups.
The tour visited Tencent Headquarter in the afternoon, where we saw a great office with a many sports facilities such as a basketball court and rock climbing wall.
We walked to Tencent Accelerator where the 8 startups did the final pitch in the tour to the VC guests followed by networking.
The last day of the tour started by visiting Galaxy Bowen Institute, an incubation center run by a large corporation, Galaxy Group. We visited WeNext, an accerator and FiFish, a startup developing underwater drone in the center. The startups also had a meeting with Oppo, a Chinese mobile device maker.
We crossed a border to enter Hong Kong, The first visit is for CyberPort Accelerator.
And then, we moved to Ucommune, one of the largest co-working space providers in the world, where we learned how to launch a company in Hong Kong.
We wrapped up the whole tour in the space. Thanks to the perfect operation with great hospitality by Orange Sourcing Consulting team, the startups managed to get fruitful insight about how to enter Chinese market and to build relation with various key persons in China. We hope all of the startups who participated in the tour will launch their business in China in the near future taking advantage of the opportunity.