China has put innovation high on its political agenda and the Suzhou Industrial Park (SIP) has drawn thousands of start-ups. But that makes it not yet a Silicon Valley, warns venture capitalist William Bao Bean with Singtel Innov8 in Marketplace.
Marketplace:
But SIP still has some way to go before it can rival Silicon Valley, according to William Bao Bean, a venture capitalist with Singtel Innov8 in Shanghai.
“You need to attract talent and create a culture, it’s not the easiest thing in the world,” says Bean. “The government can do a lot and Suzhou has done the obvious things, but it’s the software, the people side, that is important and it still has a way to go there. Building up a Silicon Valley is a step-by-step long term thing.”
William Bao Bean is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.
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