Startupbootcamp China
We at Startupbootcamp China run an industry focused program in each of the cities. For example, in Chengdu China, we run a digital health program, so when we are looking at the startups that are applying for our program around the world we are looking at different factors that really matter to us.
First, we look at the core members of the team, their background, as well as their work and experience in the industry, matters a lot.
Second, since we are based in China, our value proposition is to help the international startups who are interested in coming into the Chinese market to scale your business then you need to show me that your product or business solutions are good for the Chinese market and you are really interested in the Chinese market.
Third, is that we can see the core tech in your product that also feeds our vertical in a program we are running.
Our History
During the first program we ran in China, we had our 13 startups exposed to over 200 angels or VCs in China in different cities. This was for during the program and after the program. VCs have the capital and we as an accelerator provide services that help the startups, especially international startups, to start their business and scale up their business in China. So capital as service and service as capital, we work very closely on that. However of course not EVERY VC suites the program or suits the startup we are working with. It is a lot of work to select who would be the best VC to work with a specific startup.
Startupbootcamp is a corporate innovation-driven program.
Startupbootcamp is a corporate innovation-driven program.Globally we are working with corporates like Cisco, Intell, Amazon, that provides free or discounted service packages to the startups in our program. In each of the vertical program in different cities, we worked with corporates in the industry very closely from the very beginning of the program. So the corporates came to join us either as a sponsor of the program or an LP of a program. So we do identify the needs with corporates. As well as source the startups from around the world. Then select the best fit for them. The program will be from 3-4 months. In between the 3-4 months, the representatives from the corporates work very closely with our startups. It is no secret that the collaboration between startups and corporations are key to the success of both parties.
Startups vs. Corporations
These are two different worlds the startups and the corporations. For example, the corporates are very good at the resources, users, distribution channels, and R&D facilities. However, the mind and the skill set, as well as the passion, are not in a corporate’s DNA. They have a hard time searching for new solutions or new business models. Startups, on the other hand, have a very rich mindset, skill, and passion for creating new business models. So from the very beginning, Startupbootcamp programs worked with corporates very closely for that. As a matter of fact, beginning of this year we published an article called “Collaborate to Innovate”. It is an article based on a survey we ran on over 300 startups and corporates that we’ve worked within the past few years. What the article showed were the tips and mistakes made from startups and corporates experiences working together.
