Businessweek reporter John Tozzi wrote an excellent Businessweek article called “China’s Next Export: Venture Capital” about InnoSpring, based on his time here earlier this month. Here’s an excerpt:
“In April, Empower Micro Systems became one of the first tenants of InnoSpring, a new startup incubator in Santa Clara, Calif., backed largely by Chinese investors. Less than two weeks after Empower’s move-in date, InnoSpring helped the young company—which develops technology that converts electricity between AC and DC—set up meetings with 22 China-based venture capital firms in preparation for a trip to Shanghai in May. ‘To have that network working on our behalf is priceless,’ says Jon Bonanno, Empower’s president.”
Read the full Businessweek article here.