Techcode to build global innovative incubation system across 15 countries

Techcode SME Services Co Ltd, which specializes in helping internet startups, announced that in the next three years, the company would build the global innovative incubation system covering 40 makerspaces across 15 countries. By the end of 2017, the company will raise more than 10 billion yuan ($1.5 billion) with incubated projects valuing over 120 billion yuan.

Until June, Techcode has established 12 incubators in Beijing, Shanghai, Shenzhen, Silicon Valley, Tel Aviv, Seoul, Berlin and other cities worldwide, incubating 289 enterprises valuing 11.4 billion yuan after receiving 1.11 billion yuan investments.

The company's Beijing branch celebrated its one-year anniversary on Tuesday and announced its first year's achievement with 57 startups settled in. Among them, 30 startups raised 310 million yuan valued at 2.04 billion yuan.

The Beijing branch marks Techcode SME Services Co Ltd's second global core layout, advising startups on how to fund their global ambitions. Established less than six months, the Beijing center was granted national-level makerspace qualification by the Ministry of Science and Technology.

Zhang Kai, general manager of Techcode Beijing, said that the branch won five government granted qualification and three special financial supports, with a total number of 69 intellectual property rights by settled enterprises.

The company focuses on incubator operations management and the dynamic growth of technological startups. Among them, many firms' Research & Development projects attract attention at home and abroad, including the liquid metal printer developed by Technical Institute of Physics and Chemistry CAS, Tsinghua University and other technology forces jointly.

Techcode created an incubation-acceleration-industrialization-commercialization chain, relying on 40 global industrial towns set up by its partner China Fortune Land Development Co Ltd, a developer and operator of industrial zones. The company provides startups a wide range of supports from its first step to every step until the final process.

"Techcode Beijing branch successfully incubated several innovative startups in Beijing and then boost them in Hebei Province. It played a significant role in promoting the development of the Beijing-Tianjin-Hebei region." said Zhang Tao, deputy director at Administrative Committee of Zhongguancun Haidian Science Park.

Sun Qixin from the incubator management office of the Ministry of Science and Technology said that in 2015 incubators nationwide reached 2500, and in the future the office would propose policies to ensure makerspaces attain the same support as the incubators.