British startups offered path to China
New collaboration to provide support to firms entering Chinese market
A new programme aiming to help British entrepreneurs enter the Chinese market has been launched by the Sussex Innovation Centre (SInC).
Business incubator SInC has struck an agreement with Chinese high-tech innovation centre Ningbo to offer small technology and knowledge-based firms the chance to trade in China.
A ‘virtual tenancy’ scheme will enable small businesses to gain help from both centres without having two full-time offices, giving them valuable access to finance in the UK and China.
The programme will also offer business and financial support to entrepreneurs, with SinC providing a network of bankers, accountants, lawyers, patent attorneys and other consultants, in both countries, to help the businesses expand.
China is the fastest-growing large economy in the world and its hoped that the collaboration will provide a sound platform for entrepreneurs to launch new products and services in the far-east country.
Mike Herd, executive director of SInC, welcomed the launch of the scheme.
“SInC is delighted to be the first innovation centre to offer this kind of international business support to UK companies.
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“The growth of any company is unpredictable. Out unique combination of national and international business support services, combined with intellectual property licensing and University research services, means that businesses are able to develop two or three years earlier than expected.
“Innovative products, services and ways of doing business are crucial for the UK in today’s global economy.
“Through the exporting of our intellectual property, we are ensuring that the UK is regarded as a research and development powerhouse, which is essential for the future of the UK economy,” he said.
To find out more about the scheme, go to www.sinc.co.uk