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An explosion of nanotech venture companies in Suzhou, China.
November 6th, 2012
A Nanotech Venture Paradise?
We mention the city Suzhou in China quite often. There is something interesting going on Suzhou.
We are always surprised when we visit Suzhou, because there are always new nanotech companies starting up every month. It is such a dynamic environment, with over 200 nanotech start-ups. It is just crazy. It seems the norm for professors from research institutes and universities to also have their spin-off nanotech venture company on the side.
Of course, as with anywhere, you will expect the failure rate of ventures to be high down the road, and when it seems everyone is doing a start-up you may question how solid are their business propositions. However, just have such a dynamic environment is quite impressive, and rare to find anywhere on the globe.
Somehow they have created a flexible, business-like, pragmatic environment with support from government incentives, venture capitalists as well as strategic investors.
Many of these Chinese start-ups have:
• Unique technology
• A principal with experience overseas but who has returned to China
• Unique ideas for their business
• Focus on domestic China market
• Many even designing their own equipment to realize their unique products.
You might sense overbuilding around the city especially when you see some office towers mostly empty. Conversely, we note that buildings housing venture incubators, companies ramping-up and research facilities, are jammed full and are being expanded.
As I said, it always surprises us.
You can download a free report on Suzhou's Nanotech capabilities .
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- Dr. Mark Foley, Senior Consultant, Japan