TechCode seeks to accelerate unicorn growth in China with new platform

Beijing-based startup incubator TechCode has unveiled a new platform for accelerating the growth of unicorns (US$1bn valued startups) and potential unicorn enterprises, the Global Unicorn Center (GUC).

In its press release, TechCode said that the platform, which leverages the firm’s considerable experience in the incubation and acceleration of innovative and tech startups around the world, is designed to attract promising firms and existing unicorns to China.

It defined its target enterprises as those with: the most innovative value, transformative value and investment value.

The platform will assist companies through their growth journeys, from entering the Chinese market to launching IPOs on China’s stock exchanges.

SEE ALSO:

“Enterprises that intend to get listed on the science and technology innovation board in the coming 1-3 years are called high-growth enterprises by us,” said Luke Tang, Global CEO of TechCode, in the press release.

“In additional to funds, enterprises at this stage need services in many other aspects to realize business growth and rapidly meet the conditions for going public. 

“We initiate this unicorn center targeting such enterprises for providing them with soft services in engaging benchmark enterprises, attracting strategic and financial investors, recruiting talents, obtaining policy supports, etc."
 
Six enterprises fitting the bill are set to join the GUC from China, the US, Germany, France, Israel and South Korea, with their technologies including AI, IoT, Big Health and more.

Share

Featured Articles

Top 10 best-performing Australian companies: mines to banks

Among Australia’s largest companies by market cap are the country’s Big Four banks, a tech startup that successfully scaled, and two firms with female CEOs

Top 10 richest Southeast Asia: how they made their fortunes

From Singapore’s paint tycoon to Malaysia’s sugar king, we round up the 10 richest people in Southeast Asia – and investigate how they made their billions

Will moonlighting ever become accepted practice in India?

While not a new phenomenon, moonlighting has become a hot button issue across India with IT majors cracking down on it. Will the practice ever be accepted?

New YouTube CEO Neal Mohan joins surge of Indian-origin CEOs

Leadership & Strategy

Ex Infosys President Ravi Kumar is the CEO Cognizant needs

Leadership & Strategy

How India is bucking the global dealmaking downturn

Corporate Finance