HYSTA (Hua Yuan Science and Technology Association), a leading Chinese professional association in Silicon Valley, just finished its first batch of 2012 China Discovery trips in early July. The purpose of this trip was to explore the incubator facilities and business opportunities, and prepare the entrepreneurs by meeting with local government, venture capitalists and potential business partners. Elaborately planned, HYSTA chose four fast-developing cities as destinations for this trip: Shenzhen, Hong Kong, Suzhou and Shanghai. In fact, it is the first time that a HYSTA delegation visited Shenzhen and Hong Kong Cyberport.
HYSTA sent 21 delegates to attend this influential China discover trip. All of them were selected professionals, executives and start-up entrepreneurs from different industries: Medical, Bio-Tech, education, software, LED and energy efficiency. This group was led by HYSTA's Executive Director Leslie Yuan and China program director Yiyi Zeng.
This group gathered in Shenzhen on July 4th, sponsored by the Research Institute of Tsinghua University in Shenzhen. That evening, Professor Feng Guanping, also a seasoned Angel investor, hosted the group for dinner and shared insights of start-ups. On subsequent days, the delegates visited the Service Center of Shenzhen High-Tech Industrial Park, Research Institute of Tsinghua University in Shenzhen, communicated with representatives of local government, incubation management and investment, and toured public company DAS Intellitech (specializing in energy efficiency) and Hong Kong Polytechnic University, Shenzhen campus. The spirit of innovation and achievement of those Shenzheners impressed entrepreneurs from Silicon Valley.
The one-day trip to Hong Kong Cyberport on July 6th was intense and productive. Due to a wide range of talks and presentation about Cyberport and the city, in particular, the legal presentation by Lester Huang, Justice of Peace and former Chairman of the Hong Kong Law Society, the delegates found Hong Kong to be an ideal gateway to do business in China and Asian-Pacific region. The group also enjoyed the modern incubator facility, incubatee sharing session, and various networking opportunities throughout the day. A boat ride to Lamma Island with seafood dinner, hosted by Cyberport, added the charming ambiance of Hong Kong to the overall visit.
Starting on July 8th, the group attended the Venture Week for International Elites in Suzhou for three days. HYSTA has a long and successful history collaborating with Suzhou International Science Park (SISPARK), a pioneer and well-developed national incubator with one-stop and in-depth services. A couple of former HYSTA members and other entrepreneurs who have successfully launched their start-ups at SISPARK shared their stories with the HYSTA delegation and hundreds of other international elites. The group also toured the SISPARK facility, learned about the supporting program and policies, and met with over 60 Venture Capitalists such as Sequoia and Zhenfund, to name just a few.
Last but not least, HYSTA delegation arrived at Shanghai Yangpu on July 10th and visited several local facilities, including Overseas Talents Innovation & Entrepreneurship Service Center, and the Shanghai Knowledge & Innovation Community. The group also presented to and communicated with investors like IDG, Newsion, and Entrepreneurship Foundation at ICamp, and attended several pitch demo events. Finally, the instructive and advanced Legend Stars CEO training by Legend Holdings concluded the 9-day HYSTA China Discovery Trip.
This trip gave entrepreneurs lots of exposure to the China market, with the close contact with the Chinese government, investors and local entrepreneurs. The delegates attained a great awareness of how the China market works. While on the trip, a couple of members were able to secure phase A investment and government seed funding, and more have selected desired facility to land in China later.