Sunday, March 24, 2019

Chengdu vows to set up 100 AI companies by 2025



Jul 30, 2018 (China Knowledge) - An innovation center for Artificial Intelligence opened in Chengdu last week. Phase one of this center covers 2,000 sqm for incubator projects of AI. The center plans to introduce or incubate up to 100 AI startups by 2025.
As the first AI incubator in Chengdu, the center is located in Digital Intelligence park of Chengdu Science City. The center's goal is to introduce and or grow 10-15 AI startups annually with providing services such as developing business mode, securing first round of financing etc.
The center is established by Chengdu Technology Transfer (Group), Tianfu New District North American Innovation Center and other companies.
At present, the center has signed industrial cooperation agreements with well-known venture capital fund Fenox, investment fund Awesmventure, and Brazil's largest technology service platform Startse. In the next step, more domestic and foreign artificial intelligence enterprises will be promoted to settle down in the Tianfu Digital Valley Park, and the industrial concentration and industrial radiation of regional artificial intelligence will be continuously improved.

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