Friday, March 22, 2019

Start Up Business In Chengdu China,Brief Introduction To Makerspaces in Chengdu

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According to Chengdu Tianfu Entrepreneurship Action Plan, Chengdu will vigorously develop hi-tech incubator pflatforms including makerspaces.
Here are the most active makerspaces in Chengdu:
Jingrong Start-up Hub
Jinrong Start-up Hub is one of the major maker spaces in Chengdu Hi-tech Industrial Development Zone, with the Sino-Korea Innovation and Startup Park as its core part. Covering an area of nearly 63,334 square meters, it focuses on industries involving mobile Internet, cloud computing, big data, 3D printing and Internet+.
Address: 5th Tianfu Street, Hi-tech Zone
Tel: 028-85313333
Tianfu Software Park Start-up Center
Founded in September 2007, the Tianfu Software Park Start-up Center, as an innovative mobile Internet incubator, has a well-established system featuring startup nursery - incubator - accelerator - industrial park. It focuses on the fields of mobile Internet application, mobile gaming, Internet finance, mobile electronic commerce, and hardware innovation (smart wearable technology and smart home). It offers policy support, office space, training programs and venture investment to entrepreneurial teams.
So far, the center has incubated tap4fun, Camera360, Testbird, Codoon and other leading mobile Internet products. It frequently launches meetups for startups in its Idea Cafe.
Address: Zone D, Tianfu Software Park
Tel: 028-86031523
Tianfu Jingrong Center
Located in Chengdu Tianfu New Area, the Tianfu Jingrong Center covers 1,160,000 square meters and specializes primarily in IT, intelligent manufacturing and hi-tech service industries. Consisting of 3 zones, Zone A is centered on high technology, finance and Internet technology.
Address:Xinglong Street, Tianfu New Area
Work+
Located in Thinkzone in Chengdu Hi-tech Zone, Work+ is one of the major coworking incubators in southwest China. With an area of nearly 8,000 square meters, the open co-working space with 852 cubes is equipped with supreme facilities like roadshow hall, multimedia video room, hardware lab, dining hall, cafe and those for specialized incubators and domestic venture capital.
As an entrepreneurship platform, Work+ provides entrepreneurs with services invovling administration, accounting, policies and laws, human resources, and fund application.
Address: Building 10, Thinkzone, 339 Fucheng Avenue, Hi-tech Zone
Tel: 028-83586582
Next
Located in Tianfu Software Park, Next covers nearly 1,500 square meters and offers over 200 cubes. As a co-working space, it focuses on mobile gaming, medical treatment and other areas involving the Internet.
Address: Zone E, Tianfu Software Park
Hi-Office
Hi-Office is the first national co-working makerspace in the country recognized by the Torch High Technology Industry Development Center. It is aimed at offering standard co-working space to small and micro businesses and startups.
Address: 3/F Building A, International Energy Saving Building, 89 Cuihua Road, Hi-tech Zone
Tel: 400-900-9088
Perfect Cafe
Perfect Cafe is developing very fast. Since 2015, it has set up incubators in many places in Chengdu, providing entrepreneurs with flexible services.
Address: 3/F, building A9, zone A, Tianfu Software Park
Suhehui
Suhehui is an active angel investment institution and a hi-tech incubator. It invests RMB200,000 - 3,000,000 in every start-up and offers it relevant services.
Address: 13/F Haitang Center, 2039 South Tianfu Avenue, Hi-tech Zone
Tel: 021-62565121
E Makerspace
E Makerspace consists of three spaces, each covering 22,000 square meters. It provides startups with strong technological support, investment and financing services in the Internet + areas.
Address: Chengdu Research Institute of University of Electronic Science and Technology of China, Yingbin Avenue, Tianfu New Area
Xietongyucheng Center, University of Electronic Science and Technology of China
2039 Hitang Center, Tainfu Avenue South
Gameworks
Covering 5,000 square meters, Gameworks is aimed at helping startup teams launch their projects and grow quickly, assisting them in attracting investment, improving their R & D ability, quality control and product marketing. It offers servies involving the whole mobile industry chain. It focuses on development and application of mobile games.
Address: 4-5/F, block 1, building 6, Zone E, Tianfu Software Park, Hi-tech Zone
Jingrong Town
Located in Deyuan Town, Pixian County, the town is a state-level model for innovation and entrepreneurship. Up to now, covering 400,000 square meters, it has brought in 30 incubators, 1,098 projects and around 10,000 talents. Currently, the town is focusing on the industries of big data, intelligent manufacturing (UAV and robot), Internet+, biomedicine and VR & AR.
Address: Deyuan Town, Pixian County
Tel: 028-87829902
Optics Valley Startup Cafe
Optics Valley Startup Cafe was co-invested by Lei Jun, Chairman of Xiaomi Technology,and Li Ruxiong, Chairman of Optics Valley Software. It focuses on venture capital investment, innovative incubation, entrepreneurship training and angel investment. By now, it has opened 5 branches in the Tianfu New Area, Hi-tech Zone, Jinniu and Qingyang districts, as well as Pixian County.
Address:66 Dayu Road East, Deyuan Town, Pixian County
Tel: 021-62565121
MZQ Innovation and Entrepreneurship Area
The Area was open in last October, and is operated with a "market-oriented+ government support" mode. Covering Sichuan University, Chinese Academies of Sciences Chengdu Branch, and Sichuan Conservatory of Music, the Area offers free office space, financing, and training and mentoring to entrepreneurs and innovators.
Address: Moziqiao, Wuhou District
Number 8 Platform·Chengdu Youth Entrepreneurship Salon
The platform is geared to help university students to realize their entrepreneurial dreams. Focusing on incubation of projects, it holds regular financing events and entrepreneurship meetups for startups.
Address: East Zone, 3/F, Block A, 8 Lingshiguan Road, Wuhou District
Tel: 028-862032821
Thinkzone
Located in the Chengdu Hi-tech Industrial Development Zone, Thinkzone was recognized as the first state-level private hi-tech business incubator by the Ministry of Science and Technology of China. To date, it has incubated over 1,000 hi-tech companies with an annual production value totaling RMB3 billion, among which 5 have gone public. In 2015, the Rongchuang Teahouse inside the zone became a national makerspace.
Address: 399 West Section, Fucheng Avenue, Gaoxin District
Chengdu Media Group Eastern Suburb Memory · Internet Creative Industry Zone
This is the first Internet creative industry zone built by a media group in China. With beautiful environment and full of artistic atmosphere, it focuses on offering services to leading Internet companies, fast-growing companies, and business incubators (innovation centers).
Address: 4 Middle Section, Jianshe Road South, Chenghua District
Chengchuang Space
Covering 1,800 square meters, Chengchuang Space was established by Chengdu University of Information Technology. It is dedicated to developing the areas involving new-generation IT technology, the Internet, big data, new materials, new energy and modern service.
Address: Chengdu University of Information Technology 24 Section 1, Xuefu Road
SWJTU Makerspace
The SWJTU Makerspace is the first university makerspace in western China. It focuses on the industries regarding mechanical and electrical information, robotics, the Internet of Things, intelligent hardware, artificial intelligence and energy conservation.
Address: 4/F, block C, 144 Jiaoda Road, Jinniu District
Tel: 028-87601498
Smart City centering on Southwest Jiaotong University
Co-established by Jingniu District and Southwest Jiaotong University, the City, with the strong support of many scientific academies, a complete industrial chain and the National Laboratory for Rail Transportation, a world leading R & D center, is dedicated to rail transportation R & D and design.
Address: 2nd Ring Road (northwest of the city center)
University and Belt InitiativeThe Chengdu Hi-tech Zone government and University of Electronic Science and Technology of China co-launched the "University and Belt" Initiative, to build a space for commercialization of technological achievements made by universities and colleges and establish a platform for start-ups focusing on the "Internet + innovation."
Address: University of Electronic Science and Technology (Qingshuihe Campus) and surrounding areas
Mingtang Youth Cultural Creative Centre
Covering 3,000 square meters, Mingtang Youth Cultural Creative Centre focuses on the operation of small and micro teams and projects centering on culture and creative industries.
Address: 55 Kuixinglou Street, Qingyang District
Chengdu Makerfun
Chengdu Maker fun serves primarily local entrepreneurs and those from other parts in southwest China. It focuses on the R & D of open source hardware, intelligent hardware, artificial intelligence and additive manufacturing.
Address: Block 6, zone D, 30 Western Intelligence Valley, 30 3rd Wuxing Road, Wuhou District
Tel: 028-85586651

To facilitate people who want to invest and start up business in Chengdu, here is an introduction of Types of business presence in China: 

Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise(WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.

Wholly Foreign OwnedEnterprise (WFOE) is a Limited liability company wholly owned by the foreign investor. WFOE requires no registered capital and it's liability of equity , can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE.

Representative Office (RO) is aLiaison Office of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China.

Joint Venture (JV) is a Limitedliability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc.

Since March 1, 2010: Measures of Establishment of Foreign Invested Partnership Enterprises (FIPE) in Chinaistaking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and rest cities of China

Hong Kong Company usually been used as a Special Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (Mainland China and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China.

After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China. At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China.

Business set-up in Chengdu is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls . Tommy China Business Consulting has direct connections in the local government

Since 2006, TCBC has been focusing on consulting services for our clients to invest in Chengdu China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business, negotiate and draft various legal documents provide legal advice, negotiate government officer for Land acquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Chengdu China, drafting privacy policies and structuring commercial transactions

TCBC will manage all aspects of incorporation to get you a business license in Chengdu China. We offer a range of company formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE )
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)



Contact Tom Lee for business start-ups consulting in Chengdu now.

1 comment:

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