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Silicon Valley incubator Plug & Play cooperates with WEDZ
source: hubei.gov.cn     2017-08-02

The leading Silicon Valley incubator Plug & Play (PNP) signed a deal with the business incubation center of Wuhan Economic & Technological Development Zone (WEDZ) to jointly build a cross-border incubation platform on July 31, 2017.

Xu Jieping, PNP's head in China, said the incubator chose WEDZ due to its rich resources in automobile industry. The PNP Incubator will help nurture startups in WEDZ by injecting over 1 billion yuan of industrial fund.

Plug & Play is a famous startup incubator in Silicon Valley. It has incubated and invested in more than 6000 startups since 1998, including star enterprises like Google, Paypal and Logitech. At present, 200 local startups have graduated from PNP technological incubators and accelerators in eight Chinese cities, namely, Beijing, Shanghai, Shenzhen, Hangzhou, Suzhou, Zhengzhou, Chongqing and Xi'an.

(hubei.gov.cn by Mao Huifang)

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