The next stop on our technological journey to China is to explore the country’s innovation ecosystem. Here we will not touch on the topic of venture capital investments, as we discussed it in the previous article. However, we will find out the exact number of unicorns in China, their main habitats and study the activities of the Chinese government in the development of innovations.
MoreLearn more about the finalists.
Participants were categorized into four nominations:
- Travel Tech – 53%
- Infrastructure Track – 17%
- Social Tech – 20%
- Sustainability – 10%
A total of 511 applications were received from 47 countries and 189 cities. The largest number of applications came from Russia, Great Britain, Malaysia, the USA, Poland, France, India, Israel, Spain, Italy, and Estonia.
The companies were divided according to the stages of development as follows: 26% – at the Idea stage, 23% identified themselves as Startup, 17% are at the Pre-seed stage, 15% – at the Seed stage, 13% of applications came from companies at the stage of growth and scaling (Growth).
21% of the teams are residents of accelerators or business incubators, 68% have their first sales.
GoTech Innovation was an operator of applications and acceleration program.
From June 9 to June 25, the best startups will undergo an online acceleration program, at the end of which the winners of the program, as well as special prize winners of partners of Kaspersky Exploring Russia tourism accelerator – Amadeus and Propeller Shannon, will be selected and announced on Demo Day.
Demo Day will be held online on June 25.