Leading global incubator sets up innovation center in city

Leading Silicon Valley incubator Plug and Play recently launched its Guangdong-Hong Kong-Macao Greater Bay Area (GBA) International Innovation Center in Shenzhen. 

Silicon Valley incubator Plug and Play opens its GBA International Innovation Center in Luohu. Photos from WeChat account "罗湖发布"

Situated in Luohu District, the center will facilitate the implementation and transformation of global cutting-edge projects within the GBA and establish an international innovation-exchange platform.

Saeed Amidi, founder and CEO of global innovation platform Plug and Play, said that the company plans to open 10 new centers worldwide during a launch ceremony earlier this week.

“For many international companies, if they want to manufacture their products, Shenzhen is the right place. That’s why we are here,” said Amidi. He added that Shenzhen’s achievements are incredible and that his company is looking forward to further cooperation on boosting innovation.

“Shenzhen is not only our top choice but also a must in the GBA,” Xu Jieping, CEO of Plug and Play China, said. He said the company hopes to help Shenzhen, an innovation hub with a rich pool of innovative talent, establish a more international and forward-looking innovation ecosystem to link the GBA and the globe.

Saeed Amidi (C), founder and CEO of Plug and Play, engages in conversations with attendees during the opening ceremony of the company’s GBA Innovation Center in Luohu on April 15.

Officially established in Silicon Valley in 2006, Plug and Play successfully invested and incubated numerous internet giants including Google, PayPal, and Dropbox. After years of development, it currently owns more than 60 innovation ecosystem centers and offices worldwide.

In 2016, Plug and Play came to China. Headquartered in Beijing, the company is dedicated to leveraging its global resources and boosting innovation in the country.

So far, Plug and Play China has served nearly 100 leading enterprises in various sectors, incubated and accelerated more than 4,000 startups, and invested in more than 150 tech startups like ApplyBoard and AutoX in China.