Company of the Month September 22, 2014
Company of the Month July | YPBase | Yangpu Venture
In 2006, Yangpu Venture Co. Ltd established a business co-op agreement with YES!Delft Incubator, resulting in the establishment of Dutch companies in Shanghai (e.g. Parcel International) as well as the establishment of Chinese companies at Yes!Delft (e.g. License Software). In 2014, the WFIA assisted the Shanghai Yangpu Technology Business Incubator with the establishment of a new subsidiary in the Netherlands: YPBase Europe B.V. Located in the center of The Hague, their new office will function as their European Headquarters serving their European market.
History of Yangu Venture
The Shanghai YangPu High-tech Innovation Service Center (see picture below), supported by the Shanghai Municipal S&T Commission and the YangPu district government, is a service institution with the purpose of high-tech business development and cultivation of high-tech enterprises.
The center was established in 1997 upon the instruction given by the Municipal Committee to explore cooperative business opportunities abroad and has been well developed throughout the years. In cooperation with Fudan University, a purchased industrial enterprise near the university was rebuilt with investments of the Municipal Science and Technology Commission of Science and the Technology Innovation Center City in order to accommodate these plans.
Surrounded by 15 universities and over 100 S&T research institutes, the service center is the first high-tech incubation center established near universities and has already incubated over 300 SMEs (small and medium-size enterprises).
By supplying business registration, application for S&T items, finance and investment service, agency support, training and information services for SMEs, the service center creates excellent environment for SMEs and enhances the rate of SMEs’ survival and success. The service center successively won the honor of National High-tech Innovation Service Center, Shanghai Municipal Civil Enterprises, National Advanced Service Unit within National S&T Management System, and National Advanced High-tech Innovation Service Center.
Shanghai International Business Incubator (SHIBI) regards the service center as its innovation branch. The Shanghai YangPu High-tech Innovation Service Center has developed into a well-known high-tech innovation center worldwide.
In 2009, The Yangpu Innovation Center completed the first “Enterprise Accelerator Incubator” established by the incubator in China. It also established the first small loan company mainly sponsored by the incubator that year. In 2010, it established a venture investment fund participated by the guidance investment fund of the Ministry of Science, thereby becoming the first incubator having both loan business and investment business. By setting up an innovation service system based on the core formula of “Business Mentor + Venture Investment + Professional Incubator”, it has created a new nationonal development mode of incubation, known as “Yangpu mode.”
Why invest in Westholland?
“We are very happy with our establishment in the WestHolland area, because of the international allure of the region. The Hague has an amazing infrastructural layout and accommodates many international organizations. Moreover, the quality of life for expats here is great! The assistance of the WFIA was very useful, saving us a lot of time and effort to get in contact with the right parties. We hope to keep a close relationship with you in the future!”