Silicon Valley's first Sino-American incubator — also known as InnoSpring — has officially been launched.
The Santa Clara-based facility is expected to benefit startups looking to expand into the Chinese and U.S. markets.
The incubator comes as a result of collaboration between Beijing-based university science park developer Tsinghua University Science Park, Chinese property development and construction firm Shui On Group, China-focused venture capital firm Northern Light Venture Capital , which has an office in Menlo Park, and Santa Clara-based Silicon Valley Bank (NASDAQ:SIVB).
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