InnoSpring Launches First U.S.-China Accelerator & Seed Fund, Backed By Kleiner Perkins & More

As research from the Startup Genome is beginning to show, the world has become a global entrepreneurial playing field, as cities from Tel Aviv to Santiago evolve into thriving startup ecosystems, becoming both regional and global engines of job creation. With such a large, increasingly internet-connected population, China, too, has become an important part of this conversation for web startups. (See TechCrunch Disrupt Beijing.) In spite of the huge market opportunities, however, historically it's been tricky for foreign technology businesses to gain significant traction inside the Eastern power. Today, a consortium of Chinese and American financial institutions are looking to change that by launching Silicon Valley's first U.S.-China tech accelerator, called InnoSpring. The new incubator officially opened its doors today, giving the world a sneak peek at its first batch of 12 startups, which will be making their home in the company's new 13,500 square-foot facility in Santa Clara, California.

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