Park supports dreams of young pioneers

Updated: 2015-08-29 04:28

(China Daily)

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Park supports dreams of young pioneers

Wang Xiangwei, CEO of Xinhebot, with his newly-developed service robot at the Entreprenuership Center of Haidian Overseas Students Pioneer Park in Beijing. YAN DONGJIE / CHINA DAILY

Robot enthusiast Wang Xiangwei was busy upgrading his service robot in a room at Haidian Overseas Students Pioneer Park in Beijing, the biggest business incubator in China, and could not contain his excitement.

Wang, the CEO of Xinhebot, was pleased that the robots are soon to be put in production and appear in homes helping people with their daily chores.

Though the company is front and center in developing service robots — it has more than 10 pending patents — it’s still grappling with its startup phase.

“We didn’t even have our own office,” said Ning Yi, chief operating officer, who recalled the days when they started the company two years ago in a rented apartment with no bathroom.

When the park noticed the company’s techniques and development potential, it assisted by offering a comfortable office in the park’s Entrepreneurship Valley.

Ning said the park helped mainly in two aspects. Besides a free office, the park helped them save time and energy with such matters as company registry, patent applications and learning China’s key policies.

Among the more than 300 startup companies at the park, about 85 percent were founded by overseas returnees, with nearly half of them coming back from the United States.

Founded in 1997, the park has helped more than 800 enterprises go from startup to success. At least 14 of the companies have gone public.

“There are so many hidden talents in our park,” said Wang Wei, deputy director of the park.

“We are happy to see returnees bring back the science and techniques they learned abroad and that we gave them more possibilities when they started their own companies.”

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