#1 Take closer look at Guangxi Beibu Gulf von DMT 16.05.2019 08:18

by Xinhua writers Zhu Wanjun Terrance Smith Black Jersey , Zhao Hui

BEIJING, April 28 (Xinhua) -- Zhang Bohan used to strolled overto the Haidian Book City in northwest Beijing in 2005. The culturallandmark, one of the largest bookstores in the Chinese capital, wasthe ideal destination for the then 15-year-old guitar-lover to buyCDs.

At that time, it seemed impossible for him to predict that theold building at the center of Zhongguancun industrial zone would betransformed into a nationwide incubator for entrepreneurship andinnovation.

The Zhongguancun Inno Way company, which is headquartered in theHaidian Book City area Xavier Williams Black Jersey , is now a new landmark of innovation withvarious well-known incubators, such as Garage Cafe, Kr Space andLegend Star.

As "a platform of incubators," the Inno Way has met with greatsuccess in the past three years, serving as a bridge for bothChinese and international start-ups, markets and investment.

Three years ago Jordan Lucas Black Jersey , with the invention of a smart guitar, Zhangstarted a business, Popumusic, after dropping out of the Universityof California, San Diego.

In the beginning, even his parents tried to talk him out of theidea. Yet nothing could change his mind.

Many of his friends had given up playing guitar without evenreally trying Damien Williams Black Jersey , because they found it too hard to learn. "Why notdevelop an easy-to-play smart guitar?" he thought.

His confidence and courage were stimulated by the government'sencouragement for mass entrepreneurship and innovation in thecountry.

Vigorous efforts were made in China to implement theinnovation-driven development strategy, such as the promulgation ofthe Outline of the National Strategy of Innovation-DrivenDevelopment and the launch of programs for major science,technology and innovation projects toward 2030.

In May 2016, the "poputar" (a smart guitar) launched its firstcrowd-funding through E-commerce and received rave reviews. In onemonth, 4,000 guitars were sold with more than 3 million yuan(435 Tyrann Mathieu Black Jersey ,600 U.S. dollars) raised. Six months later, Zhang's otherproduct, the "populele" (a smart ukulele), also succeeded in itscrowd-funding with 6,000 sold out in 10 hours.

"The hot sale of the 'poputar' and 'populele' has expanded thetraditional guitar consumer market," said Li Wei Carlos Hyde Black Jersey , the company'smarket director.

In the first quarter of this year, the company bagged two of thetop three international production design awards -- the iF DesignAward in February and the Red Dot Design Award in March.

As one of the innovation enterprises hatched in the ZhongguancunInno Way, PopuMusic's success has taken advantage of the currentwave of innovation and entrepreneurship in China.

"This is a down-to-earth and inclusive platform," Zhang said."It provides start-ups with great support for building up teams,solving technique and finance problems. It gave me more confidenceto face all the difficulties at the very beginning."

In the opinion of Yao Hongbo, chairman of the Zhongguancun InnoWay's operating company Steven Nelson Black Jersey , Beijing Haizhikechuang Technology Service,the ongoing wave of business start-ups in China is distinguishedfrom the former wave in the late 1980s and early 1990s.

"We used to produce pants and now we make aircraft -- you cansee the huge difference," he said.

China is trying to transform and upgrade from a "manufacturingcountry" to an "intellectual manufacturing country," whereinnovation is the most important "catalyst."

PopuMusic has also been looking at international cooperation.Since last month, the company has been carrying out the firstcrowd-funding for the "populele" in the United States, with atarget amount of 500 Mitch Morse Black Jersey ,000 dollars.

The company is considering the possibility of producing guitarsin South Asia and has been keeping in touch with an Italianmanufacturer on the possibility of using mechanical arms to replacepart of human labor in the production.

Zhang has an even bolder idea. He plans to build a socialplatform for music-lovers in the United States to promoteself-learning and smart-learning of instruments throughout theworld.

Chinese innovative enterprises, like PopuMusic, are lookingforward to expanding into overseas markets, while foreign start-upsare seeking better development in China. Both share the same ideaof making full use of global resources to innovate.

So far, Inno Way and other incubators have collaborated with 31organizations from more than 10 countries in innovative exchanges,cross-border joint incubation programs and other cooperativeprojects. A total of 194 overseas returnees and foreign start-upshave taken root in this place.

Inno Way has held a global innovation roadshow called "Demo theworld" annually since 2015 to attract innovation start-ups from allover the world. Some of the winning projects have become permanentfixtures in Zhongguancun Chris Jones Black Jersey , obtained financing from Chineseenterprises and become potential acquisition targets ofinternational companies like Apple. Enditem

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