Combination of Soft & Hard: China-India Entrepreneurs Gather at CEC i-Valley
The China-India Startup Summit was successfully held on July 12th, 2019 at Huaqiangbei’s CEC i-Valley, where about 70 entrepreneurs and investors from China, India, and many other countries gathered to exchange information regarding the startup ecology of China and India. At the moment, many entrepreneurs from India plan to enter and establish a presence in Shenzhen, so that they may also reap the benefits of the high-speed development opportunities provided in the Greater Bay Area of Guangdong, Macau, and Hong Kong
The conference was co-organized by IndiaTech HK, CEC i-Valley, Asia Prism Ventures, and Hong Kong Innovation Services, with its sponsors including Mr. and Mrs. SHROFF, Huaqiangbei District Government, WHub, Magespire, SparkLab, and Dawat Indian Restaurant. The event was also the 18th “One Belt One Road Happy Hour at Huaqiangbei.”
From Bangalore to Huaqiangbei: The Combination of Soft and Hard
On behalf of the organizers of the event, Sun WEI, the General Manager of CEC i-Valley, gave a welcome address, and especially welcomed all Indian Enterprises to come together and enter Shenzhen. LAW Yee Ping, the Managing Director of Hong Kong Innovation Services and Community Director of CEC i-Valley, and Sun WEI introduced the CEC i-Valley showroom to all attendees. They mentioned that this is an international intelligence hardware center and were also extremely welcoming towards the world-famous software industry of India, especially because their software could help the hardware achieve greater efficiency, adapt better to the users’ needs, and bring great benefit to both sides. If the Indian Software Industry were able to cooperate with the hardware team of CEC i-Valley and successfully integrate their programs and equipment, then the opportunities for success would be significantly greater.
Huaqiangbei Enhanced Edition: Guangdong, Hong Kong, and Macau Greater Bay Areas
In the keynote speech and roundtable discussion, LAW Yee Ping mentioned that the Greater Bay Area of Guangdong, Hong Kong, and Macau have become a hot topic in recent years, however the effect of the collaborative efforts of these areas have already been exhibited since the 1990s. For example, founder of Han’s Lasers, GAO Yunfeng, was able to use the 400,000 HKD he acquired from friends in Hong Kong to create the first domestic laser marking machine in Huaqiangbei. Tencent’s MA Huateng established its first office in Huaqiangbei in 1998, and then listed on the stock market in Hong Kong in 2004. More recently, there has been Frank WANG and DJI (Dajiang Innovation), who undergo research for their products at the Hong Kong University of Science and Technology, finance in Shenzhen, and manufacture in Dongguan. These examples precisely show the true capabilities of the Guangdong, Hong Kong, and Macau Greater Bay Areas, where in recent years the central and local governments have implemented the potential of these areas into important national policies. The cooperation and capabilities in these areas will continue to increase greatly, and as a result our opportunities will increase as well.
The conference organized two roundtable forums. The first theme was technology and innovation in the Greater Bay Area of Guangdong, Hong Kong, and Macau
The other was the prospect of cooperation between China and India
Indian Software: Made in China
In his keynote speech, the founder of IndiaTech HK, Musheer AHMED, pointed out that China and India are both countries with very large populations, and in many aspects have much room for cooperation. Matching India’s software with China’s hardware is obviously an important direction that the two countries will want to take, but what is also worth noting is that in recent years, Chinese software, particularly applications, have undergone rapid growth in India. Currently, out of the 100 most popular apps in India, 44 originate from China.
Another co-founder of IndiaTech HK, Pritish SANYAL, pointed out that India’s financial technology is growing rapidly, and digital payment is expected to increase to one trillion US dollars by 2023, equivalent to 15% of the GDP forecasted for 2020.
Also in attendance of the conference were the winners of IndiaTech HK’s Startup Project Awards held in Hong Kong on Saturday: the smart travel platform Guiddoo. Founder Vineet BUDKI said that 70% of travelers go through travel agencies to book their trips, which provide no flexibility. What sets their platform apart from others is that they use big data and intelligent means to customize itineraries for their customers, and the costs will not be much higher than that of traveling in a group.
The topic of Sino-Indian cooperation is extremely popular, and the conference attracted the Shenzhen Radio and Television Group Zhongchuang TV Channel to visit. LAW Yee Ping also mentioned that this was the 18th occurrence of the One Belt One Road gatherings at Huaqiangbei and was strongly supported by the Huaqiangbei Street Office. Previous speakers for this series of events include innovative entrepreneurs from Canada, Japan, Russia, America, Ethiopia, the United Kingdom, Poland, Hong Kong, China Taipei, and mainland China.
Indian Food Happy Hour
In addition to the speeches and round table forums, the conference also arranged for a networking session, as well as Indian snacks and beer, which perfectly reflected the theme of One Belt One Road Happy Hour at Huaqiangbei.