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| William Bao Bean |
Marketplace:
But SIP still has some way to go before it can rival Silicon Valley, according to William Bao Bean, a venture capitalist with Singtel Innov8 in Shanghai.
"You need to attract talent and create a culture, it's not the easiest thing in the world," says Bean. "The government can do a lot and Suzhou has done the obvious things, but it's the software, the people side, that is important and it still has a way to go there. Building up a Silicon Valley is a step-by-step long term thing."More in Marketplace.
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1 comment:
We've had an office in Suzhou for many years. Only about 20% of the clients we handle there are actually involved in Hi-Tech, the rest are light manufacturing. The Hi-Tech ruse is in reality a ploy to attract investors and bend the rules for them to be there by being flexible over what constitutes "hi-tech" - as when qualifying for the category there are tax incentives.
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