European Hardware Accelerator Woos Chinese Investors
Summary
Back in summer 2013 shiny new European hardware accelerator, Startupbootcamp target="_blank" href="http://www.startupbootcamp.org/programs/hightechxl.html">HighTechXL, began the search for its first cohort of startups. Guus Frericks, founder of HighTechXL said the program has focused on intensifying contacts with China, signing a co-operation deal with the China Technology Venture Association last year. Hardware startups especially tend to be pre-occupied with China, given their need to set up a supply chain — and the ready availability of factories and manufacturing expertise in the country. A delegation of Chinese investors visited Demo Day in February this year, resulting in these deals,” said Frericks in a statement. “There may be more Chinese investments coming up, these two are final at this point,” added a HighTechXL spokesperson.
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