
As
research from the Startup Genome is beginning to show, the world has become a global entrepreneurial playing field, as cities from Tel Aviv to Santiago evolve into thriving startup ecosystems, becoming both regional and global engines of job creation. With such a large, increasingly internet-connected population, China, too, has become an important part of this conversation for web startups. (
See TechCrunch Disrupt Beijing.) In spite of the huge market opportunities, however, historically
it's been tricky for foreign technology businesses to gain significant traction inside the Eastern power. Today, a consortium of Chinese and American financial institutions are looking to change that by launching Silicon Valley's first U.S.-China tech accelerator, called
InnoSpring. The new incubator officially opened its doors today, giving the world a sneak peek at its first batch of 12 startups, which will be making their home in the company's new 13,500 square-foot facility in Santa Clara, California.
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