By Xinming Li, bostonese.com
Burlington, Mass., Oct. 7, 2015, — The inaugural US-China Hi-Tech was held at Boston Marriott Burlington this morning. Close to 80 government officials, scholars and entrepreneurs from both US and China attended this summit. This summit is organized by Haiyin Capital, and co-organized by Boston Bilingual Media & Publishing Inc. Delegations from Beijing and Guangzhou, China were welcomed by Nam Pham, Assistant Secretary of Business Development and International Trade, the Massachusetts Executive Office of Housing & and Economic Development.
Economist Ms. Xiaolei Zuo (right) speaks about the Guangzhou model at the summit with interpreter Anna Tse(left), photos by Menglei Han, bostonese.com.
A wide range of topics in innovation and entrepreneurship were discussed by distinguished speakers such as Ming Yi, Deputy Director of Guangzhou Commission of Industry and Information Technology, Min Tang, adviser to State Council of China, Xiaowei Zuo, leading Economist of China, Mr. Carmichael Roberts, North Bridge Partner, John Werner, MIT Media Lab/TEDx, and Charles Hsu, CEO of EBO Global.
Thanks to its leading research universities, the Greater Boston area has been a hub of hi-tech innovation and home of many startup companies over past decades. There is one bottleneck for these startups’ growth. When startups are small and only at the R&D stage, their valuation is relatively low, and the capital they need to get to the next level can’t be raised. But they often need a sizable investment to reach that large manufacturing scale and to reach a global market, which will eventually lead to a much higher valuation.
Investment and cooperation from China can be the solution. With China’s already existing manufacturing capability, US hi-tech startups’ capital needs are reduced, and valuation is increased. There is also added benefit of exposure to China’s huge market potential and investment capability.
Chinese government officials and economist discussed the benefits startups can enjoy by entering China. Leading economists from China spoke about the current state of China’s economy and review the latest policies related to US-China hi-tech industry cooperation.
Dr. Carl Dietrich, CEO, Terrafugia Inc., speaks about making flying cars a reality(photo by Menglei Han, bostonese.com).
Speakers from Boston-based high-tech startups, such as 1366 Technologies, MC10, Terrafugia Inc., WiTricity Corporation, talked about how they have been able to benefit from working with China. They also showed videos of their innovative products like flying cars, wireless charging stations and the new process of manufacturing silicon wafers.
“It’s great to see our vision of combining the innovations of US tech startups with China’s manufacturing capabilities and vast market becoming reality at the summit,” said Mr. Yuquan Wang, founding partner of Haiyin Capital.
Summit Agenda and pictures
9:00am-9:05am: Welcome address and introductions
9:05am-9:15am: Opening remark of Mr. Ming Yi, Deputy Director of Guangzhou Commission of Industry and Information Technology
9:15am-9:30am: Keynote speech of Mr. Min Tang, Adviser to State Council of China, Leading Economist
9:30am-9:45am: Speech of Mrs. Xiaolei Zuo, leading Economist of China
9:45am-10:00am: Speech of Mr. Carmichael Roberts, North Bridge Partner
10:00am-10:15am: Mr. John Werner talks about TEDx, which is about how to source future innovation.
10:15am-10:30am: Speech of Dr. Charles Hsu, CEO of EBO Global
10:30am-10:45am: Speech of Prof. Zhaofeng Xue, National School of Development, Peking University, China
10:45am-11:00am: Tea Break
11:00am-11:15am: Speech of Mr. Benjamin Schlatka, VP of Corporate Development & Co-Founder
11:15am-11:30am: Speech of Mr. John Linton, Vice President, 1366 Technologies Inc.
11:30am-11:45am: Speech of Dr. Carl Dietrich, CEO, Terrafugia Inc.
11:45am-12:00am: Speech of Mr. Don Peck, CFO, WiTricity Corporation.
12:00am-12:15am: Speech of Mr. Yuquan Wang, Founding Partner, Haiyin Capital
12:15am-12:25am: Speech of Nam Pham, Assistant Secretary of Business Development and International Trade, the Massachusetts Executive Office of Housing & and Economic Development
12:25am-12:30pm: Closing Remark of Mr. David Li, Boston Bilingual Media&publishing Inc.
12:30pm: Close
12:40pm Lunch
The follow are more pictures from US-China Hi-Tech Summit by Menglei Han.
