
China
Beijing #5
"Beijing is a vibrant city for venture capital and startups. With a large pool of talent from top universities, the presence of multiple technology corporations, and access to capital, it has ample resources to help startups to grow."



Highlights
The Beijing 2022 Winter Olympics spotlighted not just athletic greatness, but also Beijing’s growing status as a startup and technology hub. The Games showcased advances in 5G, AI and Robotics, self-driving vehicles, telemedicine, and smart venue management. China Unicom, the event’s official telecommunications service provider, built an intelligent vehicle networking system that supported a self-driving car to carry the Olympic torch. It also helped test four types of unmanned vehicles including buses and delivery vehicles.
Meanwhile, China is accelerating its ambitious program to support startups in industries such as chipmaking and biotech. The Ministry of Industry and Information Technology is set to name approximately 3,000 "little giant" startups in 2022. The designation provides startups with special incentives and signals to investors, employees, and potential corporate partners that the companies enjoy a special endorsement by the government.
China is building Huairou Science City in the northeastern suburbs of Beijing to provide laboratories and infrastructure for advanced research. In March 2022, five experimental stations opened to users. More than 50 applications have been received from domestic and foreign teams, according to the Huairou Park of the Institute of Physics, Chinese Academy of Sciences. The 5th International Conference on Network Technology will be held in Beijing in October 2022.
Notable recent funding news out of Beijing includes Edtech Fenbi’s $390 million Series A in February 2021, augmented reality startup Nreal’s $60 million Series C in March 2022, and security threat intelligence company ThreatBook’s ¥300 million yuan ($47 million) Series E, also in March 2022.
Ecosystem by the Numbers
Amount ($)
Count (#)
Exits
(2017-2021)Sub-Sector Strengths
AI, Big Data & Analytics
Fintech

Reasons to Move Your Startup to Beijing
Infrastructure for Advanced Research
Research Funding
The National Natural Science Foundation of China has set up the Research Fund for International Scientists (RFIS) to support foriegn scientists who are ready to conduct basic research in China. RSIF offers scientists up to $125,000 per year per project and is open to all research areas within the NSFC’s funding scope. Projects are expected to start in 2023.
Selected Startup Organizations
Startup Genome
Partners
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