China Fortune Launching Tech Incubator

SILICON VALLEY, CA—China Fortune Land Development Co., Ltd. says it launched a high-tech incubator in Silicon Valley last week. The incubator marks a new way to upgrade China’s industries, a new platform to connect Chinese and US high-tech industries and a key step of China Fortune’s Land Deveilopment’s (CFLD) global expansion.The CFLD high-tech incubator is an important step for the company to achieve the goal of combining industrialization and innovation in China and the US. With the incubator, CFLD provides a new way to translate technological innovation into business results. Technological innovation in the US can develop in an industrial environment in the incubator and eventually reach the Chinese market, the company said in a release announcing the project. “This is a win-win scenario for both China and the US, said industry experts,” the release reads. “The US has a large number of cutting-edge technologies and patents while China has a huge market. Through the incubator, US innovation can reach customers outside the US and China can upgrade its industries by importing advanced technology from overseas.”Compared to Chinese peers in Silicon Valley, the CFLD high-tech incubator not only emphasizes high-tech incubation, but also strives to connect industries from China and the US and build up a sustainable industrial value chain. CFLD aims to incubate high-tech projects in Silicon Valley and bring these projects to Chinese industrial parks for their further development when they are ready, in an effort to build up a whole industrial value chain.The official launch of the CFLD high-tech incubator also marked the beginning of CFLD’s global expansion, the firm says. The incubator will accelerate the pace of integrating resources both in and out of China, connect cutting-edge technology around the world, and help translate innovation into business results.Founded in 1998, CFLD has been devoting itself to providing various industrial, logistics and commercial facilities for enterprises. Establishing a Chinese high-tech incubator in Silicon Valley and fostering high-tech projects in the US, CFLD said.