InnoSpring Launches New Accelerator Program: Applications Open Today

SANTA CLARA, CA--(Marketwire - Jul 18, 2012) -  InnoSpring, Silicon Valley's first US-China technology startup incubator, today announced that it is now accepting applications for the new InnoSpring Accelerator Program, a six-month program designed to prepare startups for hyper-speed growth in the United States, China and beyond. InnoSpring will select up to 10 startups to enter the program, each of which will receive $100,000 in funding, industry and business mentorship and more. InnoSpring will consider applications up until its August 31^st deadline.

"InnoSpring encourages passionate and globally-minded entrepreneurs to apply to the InnoSpring Accelerator Program," said Eugene Zhang, president of InnoSpring. "Selected startups will gain unparalleled access to our unique and valuable US-China ecosystem, receive mentorship from the best in their industries, and be provided tools to build scalable companies for the global economy."

The InnoSpring Accelerator Program
The InnoSpring Accelerator program is targeted at companies in the Mobile Internet, Cleantech and Healthcare IT industries, with special preference given to big data startups. Beginning October 1, 2012, selected applicants will begin their program at InnoSpring's 13,500-square-feet Silicon Valley facility. Accelerator Program companies will receive:

• $100,000 or more in startup funding
• Structured workshops on topics such as sales, product differentiation, revenue model, improving your pitch, business development, startup law and more
• Mentorship and office hours from sector-specific mentors, VCs and angel investors, business/marketing mentors and startup law firms
• Speaker events with well-known Silicon Valley and China entrepreneurs and executives
• Exclusive access to InnoSpring's US-China ecosystem
• Networking and pitching opportunities with venture capitalists and angel investors
• Assistance with marketing, public relations and recruiting
• Access to in-house resources such as HR, paralegal and bookkeeping services
• Series A/B round funding facilitation

InnoSpring Accelerator Program Mentors
InnoSpring Accelerator Program mentors include top venture capitalists and serial entrepreneurs such as:

• Datong Chen: Founding Partner and Managing Director of WestSummit Capital; co-founder and former CTO of Spreadtrum Communications; co-founder and former SVP of Omnivision
• Wen Hsieh: Managing Partner at KPCB China; Partner at KPCB US
• Jack Jia: Partner at GSR Ventures; founder and former CEO of Baynote, Inc.; founding CTO and SVP of Interwoven
• Michael Jin: VP of IC Engineering at iWatt; Managing Partner at TEEC Angel Fund; co-founder and former CTO of Simple Silicon, Inc.
• Imin Lee: Founder and former CEO of AccelOps, Inc.; founder and former CEO of Protego Networks, Inc.
• Brook Porter: Partner at Kleiner Perkins Caufield & Byers (KPCB); former COO of Primafuel
• Jinlin Wang: CTO and VP of Engineering at Answers; Advisory Partner at TEEC Angel Fund
• Wei Jie Yun: Senior Advisor to Northern Light Venture Capital; co-founder and former Executive Chairman of Telegent Systems

The InnoSpring Accelerator Program is funded through the InnoSpring Seed Fund, established in 2012 with the support from leading investors Kleiner Perkins Caufield & Byers (KPCB) and KPCB China, Northern Light Venture Capital (NLVC), GSR Ventures, China Broadband Capital (CBC) and TEEC Angel Fund.

Interested startups can apply online at http://InnoSpring.net/apply/ or email apply@innospring.net with questions.

About InnoSpring
InnoSpring is Silicon Valley's first U.S.-China technology start-up incubator. It strives to accelerate cross-border entrepreneurship and innovation in the United States and China by providing a nurturing startup ecosystem with a wide variety of services and support. InnoSpring is created from the joint partnership of Tsinghua University Science Park (TusPark), Shui On Group, Northern Light Venture Capital (NLVC) and Silicon Valley Bank (SVB). For more information, please visit www.InnoSpring.net.