Where Are All the Enterprise Tech Unicorns

September 27, 2019
Innovation Updates

XNode News

Where Are All the Enterprise Tech Unicorns

Slush Shanghai attracted many overseas venture capitalists, investors, and technology enthusiasts every year. Besides stage talks and onsite exchanges (and of course music and dancing), startups also come to understand the mystery of China’s speed to market! This time, XNode’s International Growth Director, Matthieu Bodin, moderated the panel discussion. Together with the speakers, they explored the characteristics of China’s unique innovation models in search for China’s next tech “unicorn”.

Whether it is through the perspectives of investors or startups, the most important characteristic that a “unicorn” must possess is to create unique value for its customers. This will allow them to breakthrough, strengthen their foothold and expand rapidly in the market. Kapil Kane, Intel China’s Innovation Director, believes that there is also another environment where “unicorns” can emerge – innovation within large corporations. A good example would be a project from Intel’s GrowthX internal acceleration program. By making use of Intel@FPGA+CPU system, it shortened the time of gene detection by 1/10. It is the only hardware solution in the genetic testing industry that can realize large-scale commercial value and create social impact.

XNode has built a long-term relationship with Intel GrowthX and running together Intel’s GrowthX Acceleration Program for the past three years. GrowthX has received more than 500 ideas, accelerated 40+ projects and successfully brought 8 new ideas into the market, creating a net income of 22 million US dollars.

As an international accelerator, our presence at Slush attracted many new fans. With cross-border entrepreneurial acceleration, corporate innovation services, and an international innovation eco-system, we have something to suit the innovators.

XNode is a place for entrepreneurs to gather. As of 2019, there are 1,121 startups in the community. They may be from different countries, but they have the same passion, dream and hope to change the world with actions. XNode is also a platform for innovators. Throughout our journey, we realized that the entrepreneurial practices can be systematically transformed by methodologies and tools to help large corporates work like a startup.

We claim that we are the coolest accelerator in town, but we are clear that innovation requires collaboration with people from all around the world. This is the reason why XNode is extremely open to collaborating with global players to help startups, corporates, and other players innovate in the multi-cultural landscape filled with challenges. So far, XNode has established cross-border acceleration programs between 5 countries including Australia, Japan, Singapore, Italy, and South Korea. We helped 34 startups and scaleups launch in China and received investments of more than 152 million US dollars.

Founded in 2015, we have always believed that innovation is the product of agility, speed, and collaboration. Innovation brings real value, and the process will make you even cooler!

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