AliCloud and Hon Hai’s Foxconn Technology Group announced on Wednesday a collaboration to foster small, medium and micro enterprise (SMME) success. SMMEs will receive a headstart in commercializing innovative concepts through the Taofu Chengzhen (淘富成真) startup incubator program, which is jointly managed by Foxconn and AliCloud.

“Taofu Chengzhen can be described as a platform for startup innovation.  When you have an idea, you need large scale growth to bring product to market quickly, serve to consumers quickly. Ultimately, we aim to help reduce the startup’s cycle for innovation.” Dr. Jian Wang, CTO of Alibaba Group said in the press conference in Hangzhou. 

This program will include an internet marketing platform for entrepreneurs where AliCloud will contribute cloud computing and big data support via AliCloud, while Foxconn will offer best practices in design, development patents, and supply chain management capabilities. AliCloud and Foxconn will also collaborate with Intel, Zhubajie.com & Valley Capital to create a unique infrastructure to drive innovation and growth of SMMEs.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com