Editor’s note: This was contributed by Rachel Daydou. She has lived in China for 7 years and has been evolving in the Shanghai startup scene for 3, as co-founder of Lihaoma, managing member of Startup Grind Shanghai and leader of Shanghai University’s entrepreneurship program. She specializes in training programs for founders to make their startup profitable.
With money getting thrown at innovative initiatives, the government willing to reimburse venture capitalists for their loss and the eco system maturing as a whole, Shanghai is starting to look like the entrepreneur’s heaven.
Wantentrepeneurs, incubators and co-working spaces are growing like mushrooms. Being an entrepreneur is the dopest thing you can wish for in this booming city. But it takes much more than that to develop a mature startup ecosystem and build sustainable companies.
We have compiled a list of resources beyond co-working spaces and venture capitalist funds. But first, ask yourself those four questions in order to find out WHICH support is most suitable for you.
- What’s the founding team nationality, core competence, and commitment?
- What’s your company stage?
- What are your immediate needs?
- What do you want to achieve in the next six months?
Now that you have answered these questions, here is a curated list of support for foreign entrepreneurs in Shanghai.
- TRAINING – Step up your game in the long term without giving away equity
- COMMUNITIES – Great to share tips, tools and find business opportunities
- SERVICES – From office to hiring we need services catered to startups
- INVESTMENT + VISIBILITY – Raise and learn how to sell
- EVENTS – Meet your co-founder, first employee or advisor
- INSPIRATION – Get going and keep going when it gets tough (i.e. all the time)
Videos: Ted Talks
Entrepreneur Blogs & Magazines: Technode
Books: The Lean Startup
- INVESTMENT – If you’re building the next unicorn
Contributors: Adja Sy, Sylvain Joandel, Debo Omololu, Stephane Monsallier, Ryan J. King, Erik Walenza-Slabe, Stephane Vernede.
NB: this guide is tailored to foreign founders of Chinese and foreign companies alike. We have curated the support most actionable for you, particularly on the investment side because we know it’s tough for foreign founders to raise from purely Chinese funds.