The vitality of China’s technology and startup is putting the country’s innovation ecosystem under the center of world spotlight. Yesterday, Y Combinator (YC), the Silicon Valley-based incubator, is hoping to join the trend. Eric Migicovsky, a partner at YC, shared his thoughts on the potential and globalization of Chinese innovation with Daniel Hsu, contributor to TechNode and former Vice President at venture capital firm Village Capital, at TechTemple, Beijing.

“It’s easy for people to dismiss ideas,” Eric says. The initial critical and suspicious thoughts on raw ideas could lay a negative influence on the shaping of a startup’s potential. The spirit in the Valley that may seem “some kind of stupid” to outsiders, as Eric explains, is the opposite of “what if it works.”

And YC is building up its base in China’s capital city to spread the spirit. The country’s unique characteristics is distinguishing itself from world’s major innovation centers such as London, YC’s close study on global technology ecosystem says.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com