After Alpha Wang graduated with a doctorate degree in electrical engineering from the University of Southern California, he had only one thing in mind—to return to China.

Not for him the beach house, car and solid but predictable career path at tech giants like Qualcomm, Google or Facebook. “I couldn’t see my endgame there,” said Wang. “That story doesn’t excite me.”

Instead, Wang jumped when the local government in his native Chengdu asked him to come back to China and set up a startup. The attractive incentive package on offer—funding of RMB3 million (around $432,000), office space, and an apartment—clinched the deal.

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Colum Murphy

Managing Editor, Technode.