Innovation Works: Capturing China Internet Opportunity

Kai-Fu Lee , Chairman & CEO, Innovation Works

This talk describes the exciting opportunities in the Chinese Internet, and Innovation Works, a company-building platform, created to capture these opportunities. The Chinese Internet has evolved into quite a different environment compared with that of the U.S. At the same time, there are many aspects that will be converging over time. In the next 2-3 years, we observe several important trends:

—E-commerce is poised to take off, and with that, advertising will become valuable.
—Mobile Internet will grow exponentially, eventually overtaking the traditional Internet.
—Cloud computing will enable a new software industry, previously non-existent due to piracy.
—A new crop of entrepreneurs will emerge, but they need coaching and angel funding.

Innovation Works is created to provide a unique environment, where angel funding, entrepreneur coaching, back-office support, top-engineer recruiting, and a shared LAMP-based platform are combined into one entity. This company-building platform will reduce time-to-market, and improve the success rate of our portfolio companies. Every year we expect to bring in 50-100 people, and spin-off five companies.

Friday, October 02, 2009 | 4:30 pm — 6:00 pm
Building 420 - Room 040, Main Quad

Center for East Asian Studies