Austrade opens Shanghai Landing Pad for startups

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Shanghai skyline. Photo: iStockphoto

The Australian Trade and Investment Commission (Austrade) has officially opened the Australian Government’s Landing Pad at co-working space XNode in Shanghai, to provide a base for startups looking to expand into China, the Asia-Pacific region and beyond.

The Shanghai Landing Pad is the third of five Landing Pads announced by the Australian Government as part of its National Innovation and Science Agenda, with others located in San Francisco, Berlin, Tel Aviv and Singapore.

Landing Pad participants will have access to XNode’s ‘Xelerator’ program, which focuses on investor pitch training, demo days, and mentorship from some of China’s top business people, as well as a diverse ecosystem of high-tech parks, entrepreneurs, investors, regulators and potential customers in Shanghai.

“The city’s well-established innovation ecosystem includes extensive venture capital networks, a sophisticated financial services sector and a legal and business advisory support system, providing genuine international reach,” said Michael Clifton, senior trade commissioner in China, Austrade.

XNode CEO, Zhou Wei, said XNode is proud to have been chosen to work with Austrade and looks forward to helping talented Australian startups grow their businesses, using Shanghai as a springboard from which to internationalise.

“XNode provides creative workspaces designed with startups in mind, this together with our community of entrepreneurs, professional resources and tailor-made programs, we’ve cultivated the ideal environment for these companies to explore their potential,” said Zhou.

Applications are now open for the Shanghai Landing Pad. Australian companies seeking more information or wishing to apply can visit australiaunlimited.com/LandingPads, contact Austrade on 13 28 78 or email landingpads@austrade.gov.au.

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