China’s Torch Program – the glow that can light the world (Part 2 of 5)
Steve Blank
APRIL 11, 2013
This enabled Torch to evolve with China’s rapidly global economy. In addition to the one in Beijing, China has set up 53 additional industrial parks and in them are ~60,000 companies with 8 million employees. Set up in 1999, Innofund offers grants ($150 – $250K), loan interest subsidies and equity investment.
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