Frequently Asked Questions
Why China and why XNode?
China is one of the fastest growing economies on the planet with strong industrial capabilities and a massive market. However, with a fragmented business ecosystem and drastically different consumer behaviour, businesses often need to undergo drastic changes to their business and operating model to be successful. As a result, companies that lack on-the-ground knowledge of the market consistently find it quite challenging when establishing a presence here. The China-Singapore Innovation Launchpad programme is designed to help entrants, with limited business practice in China, to be better equipped with the knowledge and network to find product-market fit and scale quickly.
What is in it for me?
Your startup will benefit by acquiring:
A strong knowledge foundation including a clear China vision and execution plan,
A network of potential customers, partners and investors, and
Continued support even after the programme.
How is the programme structured?
The incoming batch will be executed in two phases.
The first phase is Virtual Market Education:
Highly customised in-depth knowledge workshops
Mentorship by Entrepreneurs-in-Residence with industry expertise
Intimate 1-on-1 meetings with ecosystem players
Innovation ecosystem network: Corporates, investors, startups, government, academia, etc.
The second phase is Market Exploration in Shanghai or Shenzhen, where startups can have physical meetings with their potential clients and partners for follow-on or new deal-making.
Will there be opportunities to seek funding?
Yes, a virtual demo day will be conducted at the end of the programme. This is where XNode taps into our extensive network of VCs, CVCs and private equity firms to line up suitable investors as attendees, maximising funding opportunities for your startup.
How much does the programme cost?
The programme is fee-based, at 0% equity.