According to Reuters, former Google Vice President, Dr. Kai-Fu Lee is embarking on a new platform for China's innovation sector. Named, Innovation Works, the business creation platform will focus on establishing the next wave of Chinese high-technology companies This announcement follows news of Dr. Lee`s resignation as Google Vice President and President of Google Greater China and introduces a new business paradigm into the Chinese start-up environment.
Led by Dr. Lee, Innovation Works will concentrate on Internet, mobile Internet,
and cloud computing technology advancements targeted at the Greater China
market, and build "dream teams" to collect, analyze, prioritize and execute on
the most promising ideas. Innovation Works will accelerate an entrepreneur`s
ability to prove ideas, obtain additional external funding, and then spin-off
into an independent company.
What do you think of Dr. Lee's endeavor? Will this platform help spur the Chinese innovation movement?