Assistant Minister for Trade Tourism and Investment Keith Pitt was in Shanghai over the weekend to build links between the two nations.
Mr Pitt met Australian star-up enterprises accessing mentoring, finance and business development opportunities via the Australian Government’s Shanghai Landing Pad.
He also witnessed the signing of a Memorandum of Understanding between China’s Bright Foods and the Northern Co-operative Meat Company.
Landing Pads are part of the National Innovation and Science Agenda.
Austrade have established five Landing Pads in Berlin, Shanghai, Singapore and Tel Aviv.
Landing Pads provide market-ready Australian startups with access to some of the world’s most renowned innovation and startup ecosystems.
Participants will have a short-term operational base at one of five Landing Pads for up to 90 days, where they will benefit from Austrade’s extensive global network of contacts and tailored business development assistance.
The aim is to provide an immersive environment to accelerate the development of a startup’s product or service business model by exploring in-market business development, investment, mentorship and strategic partnership opportunities.
The Shanghai Landing Pad is located at coworking space XNode. XNode strives to be the bridge between China and the rest of the world by bringing together the top local and China based international startups into one community.
Through its Xelerator program, XNode grows fledgling companies into successful, scalable, and sustainable businesses while simultaneously working with fully developed corporate companies to foster innovation within their organisations.
XNode has a strong focus on tech, investor pitch training, demo days, and mentorship from some of China’s top business minds.