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Dongke Chuangxing incubates 400 tech firms in 9 years

Updated: 2022-03-09 (chinaopticsvalley.com) Weibo Weixin Qzone Facebook Twitter More

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Xu Wenjuan attends the 2020 OVC 3551 entrepreneurship competition. [Photo/WeChat account of Optics Valley of China]

There is an entrepreneurship and investment company in East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC) which has invested in more than 400 technology firms in only nine years, including 10 unicorns, and has an overall revenue exceeding 16 billion yuan ($2.53 billion). The company is Wuhan Dongke Chuangxing Venture Capital Management Co, a legend in OVC.

As a professional corporation committed to offering free high-end training for entrepreneurs and providing angel investments for emerging businesses, Dongke Chuangxing has promoted technology transfers and incubated many high-tech firms.

"There was light in the eyes of every entrepreneur in OVC's overseas returnee innovation park," recalled Xu Wenjuan, one of the founders of the firm. In 2009, she was a CEO of a high-tech company in the park.

Xu got acquainted with Zhu Zifang in the spring of 2011 at a training session for business starters. After talking in-depth, both of them agreed that Wuhan did not have an ideal environment for high-tech corporations and entrepreneurs lacked proper guidance on their new businesses.

To fix this, the two women created a platform for those looking to start businesses that features free CEO training, angel investments, customized tutorship, and shared resources. In 2013, Dongke Chuangxing was established.

Although they faced many challenges and doubted themselves constantly, the two stuck to their dreams. Figures don't lie: the CEO training sessions have cultivated 363 brilliant technology entrepreneurs, including 82 overseas returnees and 93 doctors. In 2015, Dongke Chuangxing was selected as a national innovation incubator.