Vision Capital signs MOU to support Hainan's Innovation and Tech boom

Hayk Hakobyan
February 26, 2020
Representatives of Hainan and Singapore take a group photo at the signing ceremony in Singapore on Feb 22. [Photo by Zhang Yuxue/]

Vision Capital, is honoured to announce the signing of a Memorandum of Understanding (MOU) that will boost the realisation of a world class technology park to be located at the heart of Hainan, a tropical island province in southern China.

In line with China’s efforts to be a global tech power, Hainan has begun to emerge from obscurity under the government’s plan for it to be a hub for digital nomads and tech startups gaining popularity for its likeness to Hawaii and favourable policies that have begun to attract foreign companies and investment.

Hainan’s provincial government has been tasked with the growth of the Fullsing Town Innovation Park which opened in2015 and has since become one of the most active places for innovation and entrepreneurship in Hainan, and is currently host to 8 incubators and 4accelerators.

Their belief in the necessity of a supportive community for startups and innovation to succeed have led them to build up a group of industry players who include investors, professional services firms and startups. This process led the Department of industry and Information Technology of Hainan Province to visit Singapore on 22nd February to learn about Singapore’s advanced technology, and cooperative projects.

While in Singapore, the delegation fromHainan signed agreements with Vision Capital and three other Singaporean companies to support the growth of the innovation park.

Known for its experience in the commercial application of blockchain and A.I, Vision Capital, an emerging tech advisor and investor brings on board its knowledge of market and financial trends as well as its experience in the strategic development of tech companies.

Offering both strategic and financial advice that includes know-how of technology, economics, digital marketing and financial know-how and network of investors Vision Capital in collaboration with Hainan’s government will support the incubators, accelerators and startups in Fullsing Town Innovation Park.

Representatives of the Fullsing Town Internet Innovation Park sign contracts with four Singaporean internet enterprises. [Photo by Zhang Yuxue/]

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