El Banco Mundial, a través de su ventanilla privada IFC, está invirtiendo 15 millones USD en el último fondo de capital riesgo de chino y puesta en marcha de la incubadora/ acelerador Innovation Works. Esta es la primera vez que el Banco Mundial ha hecho una inversión directa en las primeras etapas de una Start – up de Internet en China.
The funds will go into Innovation Works’s Sinovation Fund III LP, which is focused on early- and mid-stage internet companies. The total sum of this fund has not yet been disclosed, as Innovation Works is still raising money, but founder Kaifu Lee says that IFC’s investment could go a long way towards helping Innovation Works become more global. It’s also an important stamp of approval for Innovation Works’s investment-plus-incubation model.
For IFC’s part, VC fund director Atul Mehta told reporters that the firm is impressed with entrepreneurship in China. IFC is also interested in connecting with local incubators and accelerators, so Innovation Works – one of China’s largest tech accelerators and incubators – was an obvious place to start.