Start-up incubators to consolidate in China

According to industry insiders, in mainland China, start-up incubators are predicted to consolidate into a few large players in the next few years, much like the hotel industry. Incubators provide start-up companies with services such as cheap office space, mentorship and a chance to meet investors. This comes at a time when the market is saturated with small incubators due to a push by Beijing to promote innovation and entrepreneurship. 

One of URwork’s co-working spaces in China. The company is valued at more than 1 billion yuan. Photo: Handout