ZDream, a China-based startup accelerator and venture capital fund, has today announced the launch of its incubator program in Gurugram — ZDream Labs.
The incubator is housed in a 5,200 sq ft. facility, and will provide mentorship and training to Indian start-ups and access to capital from Chinese venture capital firms and tech companies, besides ZDream’s direct investment.
Commenting on this, Li Jian, founder and CEO of ZDream, said,
The mission of launching ZDream Labs is to find out the next unicorn startup from India. We aim to grab the opportunity in the Indian Internet market by utilizing Chinese resources and techniques.
The incubator is aiming to bridge China and India internet industry as an incubator, venture fund and media. The incubation lab will play the role of a launchpad for both the ecosystems via mentoring and funding.
As per the company, it will initially invite early-stage start-ups in content and media, education and logistics and warehousing.
ZDream was founded in 2015 by two industry veterans from China, whose focal point has been the Indian market for the past 10 years. Its investments are focussed on technology, media, and telecommunications. It invests in early stage startups through its own funds as well as Chinese partners.
As for the mentorship, ZDream Labs has a dedicated Chinese research team working on its incubated or invested projects. For funding, apart from ZDream’s direct investment, the company will connect Indian startups with Chinese investors through its regular “Chindia TMT Dialogue” Conference and “Demo Day”.