Establishment of the Center for Innovative Growth in Zhongguancun, Beijing
On May 24, 2018, the Small and medium Businesses Corporation signed an MOU with Zhongguancun Inno Way for “cooperation between small and medium venture companies in Korea and China." The two organizations have decided to work together to ensure successful growth of small and medium venture companies, including the establishment of Korea Innovation Growth Support Center. China`s Silicon Valley is the birthplace of Baidu (China`s largest Internet portal), and Xiaomi and other global companies. For systematic and effective implementation of the agreement, the two agencies plan to develop detailed implementation plans with business incubator of SBC in Beijing as a cooperative window.