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A DREAM BEING REALIZED

 
 
 

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INNOVATION WORKS  

2009-10-17 22:05:57|  分类: 动力英语 |  标签: |举报 |字号 订阅

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Our Mission

One good idea has the potential to change everything.

It just needs someone to make it happen.

Innovation Works will pro-actively collect, analyze, and prioritize projects in Internet, mobile computing, and cloud computing targeted at the Greater China market, and build "dream teams" to execute on the most promising ideas.

 

The Chinese entrepreneurial environment is still in its formative stage, with significant barriers for the early-stage entrepreneur: the lack of management experience and coaching, the reluctance of venture capitalists to invest in companies in the formation stage, and the lack of networking and experience to pull a company together. These barriers all contribute to a dearth of high-tech start-ups in China. Innovation Works is matching entrepreneurs, engineers, ideas, and capital with a unique business model that improves success rates and speeds time-to-market.

 

Innovation Works will be the de-facto institution for launching the most promising technology ideas in China. Through the rigorous development and testing of prototypes, and identification of a 'founding executive' to lead the venture, Innovation Works will provide capital, manpower, legal, financial and IT support. Our commitment is to mentoring and supporting the next-generation of Chinese entrepreneurs so that they can focus on building great products without distraction.

 

Innovation Works, a business creation platform focused on establishing the next wave of Chinese high-technology companies founded by Dr. Kai-Fu Lee, launched in September 2009.

 

Led by Dr.Lee, Innovation Works will concentrate on Internet, mobile Internet, and cloud computing technology advancements targeted at the Greater China market, and build "dream teams" to collect, analyze, prioritize and execute on the most promising ideas. Innovation Works will accelerate an entrepreneur's ability to prove ideas, obtain additional external funding, and then spin-off into an independent company.

 

Dr. Kai-Fu Lee founded Innovation Works in September 2009. Innovation Works incubates new Chinese high-tech companies and mentor next-generation Chinese entrepreneurs. It is focused on Internet, Mobile Internet, and cloud computing. Every year Innovation Works will prototype some 20 new ideas, aiming to spin off 3-5 independent companies.

Prior to starting Innovation Works, Dr. Lee was a Google Vice President and the President of Google Greater China. During his tenure at Google, Dr. Lee built up a 700-person organization with many successes. Google China's market share nearly doubled from 16.1% in 2006 to 31.0% in 2009 (data from Analyses International). Google Map, Google Mobile Map, Google Mobile Search and Google Translate have all become #1 in the China market in 2009.

Prior to joining Google, Dr. Lee spent seven years at Microsoft. His last job was Corporate Vice President at Microsoft. His team developed several server products, and key technologies shipped in Office and Windows (such as speech, natural language, and assistance technologies). Before his promotion to VP, he founded Microsoft Research Asia, one of the world's top research labs. MIT Technology Review calls this research lab "the hottest computer science laboratory".

From 1996 to 1998, Dr. Lee was Vice President and General Manager at SGI, where his team developed a $200 million line of web servers. He was also the President of Cosmo Software, which developed cross-platform 3D and multimedia software products.

Before joining SGI, Dr. Lee spent six years at Apple, where he became the Vice President of its Interactive Media Group, one of the pioneering groups in multimedia in the world. This team developed QuickTime, QuickDraw 3D, QuickTime VR, and PlainTalk.

Dr. Lee was an Assistant Professor from 1988 to 1990 at Carnegie Mellon, where he received his Ph.D.. His Ph.D. thesis was the world's first speaker-independent continuous speech-recognition system. This system was selected as the "Most Important Innovation of 1988" by BusinessWeek. During this period, he also developed an Othello-playing program that won the world championship and also defeated the human champion.

Dr. Lee is the author of three best-selling books in China, and has given speeches to about half a million students in China. Dr. Lee is a Fellow of the Institute of Electrical and Electronics Engineers (IEEE) and Vice Chairman of the Committee of 100, an elite group of Chinese Americans. 


Innovation Works will be funded with $115 million from an elite group of venture capital groups and investors including Steve Chen (Co-Founder of YouTube), Foxconn Technology Group, Legend Group and New Oriental Education & Technology Group. WI Harper Group is the lead venture capital investor.

INNOVATION WORKS - POWER ENGLISH - Power-English的博客

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