Impossible Made Inevitable - 2018 SOSV Skydive Summit
Sanya, China, December 15th, 2018 - Strongly supported by Hainan Government, SOSV Skydive Summit 2018 was concluded successfully in Sanya on December 15th. It is the first time for Skydive to be held in Asia by Chinaccelerator and STATA accelerator. Thanks to being part of the Hainan “Internet Plus” Innovation and Entrepreneurship Festival, the conference has become the largest Skydive in the history with over 500 attendees from 25 different countries and cities.
Skydive, an annual global community gathering for SOSV, starts from the US in 2015. It houses all SOSV accelerators and their communities, including investors, startup founders, industry experts, and partners, under one roof, allowing them to deliver the actionable insights across different industries and propel the global innovation engine.
This one-day conference featured the world-class keynotes, panels and pitches from senior Hainan government officials, local fund representatives, accelerator partners and directors, investors and startups. Topics are but not limited to investment trends and development in hardware, Biotech, Internet, and mobile industries worldwide.
Sean O’Sullivan, Founder and Managing Partner of SOSV, shared his story about how SOSV was founded in 1995 and how he transitioned it from a personal investment vehicle into a global organization, running 6 accelerators in the world and having over 90 staff supporting investments in over 150 new startups every year. Yan Zhou, Founder at Asia Pacific Financial (Fund) Town introduced Fund Policy and investment environment in Hainan. SOSV accelerator partners and local representatives had a fireside chat on the challenges in driving the innovation and entrepreneurship. Benjamin Qiu, Partner at Loeb & Loeb, gave a talk about IP protection in China.
Besides, 18 startups pitched on the stage and received feedback from investors and startup mentors. They were from Social Media, Artificial Intelligence, FinTech, E-Sports, Music, Coffee, Healthcare, InsurTech, and many other industries.
Chinaccelerator, the first accelerator to launch in China and the best global partner for Chinese & International startups, is dedicated to leveling the playfield by providing the unfair advantages with startups and playing an important role in driving the innovation and collaboration in the startup and investment ecosystem.
SOSV funds over 150 startups per year through its accelerator programs focused on five key areas: HAX (Hardware and connected devices, Shenzhen), IndieBio (Synthetic Biology, San Francisco), Chinaccelerator (Software, Shanghai), Food-X (Food business, New York City), and MOX (Mobile apps, Taipei). Now a global fund with $525M assets under management, SOSV's net IRR over the last 20 years puts it in the top 5% of all venture funds worldwide.
Chinaccelerator, the first startup accelerator to launch in China, is a mentorship-driven program helping internet startups from around the world cross borders - from the world into China and from China to the world. It is operated by the venture fund SOSV with $525M AUM operating six global accelerators. Chinaccelerator offers three months of rigorous guidance, training and resources from mentors, partners and investors. The robust and supportive alumni network continues beyond the Chinaccelerator program.
STATA is an international accelerator and technology transformation center located in the Beautiful “Eastern Paradise” Yalong Bay, Sanya. We are partnering with SOSV Chinaccelerator, and fully sponsored/endorsed by the Sanya City & Hainan Provincial Government to introduce global science, culture, technology and tourism solution to Hainan, and help Hainan to create into a “Resort-style Co-Learning Co-Living & Co-Working Spaces” for digital talents from around the world, so that Sanya become an international harbor of innovation, entrepreneurship, technology transformation, and talents cultivation.
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