Who is UCIA?
The U.S.-China Innovation Alliance (UCIA) is a non-profit 501(c)(3) tax-exempt organization that promotes innovation through the exchange of ideas and collaboration between the United States and China. We organize the annual U.S.-China Innovation and Investment Summit (UCIS) in Houston, which provides a unique opportunity for innovative technology startups to connect with investors, strategic partners, leading incubators/accelerators, and professional services firms from China. It is an excellent platform for technology companies to leverage significant resources from China to accelerate their growth and to expand their market potential. In 2017, we launched the InnoSTARS Competition, which allows growth-stage technology companies in five core industry areas to compete for the chance to win attendance to UCIS, as well as an all-expenses-paid roadshow to China, where they will have an opportunity to showcase their business and products to a wide audience of qualified potential investors and relevant partners.
Connecting American Innovation with Chinese Market Resources
The two greatest powers in the world today are the United States and China. The United States has led the world over the past century as the undisputed center of global innovation and has built a service-oriented economy which plays host to the largest consumer market in the world. China, by contrast, has pursued a development path founded on a strong production base enjoying unprecedented economies of scale and a national savings rate that is the highest amongst large countries. Economic rebalancing is now taking place between these two global giants. American companies are seeking new capital partners and new markets after the global economic slowdown has slowed domestic consumer spending. Chinese companies have seen shrinking output from their production base due to the same pullback by global consumers and are now hoarding cash in lieu of investing in any further capital expenditures. Furthermore, many Chinese firms are now seeking to move up the value chain by introducing more advanced methods of production or more service-oriented business models. There is a historic opportunity to create a net positive outcome for both the United States and China by combining American innovation with Chinese financial and market resources. UCIA is dedicated to making this potential a reality.