|Description||Technology Incubator & Early Stage VC|
|Fund I, 8/11||$180M|
|Fund II, 9/12||$224M|
|Founding fund, 9/09||$115M|
Innovation Works (IW) is China’s premier incubator for tech start-ups, based in Beijing and in Shanghai. It was set-up in September 2009 by Dr. Lee Kai-Fu, in conjunction with Innovation Works Development Fund (IWDF), IW’s captive early stage venture capital fund, co-managed with WI Harper Group.
IW has only one purpose in mind: to invest in the most promising technology teams in China, in the booming consumer internet, mobile internet and cloud computing sectors. The majority of IW’s portfolio companies are incubated in-house, led by some of the most talented young entrepreneurs in China. As a result, IWDF differs from its peers by being a captive, very focused and truly early stage fund.