Magnet for the service providers

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Magnet for the service providers
An inventor wears a self-made high-tech helmet at a startup fair in Shenzhen in June 2015. [Photo/China Daily]

Flourishing startups and entrepreneurialism in Shenzhen have attracted international resources to the city.

It is becoming a destination to realize foreign makers' ideas and a rising market for new economy's service providers of the world.

Pierre Martin, economic counselor at the French Consulate in Guangzhou, capital of Guangdong province, said many French startups had come to Shenzhen for a very specific phase of their development.

He said: "They already have the idea and come here to develop a prototype in three to six months."

In October, the French Tech Hub, a worldwide network initiated by the French government to offer talent and resources service for French entrepreneurs, was set up in Shenzhen.

So far, the hub has attracted more than 40 members and it has been growing in the past few months, said Martin.

Besides Shenzhen's strength in manufacturing power, the proximity of Hong Kong is another key asset, he continued, adding the French Tech Hubs in Shenzhen and Hong Kong complement each other.

He said: "Shenzhen excels in hardware development and access to the Chinese market, while Hong Kong is for financial investment and marketing."

Their proximity is also the motivation for Shenzhen to join the global innovation sectors.

In 2010 the world's largest hardware incubator HAX Accelerator established an office in Huaqiang North, where makers or inventors can find various electronic gadgets at a fair price.

So far it has incubated more than 100 startups and about 90 percent are international teams.

About half of Shenzhen's foreigners are makers, Shirley Feng, founder of the Sino-Finnish Design Park, spoke from her experience.

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