Amazon establishes Chongqing incubation center

Amazon AWS recently opened an incubation center in Chongqing’s Liangjiang New Area, liangjiang.gov.cn reported.

Chongqing Amazon AWS incubator is a the joint effort between Amazon AWS, a leading cloud computing provider, Chongqing Foreign Trade Economic Commission, and Chongqing Dadukou district. It’s Amazon’s third such incubator in China and the first in Central China.

CEO Rong Yongkang noted that the company aims to work on innovation and technology by making full use of the company’s partnerships and cloud computing edge.

The incubator will provide cloud computing and technology training to bridge the gaps between start-ups and venture capital.

The incubator will provide up to 100,000 yuan ($15,443) to help enterprises with product development. Companies that plan to sell products overseas will get another $18,000. The incubator will also provide laboratories for companies to train their new employees.

At the same time, a road show was also held, with 19 projects standing out after rounds of competition among over 100 start-up companies.