Xu Yanling, an investment manager at Xinzhongliang Investment, also cited a lack of funding as one of the biggest problems for startups in the sector. According to her, there are currently more than 1,000 entrepreneurial projects in town that focus on smart devices such as virtual-reality glasses and domestic robots. But only dozens have successfully found investors and entered the market.
As Shanghai has attached growing importance to high-tech and smart manufacturing, investors are showing rising interest in such projects. But according to Ding Linsheng, Investment Vice President of Share Capital, successful companies will need more than high-tech skills