“Angel investors like us have stepped up.”
10/19/2015 08:52 AM EDT
MADISON, Wis. — In a global quest for “More-than-Moore” innovations, the Shanghai Industrial Technology Research Institute (SITRI) has come to Silicon Valley to open a hardware accelerator in Belmont, Calif.
The Chinese research institute designed, built and recently opened an incubator, called SITRI Innovations, to support hardware entrepreneurs who are developing and commercializing “More-than-Moore” devices.
This SITRI initiative isn’t just about China wanting to pick Silicon Valley’s brains. Among the promoters of SITRI Innovations is Kurt Petersen, largely known to the industry as the father of MEMS and now on the SITRI advisory board. His big idea is to leverage SITRI to re-ignite VCs’ investment in hardware.
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