Shenzhen-based Ingdan.com provides hardware support to South Korean tech start-ups
Agreement with Seoul’s N15 start-up accelerator will help small companies connect with Chinese manufacturers
More South Korean technology start-ups are being enticed to develop their hardware products with mainland China’s vast contract electronics manufacturing services sector under an ambitious initiative by Shenzhen-based Ingdan.com.
Backed by Hong Kong-listed Cogobuy, Ingdan.com has signed an agreement with major start-up accelerator N15 in Seoul to help connect small hardware-focused technology companies from Korea to Chinese manufacturers.
Wang Gang, a spokesman for Ingdan.com, said more than dozen small and medium-sized technology companies from South Korea had linked up with mainland contract electronics manufacturers through the Ingdan online platform before the deal with N15.
Some of the projects included the manufacture of so-called intelligent toys, human traffic monitoring devices and commercial unmanned aerial vehicles, popularly known as drones.
It’s not easy for overseas start-ups to turn their ideas into products on the mainland and sell these in the domestic market
Wang said that “one of these start-ups has closed their initial round of corporate financing in Seoul”, presumably helped by having a prototype of their product built by Chinese contractors.
Ingdan.com was established in 2013 by Cogobuy to provide a one-stop supply chain platform that links technology start-ups and entrepreneurs with contract electronics manufacturing partners in mainland China to help design and build their products for the global market.