image thumb30 Kai Fu Lee hasn’t left Google China for a vacation.. will start an incubator…

Reports are finally confirmed that Kai Fu Lee is leaving Google China and will initiate Innovation Works. What is it? A cusp of a development lab, an investment firm and an incubator. Sounds great as it will open doors to around 150 engineers and innovative people from China and over the years end have them flying with their ideas put to practicality with funding from Innovation Works. There has been quite a lot in other regions when it comes to incubators but taking the step in China is going to bring out vast talent and innovative ideas. This adds to the huge market China has, which makes investment in startups more profitable at least on paper and is bound to bring the much needed maturity in entrepreneurship and Web startups in the region.