Ten startups showcase their latest technologies in fields such as Internet of Things, big data, cloud computing, artificial intelligence, mediated reality, and augmented reality in Shanghai's Zhangjiang area on Jan 10. [Photo/WeChat account: zjpark]

Ten startups showcased their latest technologies in fields such as Internet of Things, big data, cloud computing, artificial intelligence, mediated reality, and augmented reality in Shanghai's Zhangjiang area on Jan 10.

The startups were attendees of the DemoDay themed "Unlimited Innovation – Unity of Cloud, IoT and AI" launched by Kongfu International Startups Incubator, a member of the Microsoft Cloud and Mobile Technology Incubation Program.

Their presentations received recognition from the audience and convinced the audience that their innovations will drive the development of their industries.

In addition to the startups, the event also witnessed the presence of hundreds of tech enthusiasts, investors, leading enterprises and mainstream media.

Wei Qing, National Technology Officer at Microsoft China, shared Microsoft's efforts to change people's life quality via technology in recent years.

Other attendees including Zhou Jian, managing director and CEO of Microsoft Accelerator, Fang Yuan, partner of Tsing Capital, and Zhuang Wenlei, strategic investment officer of Tencent Cloud, discussed the current status, development and future trend of industrial technological innovation.

Kongfu International Startups Incubator, a joint effort of the administrative committee of Zhangjiang High Tech Park, Microsoft China, and SENSORO, started its trial operation in October 2016 and has since been dedicated to nurturing “unicorn companies” (a startup with an estimated market value of over $1 billion) in fields of IoT, big data, and artificial intelligence.

So far, 35 related startups have moved in the incubator and they have received total investment of 442 million yuan ($68.41 million).

Xu Liya, co-founder of Kongfu incubator, stated that the incubator, serving as a platform integrating various social resources, will generate new models and opportunities when it cooperates with different types of resources.

Currently, Kongfu has forged partnerships with more than 20 multinationals, foreign consulates, and overseas incubators, aiming to help Chinese startups go global and help overseas startups develop in China.

Microsoft Cloud and Mobile Technology Incubation Program is a cooperation between Microsoft, Shanghai Zhangjiang government and incubator operator. The program is intended to build a platform for cloud and mobile technology incubation, to offer technical training and demonstration, to provide startups with public service and to construct a cooperative program of Public Cloud.