IncubatorNational-level Science and Technology Business Incubator
The startup scene in China
Startup Genome’s 2025 ranking placed Hangzhou 23rd globally, 13 positions higher than in 2024. The publisher estimates Hangzhou ecosystem value at $78 billion and reports $1.9 billion in Seed and Series A funding for Hangzhou tech startups over H2 2023–2025; it reports ecosystem exits totaling $37 billion for 2021–2025. These are Startup Genome measures for its defined Hangzhou ecosystem.
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Startup Genome’s 2025 ranking placed Hangzhou 23rd globally, 13 positions higher than in 2024. The publisher estimates Hangzhou ecosystem value at $78 billion and reports $1.9 billion in Seed and Series A funding for Hangzhou tech startups over H2 2023–2025; it reports ecosystem exits totaling $37 billion for 2021–2025. These are Startup Genome measures for its defined Hangzhou ecosystem.
CKGSB reports that DeepSeek was founded by Liang Wenfeng in 2023 and works on large language models and foundational AI systems. It reports that Unitree Robotics was established in 2016 and produces quadruped and humanoid robots, and that Game Science was founded in 2014 and produced Black Myth: Wukong, which CKGSB describes as a commercial and critical success.
Zhejiang University’s official navigation lists its Technology Transfer Network, University Science Park, and Zijin Innovation Hub. Science and Technology Daily reports that Zhejiang Province had 117 provincial-level new research institutions by December 31, 2024; this is a province-wide figure, not a Hangzhou city count.
Startup ecosystem standing
Where Hangzhou ranks
| Ranking | Edition | Position | Since last edition | Trust | What it measures |
|---|---|---|---|---|---|
 Global Innovation Index: Innovation Cluster Ranking (formerly Science and Technology Clusters) | 2026 | #13 | No change | B | Innovation, Research, Activity |
 Global Startup Ecosystem Report (GSER) | GSER 2026 | #28 | Down 5 | C | Ecosystem, Performance, Finance, Talent, Innovation |
 Global Startup Ecosystem Index (cities) | 2025 | #29 | No prior edition | B | Ecosystem, Activity, Finance, Business Climate |
 Global Financial Centres Index | GFCI 40 | #59 | No prior edition | B | Finance, Competitiveness, Business Climate |
5 organizations with a profile
Who's based in Hangzhou
Incubators 2
Incubator
IncubatorEmpowering healthcare startups for a better future.
Investors 2
InvestorEmpowering youth-driven innovation through hackathons.
InvestorEmpowering high-tech enterprises in China.
Accelerators 1
AcceleratorAccelerating foreign startups in China.
Based here, most-ranked first
Universities in Hangzhou
UniversityListed in 6 rankings
UniversityListed in 1 ranking
UniversityListed in 1 ranking
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Your way in
Raising in Hangzhou
Investors based here, and the programs that take teams at your stage.
Get investor introsFinding startups in Hangzhou
Accelerators and incubators here see the earliest teams first.
Get startups that fitScouting in Hangzhou
Campuses and communities are where teams form before anyone funds them.
Start scoutingFrom public sources
What the sources say about Hangzhou
Science and Technology Daily reports Zhejiang had 47,500 national high-tech enterprises, third nationally, at end-2024.
Source: Zhejiang's Path to Independent InnovationScience and Technology Daily reports 117 provincial-level new research institutions in Zhejiang by end-2024.
Source: Zhejiang's Path to Independent InnovationZhejiang University's official navigation links to three commercialization-related channels.
Source: Zhejiang University EngagementCKGSB reports Game Science's 2014 founding and the commercial and critical success of Black Myth: Wukong.
Source: Six Little Dragons: Are Hangzhou’s tech startups changing the game?CKGSB identifies Unitree's quadruped and humanoid products and reports its establishment in 2016.
Source: Six Little Dragons: Are Hangzhou’s tech startups changing the game?CKGSB reports DeepSeek's 2023 founding by Liang Wenfeng and its foundational AI/model work.
Source: Six Little Dragons: Are Hangzhou’s tech startups changing the game?
Questions about Hangzhou
How does Hangzhou rank as a startup ecosystem?
Hangzhou is #29 of 1,473 in StartupBlink Index (cities) (2025). It appears in 4 published rankings; the table above lists each one.
How many startup investors are based in Hangzhou?
2 investors based in Hangzhou have a profile here, including AdventureX and Bojiang Capital. The real number is higher.
Are there accelerators or incubators in Hangzhou?
Yes. Hangzhou has 1 accelerator and 2 incubators on record, including nihub Innovation Center and Crejoy Plus.
Which universities are in Hangzhou?
3 universities have a profile: Zhejiang University, Westlake University and Zhejiang University of Technology.
Geographic proximity
Nearby cities to Hangzhou
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