BEIJING, Nov. 24 -- One industry's difficulties could be a gold mine for another - and the International Center for Small and Medium Enterprises plans to help identify those opportunities.

The foreign-invested firm started operations in Shanghai this week, helping smaller overseas companies to launch their businesses in China.

ICSME is among the growing number of foreign-founded incubators in China to challenge domestic peers, usually dominated by government departments and banks.

"SMEs have a lot of specific and deep knowledge, but may not have made the leap into China," said Alp Altun, managing director of ICSME. "They can bring broad distribution of high value and high-tech to grow China's economy to a higher level, in addition to bigger companies."

ICSME Shanghai was the first foreign enterprise incubator in Shibei Industrial Park in downtown Shanghai, opening paths for European and American SMEs to pioneer business in China.

Altun said that...

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