Green Throttle Games was co-founded by Charles Huang, co-creator of the legendary Guitar Hero video game franchise, and mobile industry veterans Matt Crowley, former Palm and Nokia product lead, and Karl Townsend, lead engineer for the first two generations of the Palm Pilot.

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Mr. CHARLES HUANG (Co-Founder, Red Octane): People think of it as a guitar game, but what it is it's really about this fantasy of being a rock star.

NPR: 'Guitar Hero' Game Earns a Following

The surprise announcement was made by NVIDIA CEO and co-founder Jen-Hsun Huang during his keynote address at the NVIDIA Game Festival in Shanghai, which is being attended by more than 6, 000 gamers from across China.

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WifiSLAM has a handful of employees, and its co-founders include former Google software engineering intern Joseph Huang.

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Like Y-Combinator, TechStars and other U.S. incubators, Innovation Works attracts top entrepreneurs and engineering talent with seed funding, office space and high-profile mentoring from the likes of Yahoo co-founder Jerry Yang and Guitar Hero founders Kai and Charles Huang.

FORBES: Ron Conway, Yuri Milner, Accel and Sequoia Jump To Invest In Chinese Incubator