China and Israel to strengthen joint innovation with new Shanghai hub
Israeli Missions Around The World Shanghai News and Events China and Israel to strengthen joint innovation with new Shanghai hub

Promotion Meeting for China-Israel Innovation Hub

  •   Dr. Eyal Propper attended the China-Israel Innovation Hub(Shanghai) Promotion meeting
  • 5/26/2019
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    Mr. Wang Zhigang, Chinese Minister of MOST, Mr. Zvi Heifetz, Ambassador of Israel in China, Dr. Eyal Propper, the Consul General of Israel in Shanghai, Mr. Ying Yong, Mayor of Shanghai Municipal People's Government and leaders from Putuo District at​tended the event. Representatives from both sides participated in a signing ceremony honoring the 10 enterprises and cooperation entities that have agreed to join hands to advance innovation.

    The hub development signals an important step in innovation cooperation between the two countries, said China’s Minister of Science and Technology, Wang Zhigang.

    Wang Zhigang explained that the hub would boost scientific and technological achievements, secure financial capital, and attract top talents to enjoy the fruits of innovation, benefit the people of both nations, and set an example for global innovation cooperation.

    Scientists and engineers worldwide were welcomed to work, invest, and start businesses in China, and together helped build a global innovation network for mutual benefits, Wang also noted.

    Israeli Ambassador to China Zvi Heifetz said his country was well-known for innovation and that both sides complement each other in many fields.

    “The hub represents the friendship between the two, and brings new development opportunities for Israel and China,” Heifetz said.

    Dr. Eyal Propper said that China-Israel had good relations for long time. I sincerely hoped that the China- Israel Innovation hub (shanghai) would develop well in the future, and more Israeli companies would join it.

    ​Shanghai Mayor Ying Yong said the city would join hands with Israel to build an innovation-friendly, work-friendly, and living-friendly hub.

    The hub will aim at attracting universities, research institutions, and enterprises to come to Shanghai and participate with innovation efforts.

    Shanghai’s municipal and district governments will implement support policies tailored to the innovation center, and work with relevant IP entities from Israel to develop global IP services.

    A Shanghai-Israel innovation fund will be established with a 1 billion yuan investment for the first phase, with 200 million yuan to be used for start-up support.

    The China-Israel Innovation and Entrepreneurship Contest, which has been held twice, plans to stage the final round of competition at the innovation hub.

     

     

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