Wednesday, December 31, 2014

Shanghai To Establish An Innovation Centre for Israeli Companies

Hongkou District today established a science and technology center in the Dabaishu area that includes an incubation center to help more Israeli companies invest in Shanghai. The Dabaishu Science and Technology Innovative Center includes laboratories studying energy dissipation and industrial bacteria strains in cooperation with universities like Fudan and Tongji.

It will also offer supporting services in the fields of intellectual property and risk assessment to institutes and companies based in the center, the district science and technology commission said. Haifa, Israel, signed an agreement with the center to establish the Hicenter to help high-tech companies from the country invest in Shanghai.

Arnon Perlman, consul general of Israel in Shanghai, said the Hicenter would work two ways. It will allow Israeli companies to get a foothold in China while also allowing Chinese firms to apply to enter Israel, he said. Perlman said Israeli companies investing in Shanghai mainly focus on hi-tech, medicine, water treatment, the environment and agriculture. The commission built an apartment building beside the center on Handan Road to accommodate experts from outside the city and abroad.

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