The Israel-China love affair is taking a new step. The China-Israel Accelerator Project, an innovative industrial carrier jointly established by Zhuhai City and Israel in cooperation with Israel, was formally launched on July 1st in Zhuhai, Guangdong.
It was jointly established by the Huafa Group and Israel’s Infiniti Group, and is committed to creating an innovative resource allocation platform and industrial agglomeration platform with global influence. It will add a new engine for innovative development in Zhuhai. The total investment of this project is about RMB 2 billion. It is located in the Zhuhai Smart Industrial Park, covers an area of approximately 74,000 square meters, and has a total construction area of approximately 300,000 square meters. It is expected to be completed and put into operation in the first half of 2020.
After the completion of the project, the China-Israel Accelerator will focus on the new technology and new model, promoting the innovative Israel projects to land in Zhuhai. Israel will be looking for strategic partners such as accelerators, incubators, and industrial parks. It will use accelerators as its carrier to bring in a series of industrial park incubator projects in Israel. All the efforts will help this community to become the cradle of high tech transfer with a blanket of resources meeting the varies demands of entrepreneurs in different stages including factories, research institutes, offices and labor forces etc..
The attempts of China and Israel made in the innovation field
The project is an important achievement reached during the 3rd China-Israel Investment Summit, which is becoming a big event to deepen the technology and commercial cooperation. On the July 2rd to July 3nd, the Innovation China-Israel Investment Summit was held for the fourth time, where Israeli tech companies and startups meet with Chinese investors in Zhuhai.
Israel is a country with extraordinary talent abilities in innovation.
The population of Israel is 8.45 million in 2018, only comprising about 0.11% of the world’s population. As of 2017, 892 individuals have been awarded by Nobel Prizes, of whom 201 or 22.5% were Jews. The Israeli Nobel laureates is 12,which is 6 times more than that in China. Facing the lack of water and the threaten of war, the country is shining for the light of smart. It puts lot of efforts into the innovation, of which the GDP growth rate in 2016 maintained at 4%, ranking the 16th place in the world. In the second quarter of 2017, Israeli high-tech capital raising reached $1.26 billion, attracted by 157 companies.
Israel is attracting the Chinese investors for its technology advantage.
Israel is competitive for its technology innovations, which attracts the Chinese investors. The investments by Chinese companies in Israel rose tenfold to a record $16.5 billion in 2016, with many of the key investments going into internet, cyber-security and medical startups. The total investment amounts in Israel high-tech companies raised from Chinese investors account nearly the same as that from local VC.
