China-Canada tech in­no­va­tions find new paths

China Daily (Canada) - - FRONT PAGE - By WANG RU in Bei­jing

As China en­cour­ages en­trepreneur­ship and in­no­va­tion, Canada’s in­no­va­tive sec­tors are start­ing to seize on the op­por­tu­nity to en­ter the boom­ing mar­ket.

Dur­ing the re­cent 2015 China (Bei­jing) In­ter­na­tional Tech­nol­ogy Trans­fer Con­ven­tion (Chi­naITTC), the an­nual event that bridges tech­nol­ogy co­op­er­a­tion and trans­fer be­tween China and the world, in­no­va­tors and in­vestors from China and Canada gath­ered in a par­al­lel ses­sion to dis­cuss the po­ten­tial op­por­tu­ni­ties.

Canadian com­pa­nies and re­search in­sti­tutes brought over 90 tech­nolo­gies in­clud­ing bio­med­i­cine, new ma­te­rial, telecom­mu­ni­ca­tion and clean tech­nol­ogy.

Chi­naITTC is one of the pri­mary plat­forms hosts in China to connect China and over­seas high-tech com­pa­nies and re­search in­sti­tutes to co­op­er­ate and serve in the Chi­nese mar­ket.

Over 40 coun­tries and re­gions sent del­e­ga­tions to at­tend this year’s Chi­naITTC. It was re­ported that about 300 high-tech projects were reached this year.

“Canada and China have formed a com­ple­men­tary re­la­tion­ship in many fields of tech­nol­ogy co­op­er­a­tion in­clud­ing mar­ket, fi­nanc­ing and high-tech in­dus­tri­al­iza­tion,” said Song Yi­jun, the coun­selor of the On­tario of­fice of the Canadian em­bassy.

Rep­re­sen­ta­tives from the Chi­nese and Canadian gov­ern­ments, in­vestors and re­search in­sti­tutes joined the event to share their ideas to con­tinue the tech­no­log­i­cal co­op­er­a­tion be­tween the two coun­tries.

Stu­art Browne, CEO of Py­cap Ven­ture Part­ners of Canada, em­pha­sized the op­por­tu­ni­ties for Chi­nese in­vest­ment in Canadian tech­nolo­gies. Pro­fes­sor Mo­hini M. Sain, on the forestry fac­ulty at the Uni­ver­sity of Toronto, talked about in­no­va­tion and tal­ent nur­tur­ing in sus­tain­able Bio-Nano econ­omy.

China Canada An­gels Al­liance (CCAA), a new chan­nel to boost the bi­lat­eral co­op­er­a­tion, was launched and in­tro­duced in the event.

CCAA is an in­vest­ment fleet that has 20 listed com­pa­nies in­clud­ing China gi­ant In­ter­net com­pany Sohu and five funds which al­lied to fo­cus on in­vest­ing in Canadian high-tech com­pa­nies and help them find Chi­nese part­ners.

“China will have nearly twice the num­ber of In­ter­net users as the US and Ja­pan; it is im­por­tant for the global smart­phone and In­ter­net tech­nolo­gies com­pa­nies,” said Randall Howard, a vet­eran Canadian an­gel in­vestor.

Be­sides the IT tech­nolo­gies, co­op­er­a­tion be­tween the two coun­tries hinges on the chal­lenges that China is fac­ing, such as en­vi­ron­ment and public health.

China’s first mu­nic­i­pal run­ning wa­ter UV dis­in­fec­tion treat­ment plant in Tian­jin adapted the tech­nol­ogy from the co­op­er­a­tion be­tween the two par­ties.

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