Chi­nese in­vestors keen on tech park

Financial Mirror (Cyprus) - - FRONT PAGE -

Cyprus aims to at­tract Chi­nese high tech giants to in­vest in the first science and tech­nol­ogy park in Pen­takomo, near Li­mas­sol, while the two coun­tries are work­ing to pro­mote the ba­sis for bi­lat­eral co­op­er­a­tion be­tween univer­si­ties, aca­demic in­sti­tu­tions and com­pa­nies.

The Energy and Trade Min­is­ter Gior­gos Lakkotrypis and the Chi­nese Min­is­ter of Science and Tech­nol­ogy Wan Gang signed a bi­lat­eral agree­ment to jointly pro­mote in­no­va­tion, science and re­search.

In state­ments af­ter the sign­ing in Nicosia, Lakkotrypis said that the aim is to en­hance re­la­tions and make it eas­ier for re­searchers, univer­si­ties and aca­demic in­sti­tu­tions to col­lab­o­rate and pro­mote in­no­va­tion.

He also un­der­lined that the agree­ment “comes for Cyprus at a very good mo­ment, when the gov­ern­ment is get­ting ready to pub­lish the ten­der for the cre­ation of a science and tech­nol­ogy park.”

The ten­der for the first park in Pen­takomo is ex­pected to be an­nounced soon, af­ter the nec­es­sary le­gal screen­ing is com­pleted by the Law Of­fice of the Re­pub­lic.

Lakkotrypis said the agree­ment can help Cyprus draw best prac­tices from China, which is al­ready man­ag­ing 120 tech­nol­ogy parks, and pro­mote po­ten­tial Chi­nese in­volve­ment.

Wan Gang noted that with Lakkotrypis, they con­firmed the pri­or­i­ties of bi­lat­eral col­lab­o­ra­tion in the field of high-tech­nol­ogy and new-tech­nol­ogy parks.

The em­pha­sis is on tech­nol­ogy parks, as well as on po­ten­tial col­lab­o­ra­tion be­tween univer­si­ties, re­search in­sti­tute and com­pa­nies, Wan Gang said, not­ing that their find­ings must be trans­lated into prac­ti­cal pro­duc­tiv­ity. Pri­or­i­ties in­clude clean energy, re­new­able energy, ICT, biotech­nol­ogy and nan­otech­nol­ogy, the Chi­nese Min­is­ter said.

He added that later this year, the first China-Cyprus science, tech­nol­ogy and in­no­va­tion com­mis­sion meet­ing will be held in Bei­jing.

Wan Gang also noted the co-fund­ing mech­a­nism China has es­tab­lished with the EU and in­vited univer­si­ties from China, Cyprus and other EU mem­ber states to ben­e­fit from it.

Cyprus has avail­able fund­ing of EUR 30 mln for the 2014-2020 pe­riod from the joint China-EU fund, that may be di­rected to com­mon re­search projects.

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