New innovation supports add to city’s dynamism
Zhuhai is seeing more innovation support facilities being added to the map — additions that will strongly support the port city’s industrial and upgrade plans.
The China-Israel Technology Innovation Intellectual Property Exchange Platform and Zhuhai’s China-Israel Innovation-Driven Enterprises Alliance were launched in Zhuhai on Monday, during the 4th China-Israel Investment Summit.
The initiative, which was developed and is being operated in the city by Hengqin International Intellectual Property Exchange Center Co Ltd, a subsidiary of Huafa Group, focuses on promoting IP asset deals and technology transfers.
The company runs an international IP rights exchange housed in a building located in Hengqin Free Trade Zone in Zhuhai, only a short distance away from Hong Kong and Macao. Opened in 2016, it became a groundbreaking national trading platform for IP exchanges. Hengqin’s trading platform serves as a global ‘bazaar,’ where patent owners find suitable buyers and companies can buy the right patents to help with their development.
“We want to develop a comprehensive service platform (in Zhuhai) that can provide a wide range of services such as legal services,” said Xia Dexin, chairman of Hengqin International Intellectual Property Exchange Center.
Xia said the center will also help foreign businesses to better protect their IP rights.
The second new initiative — the Zhuhai’s China-Israel Innovation-Driven Enterprises Alliance — was formed by 35 companies in Zhuhai, including leading home appliance developer and producer Gree Electric Appliances of Zhuhai. The alliance was established to promote high-quality economic development in the city, according to local media.
In addition to the commitment, a business accelerator project, named the China-Israel Accelerator, jointly invested in by China’s Huafa Group and Israel’s Infinity Group, celebrated its inauguration on July 1 in Zhuhai. The project, which covers 74,000 square meters, will involve a total investment of around 2 billion yuan ($30 million).