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news
Business incubator established in China
Isis Innovation, the technology transfer company of the University of Oxford, has created a business incubator for foreign companies keen to establish a presence in China. The new 100,000 sq ft technology business incubator, Jinhui International Technology Transfer Centre, will accommodate up to 100 high- technology companies working in fields such as automotive components, materials, agriculture, industrial automation and software.
The centre provides a complete range of global-standard business
incubator services including business setup, recruitment, fundraising, company acceleration and government grant support. In partnership with European collaborators, the incubator will provide industrial design and product prototyping facilities that are unique in China.
Isis formed the Guangxi Liuzhou Jinhui International Science and Technology Company, which manages the business technology incubator, in June this year. Jinhui is the second joint venture company established by Isis in China.
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In order to sustain Chinese economic growth, the national government, in its 12th five- year plan, announced an emphasis on importing leading innovations and talented start-up teams. Schemes, such as the National 1,000 Talents Programme, have been established to provide funding support for both Chinese and foreign nationals looking to start companies. Numerous local, regional and national support schemes have enabled Chinese companies to access overseas experts and import technologies. In addition, Chinese entrepreneurs are encouraged to search for foreign investments opportunities that will improve their portfolio of products.
Liuzhou, with a population of
3.71 million, is home to 3,000 companies including a number of joint ventures created by industrial giants such as General Motors, Nissan and Renault.
Dr Hongzhi Wang, director of Jinhui, added: “The incubator has been specifically designed to serve the needs of both foreign businesses new to Liuzhou and innovative local businesses. As more Chinese companies begin to undertake their own product research and development we have identified an opportunity to provide world-class product design in the heartland of Chinese manufacturing.”
Details:
www.isis-innovation.com
Upcoming conference
Slough Business Community Partnership will be holding its annual conference on November 28 at the Hilton T5 hotel
The theme of this year's conference is ‘How your employees can make a difference’ and will look at the considerable impact being made in the community and the benefits of having volunteering as part of business culture. Katie Hyson, the Think Big internal manager from Telefónica UK O2, will be talking about a review O2 carried out that looks into the positive and financial impacts of employees getting involved in community matters.
Slough Business Community Partnership is a unique organisation that works with businesses to encourage them to adopt and promote responsible business practices through the development of their corporate responsibility strategy. It helps businesses engage with the community in a range of ways including employee volunteering, skills exchange and more recently its business mentoring programme which has already connected mentors from local businesses to managers from local
Ronan Dunne - CEO of Telefónica UK O2 speaking at last year’s conference
charity groups. The conference will be looking to encourage more businesses to engage in its activities that are helping to tackle key issues affecting those people who live, learn and work in Slough.
Details: 01753-696958
bob@sbcp.co.uk
THE BUSINESS MAGAZINE – THAMES VALLEY – OCTOBER 2013
Registered charity:1093411
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