Chinese “Silicon Valley” Zhejiang Province and Israel Call for Proposals for Joint R&D projects

37659219_s

(PHOTO: City of Hangzhou in Zhejiang Province)     For Chinese Version,click here

As I mentioned in The R&D Funding Gift from Office of the Chief Scientist of Israel, Israel has risen to become one of the world’s foremost countries of innovation. A lot of countries have been looking at Israel as an innovation model. The Office of the Chief Scientist (OCS) of the Israeli Ministry of the Economy has played a vital role in promoting innovation. The tech startup hub of Tel Aviv (Israel) becomes the hot destination of American, European, Russian and East Asian investors. It will be a huge benefit for China to take advantage of Israel’s high-tech workforce to promote its research and development.

On May 20, 2014, OCS and the Chinese Province of Zhejiang, signed a Cooperation Agreement. Alibaba, the E-commerce giant in China, also has its headquarter located in Hangzhou, Zhejiang Province. With more than 100 million residents, Zhejiang is considered the Chinese “Silicon Valley” making this agreement a milestone for Israel-Sino economic and technological relations. The Cooperation Agreement will promote Israeli companies in China. The agreement targets industrial R&D projects between Israeli companies and Chinese companies from Zhejiang. This bilateral program is an outcome of a memorandum of understanding (MOU) signed between the State of Israel and China’s Zhejiang province on early May 2014.

Now, Zhejiang Province and Israel are announcing the 1st Call for Proposals for joint R&D projects. The deadline for submission is August 13th, 2015. The projects can in the following sectors: Environment, Energy, Water Treatment, ICT, Smart Community, Robotics, Electronics, Biotechnology & Pharmaceuticals, Medical Device, Agricultural Machinery, Nanotech & Materials. Two science and technology companies from Israel and China, who desire to cooperate in the R&D of a new product or a new process can apply for the funding. The projects in the frame of this Call will be financed by the respective national and regional authorities in Zhejiang Province and Israel. On the Israel part, the program financial support will not exceed 50% of the eligible and approved costs of the R&D, in accordance with the Israel national laws and OCS regulations. On the Zhejiang Province side, the total funding to a project from Zhejiang government shall not exceed 25% of the total approved R&D expenses of a project, between 1 million to 5 million Yuan. (160,000 to 800,000 USD)

Prior to the agreement with Zhejiang Province, OCS also signed R&D Cooperation Programs with Jiangsu Province, Shanghai, Shenzhen, Shandong Province and Guangdong Province in China.

To contact the author on this article: Amit Ben-Yehoshua at +86 13761360176 or amit.ben-yehoshua@dachenglaw.com

Amit Ben-Yehoshua is a dual citizen of the United States and Israel and is licensed to practice law in California and Israel. Amit has over sixteen years of legal experience and holds a Master Degree in Chinese law from Tsinghua University in Beijing. Amit is a co-founder of the Israeli Chamber of Commerce in China and the Israeli Chamber of Commerce in Shanghai and served as a member of their respective Board of Directors. Amit serves as a Senior Counsel for Dacheng Law Offices, LLP (Shanghai), world’s largest law firm, and specializes in international investments between China, Israel and USA.

Advertisements

Subscribe & Connect

Subscribe & Connect

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: