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ARIE Ventures Nanjing Attends Jiangsu-Israel Dialogue on Innovation Cooperation

Co-hosted by the Foreign Affairs Office of Jiangsu Provincial People’s Government and the Consulate General of Israel in Shanghai, the Jiangsu-Israel Dialogue on Innovation Cooperation opened in Nanjing on August 11, and ARIE Ventures Nanjing was invited to attend the meeting.

The two sides have achieved many achievements in innovation cooperation.

ARIE Ventures and JNDZ ("JiangNing Development Zone") have been long-term strategic partners. ARIE is keen to bring western high-tech companies to JNDZ, which is the top high-tech development zone in China and has been open to the global market for the past 3 decades.

ARIE also believes that the vast Chinese market can offer many opportunities to western high-tech companies, with ARIE Ventures as the bridge.

Jiangsu has also taken the lead in setting up an industrial R&D cooperation program with Israel, which has so far organized 17 rounds of calling for proposals and provided policy or financial support to more than 60 projects in the initiative.

This year marks the 30th anniversary of the establishment of diplomatic relations between China and Israel. Edward Shapira, consul general of Israel in Shanghai, said that Jiangsu and Israel should strengthen innovation cooperation, such as in the fields of trade, commerce, agriculture, environmental protection, health and medical care through application of modern technologies, and strive to make more accomplishments.

Ilan Maor, president of the Israel-China Chamber of Commerce, suggested that Jiangsu enterprises should look for business partners that are open to technological cooperation. He also said governments of both sides should give more support to such partnership and strengthen the foundation for mutually beneficial and win-win cooperation.

In the view of Tal Catran, independent business consultant and speaker, it’s important to create a culture that supports startup. He said Jiangsu is an ideal destination because it’s home to many universities and scientific and educational resources.

In the event, Wang Liang, deputy director of Overseas Cooperation Dept. of Jiangsu Industrial Technology Research Institute (JITRI), said the institute has worked with OurCrowd, Israel's leading venture capital firm, to launch a startup incubator. In addition, JITRI has also reached cooperation with Israeli R&D institutes in the fields of biomedicine, environmental protection materials and high-end equipment.

Relevant departments of Jiangsu and the Consulate General of Israel in Shanghai also exchanged views on practical cooperation in fields of science and technology, environment, agriculture and medical care.

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