Swiss Innovation Parks Cooperating with China

by swisschambei in Bilateral Relations

Innovation parks in Switzerland and China are seeking to cooperate closely. In so doing, high-tech firms in China would look to set up subsidiaries in Switzerland. At the same time, new opportunities would be opened up for innovative Swiss companies in China. Plans have been drawn up for innovation parks in Switzerland and China to cooperate in future. The relevant Memorandum of Understanding has been signed by Switzerland Innovation and the Torch Center of the Ministry of Science and Technology of the People’s Republic of China, details of which can be found in a press release. The Torch Center is the Chinese counterpart of Switzerland Innovation, helping to coordinate around 170 “High-Tech Development Zones” across the country. These are innovation parks designed to attract high-tech companies and capital in addition to establishing innovation networks. The overarching aim of the collaboration is to promote exchanges between the innovation parks in Switzerland and China. According to Switzerland Innovation, some of the high-tech Chinese firms will also set up subsidiaries in Switzerland, where they will then have the opportunity to drive forward innovation projects together with Swiss universities and companies. At the same time, the collaboration will also open up new opportunities for Swiss firms seeking to establish a presence in the Chinese market.

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