Accord with Israeli university signed

A number of Israeli patents and national innovation technology projects will settle in Futian district of Shenzhen, Guangdong province, according to a memorandum of understanding signed on July 12 between the Futian district government and Yissum Technology Transfer Company of the Hebrew University of Jerusalem.

The two parties also agreed to build a Sino-Israeli Global Innovation Center in Futian to support Shenzhen's technology development.

Futian district promised to provide preferential policies such as allocating government guidance funds to the innovation center, while the Israeli side will introduce patented technologies and development programs to Futian district, including seed funds and incubators of the Hebrew University of Jerusalem, parts of the technological patents of Tel Aviv University and Israeli national innovation technology programs.

At the signing ceremony, Gao Shengyuan, head of the Futian government, said that Israel has obvious strengths in innovative technology while Futian enjoys unique advantages in preferential policies, industrial space, incubation resources and a comprehensive environment for enterprises. The cooperation will help Futian become a center for turning international innovation into industrial products.

Itamar Borowitz, a representative from the Hebrew University of Jerusalem, said: "We come to Futian because of the expectation of a bright future.

"We are very happy to share our knowledge and innovation results with Futian district to help turn them into a reality," he added.

Shenzhen Daily provided the story.