(Finpro) – Zhongguancun ZPark Software Park located in Beijing, the FinChi Innovation Center, which is managed by Finpro and China-Finland Golden Bridge have signed a memorandum of understanding concerning cooperation. The aim of this cooperation is to establish a Chinese science and technology park in Espoo, Finland and to correspondingly expand FinChi”s activities to Beijing.
– The target of the memorandum of understanding concerning cooperation is to increase science and technology cooperation between Finland and China and to reinforce commercial relations. We want to establish a new Chinese science and technology park in Finland and expand FinChi Innovation Center operations to Beijing, explains Kari Häyrinen, President and CEO of Finpro.
– Finland”s internationally recognized ability for innovation, good business environment and strong government support are the most important reasons for the cooperation. Finland”s geographical location makes it a gateway for companies entering the Nordic, Russian and even the whole European market. The aim is to support both Chinese and Finnish companies in entering markets, technology cooperation and R&D, says Fang Zhou Chairperson of Zhongguancun ZPark Software Park.
– This is just what the ministry wants – closer cooperation with China. Finland needs internationalization, and this represents an important step in that direction. Finland also needs investments, well-being, jobs, and export to safeguard our economy, states Erkki Virtanen, Permanent Secretary at the Ministry of Employment and the Economy.
– The ZPark Software Park planned for Otaniemi in Espoo would help Chinese companies start business and research cooperation in Finland and make it easier for them to establish research and development units in Finland and hire Finnish experts, says Marko Vänskä, CEO of China-Finland Golden Bridge.
The ZPark technology park being established in Finland with the help of Golden Bridge represents the entire Zhongguancun Software Park Development Company and includes ICT and other technology sectors.
New innovations from China’s Silicon Valley
The aim is to expand the activities of the FinChi Innovation Center managed by Finpro to Beijing”s ZPark Software Park, which is one of the 10 science and technology parks in the Zhongguancun region. Known as the Silicon Valley of China, this area is home to more than 20,000 international and Chinese companies that produce nearly 25% of the gross national product in the Beijing region.
– The expansion of FinChi’s activities to Beijing and initiation of cooperation with China”s leading science and technology park is aimed at allowing Finnish companies to better and more rapidly utilize the opportunities for commercial and technology cooperation that exist in the Beijing region, explains Häyrinen.
The FinChi Innovation Center operates already in Shanghai and Shenzen and supports Finnish companies as they invest in China and develop their business in the region. FinChi functions as a channel for commercializing Finnish technology in China and helps companies network with Chinese players.
For further information: www.finpro.fi