Notice: curl_setopt(): CURLOPT_SSL_VERIFYHOST no longer accepts the value 1, value 2 will be used instead in /home/admin/web/eastrussia.ru/public_html/gtranslate/gtranslate.php on line 101
Russian and Chinese innovators and investors discuss cooperation prospects in Shanghai - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Russian and Chinese innovators and investors discuss cooperation prospects in Shanghai

The annual, fourth in a row Russian-Chinese forum “Investments in Innovations” in Shanghai showed that Russia and China continue to successfully develop cooperation in the field of high technologies. If in 2018 year it was visited by more than 150 representatives of Russian and Chinese venture funds, corporations, public authorities and innovative infrastructure, then in 2019 their number exceeded 300 people.

Interest in innovative solutions of Russian high-tech teams and companies in China is constantly growing. One of the key topics discussed at the forum was artificial intelligence. Alexander Povalko, RVC General Director (co-organizer of the forum on the Russian side), noted that now this is a priority cross-cutting technology in the company's projects.

The fact that in the PRC there is an increased interest in Russian developments in this area, the Chinese participants in the forum, in particular, Chen Liang, deputy director of the Research Institute for High-Tech Equipment of the Polytechnic University, also spoke. “This year we created a Sino-Russian research institute for working with artificial intelligence technologies,” he said. “It plays the role of a bridge between business and researchers.”

To help Russian developments gain a foothold in foreign markets in Russia, an NTI export accelerator was created for high-tech companies wishing to enter foreign markets. Of the 15 selected RVC companies, eight selected China. Three companies out of eight, according to Mikhail Antonov, RVC Innovation Infrastructure Development Director, received offers from Chinese investors.

Soon there will be significantly more. Shao Yuanchen, director of the Shenzhen Stock Exchange, said in a forum: “We will help Russian startups enter the Chinese market. More than 5 of thousands of investors are looking for projects on our site, we are ready to connect them with Russian projects. ” This approach can bring a powerful synergistic effect: Russian scientists are able to create unique developments that do not have world analogues, which can take leading positions in global markets, but often do not know how to “pack” them and commercialize them. Chinese investors have the main problems - fierce competition, a rapidly changing picture of investment preferences, but there are more free money in many industries than projects with high commercial potential.

Participation in international forums is one of the main mechanisms for establishing cooperation between Russian innovators and Chinese businessmen. The more meetings and discussions like the Investment in Innovation forum will take place, the more joint high-tech projects will appear.

This also applies to the Far Eastern regions of Russia. Peng Zhen, CEO of the Chuangfeng Investment Fund, said that his company was established in 2012 on the border with Russia near Blagoveshchensk. “The Far East of Russia has great energy potential, so now we have concentrated on establishing mutually beneficial cooperation with Far Eastern energy companies,” he said.
April 4: current information on coronavirus in the Far East
Digest of regional events and latest statistics