From July 2nd to 3rd, the 4th China-Israel Investment Summit (Innonation Summit) is held in Zhuhai International Convention and Exhibition Center. The "Entrepreneurial Kingdom" (Israel) and "The City of Opportunity" (Zhuhai) were once again closely linked. The theme of the conference was "Innovaiton Cooperation for a Bright and Smart Future in the Guangdong-Hong Kong-Macao Greater Bay Area”. Within two days, more than 2,000 companies from China and Israel gather in Zhuhai to share innovative experiences and seek for cooperation.

Innovation Injects New Development Power

As a globally recognised innovation power, Israel, despite its small land size, has become a centre of innovation just behind the Silicon Valley of the United States, with its abundant human resources, disruptive innovation technology and numerous world-class companies. It's per capita entrepreneur, per capita venture capital and the number of patents per capita become the number one in the world.

At present, Guangdong is profoundly implementing the innovation-driven strategy of development and accelerating the formation of an economic system and development model with innovation as the main driven force. The industry believes that the conference will effectively promote the integration of innovative resources between China and Israel and the international exchange of industries. Therefore the development of creative industries such as biomedicine and smart manufacturing in Zhuhai and even Guangdong will further benchmark the global advanced technologies and the trends of development. It leads the integration of Zhuhai into the worldwide network of integration and opens up further development.

Opening-up, Exchange and Gathering Global Resources

With the world's longest cross-sea bridge, the Hong Kong-Zhuhai-Macao Bridge (HZMB), opens to traffic soon, a half-hour super-city cluster economic circle has accelerated its formation as well as the world-class grand bay area, the Guangdong-Hong Kong-Macao Big Bay Area (Big Bay Area). On the other hand, Zhuhai is stimulating the cultivation of a new model of trading formats and a new phase of open up.

According to the data shown in 2017, Zhuhai's foreign trade import and export reached 297.329 billion yuan, with an increment of 8%. From the perspective of export destinations, exports to the "Belt and Road" countries increased by 17.2%, which show the practical development of emerging markets. From the perspective of export product categories, the import and export of high-tech products increased by 12.4%, becoming a new force for foreign trade growth.

The platform of Multi-cooperation Showcase Zhuhai's City Namecard

In the morning of July 1, the day before the opening of the Innonation Summit, the China-Israel Accelerator Project was officially launched which aims to create an innovative resource allocation platform and industrial agglomeration platform with global influence. This is one of the critical achievements reached by the last conference. The number of the initial cooperation intentions exceeded 1,000, involving billions of dollars in cooperation.

The Hi-tech Industry Contributes 90% of Israel's GDP.  How Israel make "Innovation Miracle"?

In Israel, from the government, venture capital to college incubators, a set of mature security systems nourishes the country's ability to innovation and entrepreneurship. Israel has a unique "Chief Scientist System", and the  Chief Scientist Office is responsible for Israel's national science and technology policy formulation, allocation of research fund, daily technology management, and sharing of the university and national laboratory resource. They will guide and provide think tank support for technical entrepreneurs.

From cutting-edge technology to venture capital, from government support to university incubation, Israel's “small but delicate" innovation model may provide a useful reference for Zhuhai.

Source: Southern Daily