Construction for the China-Israel (Shanghai) Innovation Park is to kick off next month in Taopu, Putuo, on the site which previously hosted Shanghai’s time-honored brand Hero Pen.
The national-level park aims to boost sci-tech innovation, technology transfer and enterprise incubation and will rise to the level of Zhangjiang Science City in the Pudong New Area.
Israel, with its technological strength, has a relatively small market so the vast market in China is a big lure, according to Ruan Xiang, a director at the China Israel Technology Innovation Center in Shanghai.
Ruan has done a lot of work to communicate quality projects for both sides, especially seeking proper latest technologies from Israeli forums, lectures and roadshows.
The site for the park, set to finish construction in 2021, will have an office area of 30,000-50,000 square meters and a residential complex of at least 10,000 square meters for high-end talent.
More than 1,000 collaborative innovation results will be fostered at the park.
Currently, it is already home to the Shanghai-Haifa International Research Center, an institute jointly built by East China Normal University and University of Haifa. More intelligent support from the Shanghai Institute for Biological Sciences of the Chinese Academy of Sciences, the Israel Society for Neuroscience and other universities will also boost the park.