A new initiative aims to encourage collaboration between British and Chinese companies on a range of innovative projects.
Taking the form of a memorandum of understanding (MoU) between representatives from the UK and from China’s Guangdong province, the initiative should enable more UK businesses to work with Chinese partners.
The MoU offers significant opportunities for UK entrepreneurs to partner with like-minded organisations and collaborate on business research and development (R&D) projects.
Guangdong is the largest provincial economy in China and a principal driver of the national economy, according to Innovate UK which will shortly launch a competition for UK businesses to collaborate with Chinese partners on projects to improve cities in the Guangdong province.
Available under the umbrella of the Newton Fund, the competition will focus on smart mobility, big data solutions that promote affordable healthcare and smart platforms for sustainable urban environments.
Innovate UK has also taken the opportunity to promote associated funding initiatives, including another Newton Fund competition which offers up to £8 million to UK businesses and researchers to work with Chinese partners on cutting-edge technologies that solve agricultural challenges in China.
Full details can be found at the GOV.UK website.
