China and Europe to partner in technology innovation as part of $38bn EU investment in Horizon 2020

China and the EU will partner to further innovation in science and technology. As part of ‘Horizon 2020,’ the EU has committed to investing $38.4bn over the next two years in a global programme centred around science, technology and innovation.

Up to $116mn of the fund has been earmarked to specifically promote cooperation between the EU and China.

In addition, China’s Ministry for Science and Technology has committed $30mn to helping Chinese organisations who wish to take part in the programme. This will be used to help organisations cooperate with Europe in areas of science, technology and innovation.

See also: 

Communist Party Congress promises China's doors will open wider 

Beijing releases plan to curb population growth by 2020 

Business Review Asia - new issue out now! 

At last week’s Communist Party Congress, leader Xi Jinping emphasised innovation as a primary driving force for development in China today. 

Areas of interest for the fund include safer and greener aviation, surface transport, environmental research and sustainable urbanisation.

The European Network of Research and Innovation Centres and Hubs (ENRICH) is a platform promoting science, innovation and technology, and it hopes to build a bridge between China and Europe by providing services relating to consultancy, soft-landing, co-working and training for European organisations.

Over 50 European companies from over 10 countries have committed to furthering their involvement with China through the ENRICH scheme.

According to Sarah Medina, coordinator of ENRICH as quoted in China Daily, “One of the biggest problems that European companies and organisations face is that they lack a channel for cooperation with their Chinese counterparts.”

Share

Featured Articles

People Moves: Pine Labs, Deutsche Bank, McKinsey, Fortinet

Pine Labs names former Amazon exec as chief people officer, Fortinet hires government affairs leader for APAC, McKinsey India poaches Accenture HR exec

Dialight envisions a world of industrial safety with LEDs

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Must-see speakers at TECH LIVE LONDON 2022 event

Technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force are among the 80-plus speakers at upcoming TECH LIVE LONDON

Vodafone Business cyber leader Kawalec speaks at Cyber LIVE

Leadership & Strategy

Twitter timeline – how Musk pulled off a hostile takeover

Leadership & Strategy

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

Leadership & Strategy