Zhongguancun ZPark Software Park located in Beijing, the FinChi Innovation Center and China-Finland Golden Bridge have signed a memorandum of understanding (MoU) to establish a Chinese science and technology park in Espoo, Finland.
The three science centers will also work correspondingly to expand FinChi’s activities to Beijing.
“Finland’s internationally recognized ability for innovation, good business environment and strong government support are the most important reasons for the cooperation,” said Fang Zhou Chairperson of Zhongguancun ZPark Software Park.
“Finland’s geographical location makes it a gateway for companies entering the Nordic, Russian and even the whole European market,” he added.
The cooperation is also in accordance with Finnish government’s objectives. “The ministry wants – closer cooperation with China. Finland needs internationalization, and this represents an important step in that direction,” stated Erkki Virtanen, Permanent Secretary at the Ministry of Employment and the Economy.
The ZPark Software Park planned for Otaniemi in Espoo would help Chinese companies start business and research cooperation in Finland. It would also make it easier for the Chinese to establish research and development units in Finland and hire Finnish experts.
The expansion of FinChi’s activities to Beijing and initiation of cooperation with China’s leading science and technology park is aimed at allowing Finnish companies to better and more rapidly utilize the opportunities for commercial and technology cooperation that exist in the Beijing region.
The FinChi Innovation Center operates already in Shanghai and Shenzen and supports Finnish companies as they invest in China and develop their business in the region. FinChi functions as a channel for commercializing Finnish technology in China and helps companies network with Chinese players.