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Belarus suggests partnership in venture capital investment, high technology to China’s Zhongguancun
MINSK,23 September (BelTA) – Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin met with representatives of China’s Zhongguancun Development Group on 23 September, BelTA learnt from the press service of the committee.
The parties discussed the prospects of cooperation in the sci-tech area, opportunities for the implementation of joint projects. The parties named information, communication and aerospace technologies, bio and nano industry, medicine and pharmacy, and also energy-efficient and industrial technologies as priority areas of cooperation. “Venture capital investments, high-technology projects, development of innovative infrastructure are also the area of mutual interest,” Alexander Shumilin stressed.
In 2016-2017 Belarus and China plan to implement about 30 joint scientific and sci-tech projects. For their joint financing the State Science and Technology Committee of Belarus and the Ministry of Science and technology of the People’s Republic of China are expected to sign a memorandum of cooperation in the near future.
Zhongguancun Development Group is a state-run company financed by Beijing’s Government. The company was founded in 2010 to support and develop the National Innovative Demonstration Park. The holding company comprises 29 subsidiaries. The total assets of the Group are estimated at $16 billion, with net assets making up $3.5 billion.
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