ICUK - Overview
China now has the biggest Research and Development (R&D) workforce, and the third biggest R&D investment in the world. It may be the world’s third largest economy but it still has huge potential for further growth. Many of the markets in China are currently underdeveloped and looking to acquire international products, equipment and services.
Innovation China UK (ICUK) has recognised the importance of UK/China collaboration to harness the many opportunities throughout China. The programme aims to secure new partnerships that will help forge the links, ideas and research and technologies so essential to generate jobs and skills and prosperity across both economies. Few substantial collaboration programmes between the UK and China exist, and technology derived from UK research has seldom been exploited in China. The ICUK programme has identified the challenges for UK and Chinese innovation and aims to break down these barriers to encourage collaboration and joint innovation.
ICUK uses the knowledge transfer expertise common to UK institutions and businesses to advise Chinese universities (which tend to be less experienced at technology transfer), on how to best exploit their intellectual property. ICUK also plays a significant role in overcoming the regulatory barriers and issues of cultural understanding which UK innovators often struggle with when trying to take advantage of the vast Chinese market.
Thinking of unlocking the vast opportunities that China has to offer and unsure of how to move forward? Speak to one of our experts who have the relevant knowledge to point you in the right direction. Contact us.
