Companies can now access China’s fast-growing innovation ecosystem, via a new partnership between UK innovation scale-up, Wazoku, and InnoMatch, a Chinese open innovation platform.
Any organisation wanting to tap into China’s innovation resources can simply post an open innovation challenge via Wazoku’s Innocentive platform. Wazoku then syndicates this through InnoMatch, enabling Chinese research teams, start-ups and universities to submit proposals or technologies.
The InnoMatch innovation network encompasses more than 22,000 global experts, 60,000 technology transfer officers, 226 universities and research institutes and 68 venture capital partners and has been responsible for some of China’s most groundbreaking innovations over recent years.
“China’s innovation ecosystem operates at a scale and speed that is hard to imagine, and the level of innovation is jaw dropping, tackling everything from AI to clean energy,” said Schønning Eysturoy, Senior Director Innovation Ecosystems at Wazoku. “This partnership makes it incredibly easy for any organisation to tap into this expertise in China that can otherwise be hard to access. There’s no need to navigate local regulations or language barriers directly as Wazoku facilitates all introductions and follow-up collaboration.”
InnoMatch was established by China’s Ministry of Science and Technology and the Shanghai Municipal Government. The agreement creates a powerful two-way bridge between China’s fast-growing ecosystem of researchers, entrepreneurs and technology transfer organisations and Wazoku’s global innovation community.
It also enables InnoMatch’s Chinese partners and enterprises to access Wazoku’s global open innovation crowd of more than 700,000 innovators, including leading corporations, start-ups and academic teams worldwide.
