China expo .
(photo credit: Courtesy)
The Chinese government announced plans this week to establish an innovation center for Israeli technology with Compass Ventures, as envisioned in this artist’s rendering.
The center will be established in the Zhong Guan Cun district of Beijing, considered the Chinese Silicon Valley, enabling Israeli companies and startups the opportunity to present their technologies to a wide segment of the business community in China.
Compass Ventures chairman Dr. Ronen Dagon said: ‘Establishing the center is another step toward improving the technological collaboration between China Israel. And Compass Ventures and its expansion will expose Israeli companies and startups to Eastern Asia, which is currently considered the fastest growing market in the world.’