The InnovFest Suzhou 2017 opened at SIP's NUS (Suzhou) Research Institute on June 6, attracting more than 100 Chinese and foreign high-tech innovation enterprises, business startup management organizations and academic institutions. In the following two days, over 80 keynote speeches were given and more than 60 meetings for potential cooperation were held.
 
 
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Promote cooperation and improve innovation ability


NUSRI and SIP jointly established the Singapore-China (Suzhou) Innovation Center in October 2014. The center is designated to bringing in mature Singaporean experience in science and technology services as well as international science and technology transformation systems to create an environment suitable for industrialization of international science and technology achievements in SIP. It also aims to promote the exchange between China and Singapore in science and technology development, innovation and business startup.

Over the past several years, the center has established an ecosystem up to international norms for intellectual achievement incubation and transformation. This improves local innovation ability while promoting local industrial transformation and upgrading. Serving as NUSRIā€™s front for enhancing collaboration between industries and research institutions, the center is currently home to over 40 incubated high-tech enterprises and has helped six enterprises finish financing.

In addition to the center, NUSRI has established a business startup space, an international technology transformation and transfer center as well as an intellectual property academy to provide various services for development and transformation of innovation achievements.

In the future, NUSRI will focus on "energy and environmental protection technologies" and "food safety and food science and technology" to further promote regional industrial transformation and upgrading.