Biz Sch News 16 December 2015

Business School teams up with Chinese government and incubator to cultivate innovation

The National University of Singapore (NUS) Business School has signed a Memorandum of Understanding (MoU) with Shanghai Zhangjiang Hi-tech Innovation Centre (HTIC) and Shanghai ISPACE Investment Management Group Co. Ltd (ISPACE).

Dean Bernard Yeung, with HTIC and ISPACE officials, at the signing ceremony of the MoU.

This partnership will result in the development of mutually beneficial programmes, projects and activities that promote new inventions and business ideas.

Officiating at the MoU Signing Ceremony in Shanghai were Dean Bernard Yeung; Mr Yang Weimin, Director, Shanghai Zhangjiang Hi-Tech Innovation Centre; and Mr Zhu Chengyi, Chairman, ISPACE.

“By advocating innovation and entrepreneurship, I believe China will see a shift from an export-led economy into a more sustainable knowledge-based model,” said Dean Yeung.

M. Yang Weimin, Chairman, Shanghai Zhangjiang Hi-Tech Innovation Centre said, “I believe this partnership will spearhead China’s quest to make a difference by transforming herself from being the world’s factory to the world’s innovator. “

“The exchange of knowledge, ideas and resources will lay the foundation for the development of successful enterprises and entrepreneurs that will propel China forward,” said Mr Zhu Chengyi, Chairman, ISPACE.

Among the initiatives under the year-long partnership, NUS Business School and ISPACE plan to jointly establish an International Innovation and Entrepreneurship Research Centre to advance China’s creative potential.

As part of this centre, the school will develop appropriate case studies and carry out relevant research on innovation and entrepreneurship in Zhangjiang, while HTIC will support these initiatives by offering enterprise samples and assisting in data acquisition.

With ISPACE, the school will jointly design professional training programmes to develop and nurture successful entrepreneurs with the goal of improving the capabilities of start-ups.

The school and ISPACE will also jointly organise workshops and keynote seminars between China and Singapore to foster a better understanding of the issues affecting innovation and entrepreneurship in both countries.