On Oct. 31, our agency signed a strategic cooperation memorandum with Israel's Cukierman & Co. Investment House. The two sides will strengthen exchanges and cooperation in areas such as incubator cooperation, transformation of scientific and technological results, and co-host the Sino-Israel Summit Forum on Investment in Science and Technology.
In attendance at the signing ceremony were Gao Zimin, Vice Mayor of Shenzhen, Director Wang Youming and Vice Director Jia Changsheng from Invest Shenzhen, President ?douard Cukierman and CEO Hatay Ravind from Cukierman & Co. Investment House and Ye Jian (in charge of its business in China).
Prior to signing the contract, Gao Zimin met with the delegation led by President Cukierman. Gao Zimin introduced Shenzhen with its rich innovative elements, advanced science and technology industries. It is very similar to Israel in terms of internal gene and input in R & D. In recent years, exchanges between the two sides have become increasingly frequent. He added that many of the technological elements in Shenzhen are from Israel and the capital of Shenzhen is paying increasing attention to the scientific and technological achievements of Israel, and there is great potential for cooperation between the two sides. Cukierman said that technological innovation in Shenzhen is increasingly the focus of attention all over the world. Cukierman & Co. Investment House has invested in many science and technology companies in various regions of the world. Israel has a relatively small domestic market and hopes to strengthen cooperation with Shenzhen in science and technology to bring more science-based companies into China, in particular Shenzhen. The aim is to promote the innovation and development of Shenzhen high-tech industries and advanced manufacturing industries. Cukierman & Co. Investment House hoped the Shenzhen municipal government would provide support for holding the 17th Sino-Israel Summit Forum on Investment in Science and Technology in Shenzhen in 2018. He also revealed that Cukierman & Co. Investment House will consider relocating its China headquarters from Shanghai to Shenzhen. Gao Zimin said that Shenzhen will make utmost effort to create a good business environment and the idea of relocating its headquarters to Shenzhen is welcomed. Strong support will be given within his scope of responsibilities for its business development in Shenzhen.
Founded in 1993, Cukierman & Co. Investment House is Israel's largest investment group managing a capital of over 10 billion euros. Since establishment, Cukierman & Co. Investment House has successfully completed cross-border transactions worth more than 5.5 billion euros, including the investment in the Han's Laser of our city. Earlier this year, Intel acquired Mobileye Intelligent Driving Warning Systems Co., at 15.3 billion dollars, and its first round of angel financing was fulfilled by Cukierman & Co. Investment House.
Representatives from the Municipal Foreign Affairs Office, Municipal Science and Technology Innovation Committee, Bao'an District Government and others participated in this activity.