China-Israel Changzhou Innovation Park (CIP) Initiative
Paving the Way for Israeli Firms Entering the Chinese Market
Providing Professional Services and Facilities
What is the CIP Initiative?
The China-Israel Changzhou Innovation Park (CIP) is a bi-national governmental initiative that provides a unique platform for Israeli industrial companies seeking to enter the Chinese market. The initiative provides Israeli companies the opportunity to establish a headquarters in the Changzhou West Taihu Lake S&T Industrial Park (the "Park) in Jiangsu Province, China and receive a unique incentive package and professional services to help them overcome barriers and succeed in China with the support of the park’s facilities and its dedicated staff.
Israeli companies that join the initiative will receive access to unique grants and financial incentives, discounted office space and facilities (manufacturing space, laboratories, workshops), assistance in protecting intellectual property, support in hiring high-quality local labor, subsidies for equipment, attractive loans, assistance with permits and licenses, logistic management and other services intended to reduce the time and investment needed to penetrate the Chinese market.
Companies can apply for this initiative by submitting a request to the Israel Innovation Authority. Requests will be approved based on a professional assessment. Following approval, the company will be able to negotiate with Park's management in the framework of pre-agreed conditions.
What are the Incentives?
The joint initiative provides Israeli companies a favorable incentives package which includes a range of financial, support & professional services, including:
General grants and various kind of awards
Access to loans
Talent subsidies for Israeli & Chinese employees
Special rent prices for offices and workshops/production/laboratories spaces
Intellectual Property Consulting and Services
Marketing consulting and services
Support for China Food and Drug Administration (CFDA) Approval process (for biotech and medical device companies)
Support for getting working visas
Support for Company Registration in China
Human resources recruitment support services
Access to "Israeli Center"
In addition to the aforementioned services, the CIP Administrative Office will also make its best effort to assist Israeli Companies in equipment procurement, accommodation arrangements and other matters upon the request of the Israeli Companies.
Please note that each Israeli company accepted into the initiative will be offered a unique and individualized package based on the needs and interests of the company.
What is the Criteria to Apply?
Israeli companies applying for the CIP initiative should meet all the criteria listed below:
Israeli registered company operating in Israel for at least 18 (eighteen) months
The applicant Israeli Company should be in accordance to the Israeli Economy & Industry Ministry Director General directive in regard to Corporate Social Responsibility and add the declaration to its application
The Israeli Company does not have a restricted bank account, nor is in the process of bankruptcy/reorganization and does not have unpaid debts to the Ministry of Economy and Industry/Israeli Tax Authorities
Israeli Companies from all technology fields are eligible to apply, except for those that carry out business activities listed as "restricted" or "prohibited" in the "Catalogue for the Guidance of Foreign Investment Industries" under Chinese regulations (elaborated in the Guidelines)
The Israeli Company demonstrates financial stability
The Israeli Company has proven business and marketing abilities
The Israeli Company has at least one existing product/service/technology/industrial process OR in its final development stages, that is well defined under the initiative
The Israeli Company's product/service/technology/industrial process proposed within this initiative has economic potential (markets and clients) in the Chinese and/or in the global markets
The Israeli Company's participation in this initiative and the establishment of a Wholly Foreign-Owned Enterprise ("WOFE") is expected to demonstrate an economic yield both to Israel and China
The Israeli Company's participation in this initiative is expected to contribute to the economic potential of the Israeli Company
About the Changzhou West Taihu Lake S&T Industrial Park
The Changzhou West Taihu Lake Science and Technology Industrial Park
is one out of four national industrial parks in China which receives the support of the Chinese federal government (MOST) and the government of the Jiangsu Province. The park is located in the city of Changzhou in the Jiangsu province, bordering the provincial capital Nanjing to the west, Wuxi to the east, and the Zhejiang province to the south. The city is situated in the affluent Yangtze Delta region of China and is located about 1 hour from Shanghai and Nanjing. The city boasts economic and cultural prosperity, with a GDP of $70 billion in 2013. Over 70,000 industrial enterprises call the city home, of which over 8,000 are foreign-invested.
The Park is located in the Jiangsu Wujin Economic Zone (WEZ), the leading science innovation center of Changzhou. With a regional planning area of 90 sq. km, WEZ‘s development follows the concept of integrating production, technology, financial innovation, and livable industry. WEZ has already become an important growth hub for the Yangtze River Delta Area through its rapid development in recent years. WEZ sets prior development on new material industries such as graphene and carbon fiber, bio-tech (and especially medical devices), and high-end service including e-commerce, corporate headquarters and modern logistics. WEZ aims to be a world-class innovative center integrating talents, industry and city resources for the Jiangsu Province.
With a population of 80 million, Jiangsu province is a hot-spot for economic development and is one of China's most prosperous provinces with a GDP of $1.093 trillion (2015). Jiangsu Province is a pioneer in terms of cooperation between Israel and China, having been the first province to sign a bilateral R&D cooperation agreement with Israel in 2011.
For more info about Jiangsu: http://www.matimop.org.il/aboutjiangsu.html
In seeking to promote long-term business partnerships between Israeli and Chinese companies and create support mechanisms for Israeli companies seeking to successfully penetrate the Chinese market, the Israeli Ministry of Economy (MOE), the Ministry of Science and Technology of the People’s Republic of China (MOST), and the People’s Government of the Jiangsu Province signed a protocol in May 2014 aimed at promoting the activities of Israeli companies in national innovation parks throughout China.
To compliment this initiative and to serve as a pilot for the campaign, an MOU was signed between the Changzhou Municipal Government, the Changzhou West Taihu Lake Science & Technology Industrial Park and MATIMOP- The Israeli Industry Center for R&D, currently named as Israel Innovation Authority, in May 2014, agreeing to encourage Israeli entities to participate in the Park through a number of unique incentives and benefits available especially to Israeli companies.
CIP initiative was established as a part of a three-year agreement between Israel and China that was signed at the first meeting of the China-Israel Innovation Committee (Beijing, China. January 29th, 2015).
How to Apply:
Israeli Companies interested in joining CIP and receiving the outlined benefits should first apply through the Israel Innovation Authority. Please follow the instructions below in order to apply.
1. Read carefully the entire Guidelines and confirm your eligibility for the program by checking the above criteria requirements. VERY IMPORTANT.
2. Completely fill out the
3. Provide the full list of financial documents needed for a financial check to be conducted by Lion, Orlitzky & Co., certified Public Accountants, as described in the guidelines and the financial document.
4.Sign the disclaimer.
5.A full application contains all these documents. Please submit them via email to: Merav.Tapiero@innovationisrael.org.il
For Further Information:
Project Manager- China Israel Changzhou Innovation Park
No. 123, Hexiang Road, Wujin, Changzhou, Jiangsu, 213149