Cindy Xiao Shiato, an executive with the Suzhou Industrial Park Administrative Committee, said: "We want to have a close collaboration with US universities, US [VC] firms."
Suzhou Industrial Park, one of China’s technology zones, is setting up an investment office on Sand Hill Road in California, US, to be close to venture capital (VC) firms.
Cindy Xiao Shiato, an executive with the Suzhou Industrial Park Administrative Committee, said: "We want to have a close collaboration with US universities, US [VC] firms."
In July, University of California Berkeley’s College of Engineering is scheduled to open a research and teaching facility in Shanghai’s Zhangjiang High-Tech Park, which is building a 50,000-square-foot building for the university at no cost.
Meanwhile, a recent study by the Stanford Program on Regions of Innovation and Entrepreneurship found that many of the investors who helped create some of Silicon Valley’s most important companies are now doing the same thing in China.
