High-tech incubator of China-New Zealand innovation launches in - gas water heater spare parts

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 Two of the major cities of China and New Zealand on Monday launched a projectto drive high-tech start-up collaborations between the two countries. - gas water heater spare parts

The cooperation will see the InnoHub innovation incubator, based in Guangzhou, capital ofsouthern China's Guangdong province, invest up to NZ$20 million ($13.52 million) into itscounterpart in Auckland, New Zealand's largest city and home to a third of the population.

The investment would help Auckland's GridAKL support Chinese-New Zealand start-upcompanies in the information technology (IT) sector, Auckland Mayor Len Brown told Xinhua in anexclusive interview at the Tripartite Economic Summit of leaders from Guangzhou, Auckland andthe US city of Los Angeles Monday.

"Primarily most of it is there as a fund to encourage IT companies who are engaged in businessbetween Auckland and Guangzhou, so it's to encourage the ability to commercialize new ideasand new technology coming out of Auckland and Guangzhou, to build a high-tech relationshipbetween the two cities," Brown said. -ODS and Pilot Burner

"One of the big growers in Auckland is film animation and we're global leaders in the industry."

He cited Auckland - Ignition Electrode (Spark Plug)

based Flux Animation, which has signed a series of agreements withcompanies in Guangzhou, as indicative of the possibilities of the cooperation.

However, he said, no companies had yet emerged from the cooperation as it was still too new.

 

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