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Alliance established to push forward innovation

PWC China has officially launched the Alliance of Shanghai Science and Technology Innovation, a communication and sharing platform to push forward science and technology innovative.

The alliance is designed to create an innovative ecosystem to enable resource sharing and drive mutual benefits among stakeholders, and it also aims to help develop Shanghai into a technology-driven innovation hub with global influence.

Companies and institutions have launched various measures that seek to leverage the strengths and advantages in the innovation ecosystem and jointly promote innovation in major technologies, products and business models through collaboration.

Shanghai released a guideline in 2015 to build the city into a global science and technology innovation hub.

PwC is hoping to combine its resources and expertise from both home and abroad with the demand of both start-up companies and mature companies that seek to restructure its business through innovative business models.

"We expect members from start-ups, local incubators and accelerators as well as venture capital firms and investment companies would join the alliance," said Elton Huang, PwC China Shanghai Senior Partner.

Vice director of Huangpu District Chen Zhuofu said the alliance is expected to become an open platform to support the innovation and entrepreneurship ecosystem and Huangpu District would provide relevant service for companies and institutions within the alliance.


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