Spending on R&D in China hit a new high in 2024, up 8.3 percent from the previous year, which ranked second in the world. Consultancy McKinsey and Co. said in a report that such a growth target will set the country on the path to becoming the world's largest spender on R&D.
For international businesses, while it is acknowledged that China has established formal S&T partnerships with 161 countries, challenges remain and need to be addressed, such as structural imbalances in R&D investment, talent gaps and shortages, IP and compliance risks, geopolitical barriers financial and operational constraints so on and so forth.
To explore these opportunities and challenges, the China-Britain Business Council( CBBC) is collaborating with the National Innovation Centre par Excellence to host a themed event on Thursday 10 April, as part of the i10 Innovation Festival 2025.
This event is designed for multinational executives, R&D professionals, academics, startup founders, and anyone who wishes to gain a comprehensive understanding of China's innovation ecosystem and R&D dynamics, explore strategic partnership prospects, and foster knowledge exchange with sector counterparts.
Participants will have the opportunity to access:
- Case studies of solid international innovation cooperations
- China's dynamics in innovation and the landscape in the Uk
- Mechanism of talent training and project team building
- Practical experience in landing and growing innovative businesses in China
- Topics of common concern and forward trend prediction
- Industrial experience exchange network
About i10 INC
i10 Innovation Network in China (i10 INC) is a collaboration between chambers of commerce and government institutions in China representing the ten most innovative economies in the world as identified by UN's Global Innovation Index Ranking 2024: Switzerland, Sweden, USA, Singapore, United Kingdom, Republic of Korea, Finland, Netherlands, Germany and Denmark. The network was initiated and is facilitated by PwC.
The i10 network is committed to leveraging innovation to strengthen international connections and cooperation. It brings together peers, students, lawmakers, and young talents from both China and abroad, fostering meaningful partnerships and driving creative thinking.
To celebrate this initiative, we invite you to join this exclusive event within the "Innovation Festival Series" framework!
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