Eight start-ups picked at China-Brazil Innovation Week for CIIE incubator in Shanghai

Eight start-up companies taking part in China-Brazil Innovation Week were selected to join the China International Import Expo (CIIE) incubator to be held later this year in Shanghai.

Shanghai hosted the China-Brazil Innovation Week again, connecting start-up companies from Brazil with potential Chinese partners and investors in agriculture, energy, and green tech.

Innovation week has been held for three years and is organized by the China Association for Science and Technology.

This year’s event focused on agricultural, energy, and environmental technologies and was also supported by Brazil’s agriculture and energy ministries.

The China-Brazil innovation week attracted some of Brazil’s best tech start-ups, seeking to benefit from the vast Chinese market.

Marcelo Baumbach, Consul-General of Brazil in Shanghai, told CGTN that the South American country´s trade surplus with China is essential for its balance of payment and “helps promote more jobs and growth in Brazil”.

“At the same time, China is one of the main investors in Brazil, especially in the energy and infrastructure sector. We intend to pay special attention to those areas that are vital”, Baumbach said.

Pablo Machado, Global Executive Director, China Business, at Suzano, said the China-Brazil innovation forum “is a great platform for strengthening scientific and technological exchange between the two countries and companies from the two countries with cooperation on innovation, science, and technology.”

André Palma, CEO of Asel Tech, Brazil, highlighted that lectures from investors “help a lot to give us tips on how to get in China, to find out the best partnership.”

With information from CLBrief

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