The international trip is part of the Lancaster China Catalyst Programme, created by the university to boost global trade and business growth between the UK and China.
It follows a report on the 8 December that showed China is a rapidly-growing, revenue-making force in the digital media space, with local businesses competing with American giants like Google, Amazon, Facebook and Twitter.
And though the US leads the UK when getting ideas out to the masses, Britain is receiving support from the government – evidenced by a £25m fund launched with Crowdcube to help tech startups achieve scale. Meanwhile, the Autumn Statement on 3 December saw George Osborne talk of a “commitment to science” and research and development being “crucial.”
It stands to reason China would want to tap into this market, and the delegation of six businesses will come from the Guangdong Province, spanning various technology and environmental science sectors. They are: Guangzhou Sanjing Electric, Guangzhou Jet Bio-Filtration Products, Cnhomeland Environmental, Guangzhou Institute of Energy Conversion, China National Analytical Centre Guangzhou and Joinmax Technology.
UK firms are invited to the Driving-UK China Innovation event on 16 December, where prospective partners are encouraged to discuss opportunities for researching new products and services together for launch in global marketplaces.
Nick Burd, director of the Lancaster China Catalyst Programme, said: “The Lancaster China Catalyst Programme is a unique university-led initiative to forge research and innovation partnerships between UK and Chinese businesses.
“The visit of Chinese companies to Lancaster follows on from a recent trip to Guangdong involving UK companies that led to some very promising partnership discussions. This visit of Chinese companies is a great opportunity for UK firms interested in growing their businesses through links to the Far East.”
The scheme claims UK firms will receive £70,000 worth of support to plan and produce research and innovation ventures with their Chinese partners. Lancaster University graduates are able to work on projects at home and in China as part of their International Innovation Masters degrees.
Ultimately, the ambition is to produce 240 jobs and help up to 400 British companies while boosting the economy by £40m.
A similar scheme with the UKTI and University of Sheffield eases overseas communications, as Chinese-speaking students are working with SMEs to help them export into China.
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