Chinese creative and tech sector sets up in Council incubator space
A delegation of 10 small to medium sized businesses (SMEs) from China’s creative and tech sectors will arrive today Tuesday, 15 September, for the establishment of the Shenzhen Creative Industries Incubator opening at the City of Edinburgh Council’s Creative Exchange.
Four of the companies have confirmed their spaces and the other six are exploring investing in Edinburgh.
The Creative Exchange celebrated its second birthday last month and has been so successful it is now extending to offer another 40 workspaces. Since opening in July 2013 it has supported more than 80 businesses. It currently provides around 110 individual workspaces and is home to 36 companies.
This follows the news announced in May this year that the International Creative Industries Incubator, in the heart of Shenzhen, is encouraging creative and tech sector SMEs from Edinburgh to expand overseas and raise their international profile.
Shenzhen has been identified as a target market for investment into Edinburgh’s creative industry and the two cities signed a Memorandum of Understanding (MoU) in June 2013. The document, originally signed by the Lord Provost, Donald Wilson, aims to smooth the way and provide support for soft landing and incubation space in each of the cities. It will help to stimulate investment, growth and new market opportunities.
Lord Provost, Donald Wilson, said:”The
opening of the extension of Creative Exchange marks the culmination of years of
collaboration between the City of Edinburgh Council and Shenzhen Municipal
Government. This work has also been supported by the Scottish Government and it
delivers on a number of objectives set out in their China Plan and Economic
Strategy through enhanced cultural collaboration and increased exchanges
between both nations.”
Councillor Frank Ross, Convener of the Economy Committee, said: “The creative and tech sectors in Edinburgh are buzzing at the moment and we were recently highlighted by Tech Britain as the third largest tech cluster in the UK. Today’s opening demonstrates the appetite for China’s creative and tech businesses to set up in and expand in Edinburgh. The collaboration between China and Edinburgh’s creative industries and the number of Chinese companies taking up desk space in Edinburgh will bring inward investment to the city and enhance cultural relations.”
Minister for Europe and International Development Humza Yousaf said:“This is a significant collaboration between Edinburgh city council and the Municipal Government of Shenzhen. It combines the considerable strengths of both partners in the field of cultural and creative industries and provides support for both Chinese and Scottish SMEs to understand the markets, opportunities and challenges while developing networks in both countries. We value Scotland’s important relationship with China and I’m delighted to support this venture."
The Memorandum of Understanding between Edinburgh and Shenzhen was signed on 26 June 2013 by the Scottish Minister for External Affairs and International Development, Humza Yousaf and the Lord Provost of The City of Edinburgh, Donald Wilson in Shenzhen. This was in the presence of Vice Mayor Madam Wu Yihuan and centred on the exchanging of proposals for the establishment of joint International Creative Industry Incubation Centres in Edinburgh and Shenzhen.
A number of Edinburgh based creative and tech companies have committed to taking desk space at the Incubator in Shenzhen, including a world leader in the manufacture of complete IP video security solutions, Indigovision, and Runrev, creator of LiveCode, the award winning cross platform for deployment engines.
All companies engaged in the project to date: Edinburgh Palette, Biomorphis, Interference Pattern, Runrev, Spot Sensor Technologies Ltd, Sensewhere Ltd, Indigovision Ltd, Fountainbridge Ltd, HBJ Gateley, Whitelaw Wells and Bank of China (UK) Ltd.
The four companies confirmed to take up space in Creative Exchange -
Shenzhen Creative Investment Group
Founded in 2006, Shenzhen Creative Investment Group (SCIG) is an Investment Corporation for the cultural and creative industries focusing on incubator and service platform establishment for SMEs.
Alliance Art Group
The Alliance Art Group was founded in 2003 and works in the music and design industry, including video production and software development for programming and events.
Eagles-CG Software Company Limited provides 3D art modelling and animation for the games industry.
The focus for Blossom House is in the field of educational drama / theatre, providing educational drama, academic exchanges, training for educators, courses andcurriculum planning.