DED signs Memorandum of Understanding with Chinese Innovation Park

Wed, 13 Jul 2016

The Isle of Man has connected with a Chinese ''Innovation Park' in a bid to boost commercial opportunities.

The Department of Economic Development has signed a Memorandum of Understanding with the 'Silicon Valley of China'.

The Zhongguancun Boya Multimedia Creative and Innovation Park has been in development since 1988 and is the region's first state-level, high tech industrial zone.

Minister Laurence Skelly says the area is specifically for the 1,000 high-tech companies covering the next generation of internet, communications, e-pay and more: