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New academy will boost China's marine economy ambitions

Marine economy signing

£25 million agreement will boost China’s marine economy

China’s ambitions to strengthen its marine economy have been boosted by the signing of a £25 million cooperative agreement between The University of Nottingham, Ningbo Municipal Government and Wanli Education Group (WEG).

The agreement will see the creation of the International Academy for the Marine Economy and Technology (IAMET) at The University of Nottingham Ningbo China (UNNC).

The IAMET will be a purpose-built, state-of-the-art facility that will foster new collaborations with industry.

It will have a dedicated team of international academic leaders and research and business engagement staff, drawing on the input and advice of world-leading academic and industry experts to deliver innovative and internationally-competitive programmes.

It is hoped the academy will become an international centre of excellence in marine economy, delivering transformative technologies and managing sustainable industry, enterprise and economic projects.

In the future, the academy will help establish ‘spin-out’ companies in Ningbo to help drive the city’s technology transfer agenda in the field of marine economy.

Marine economy covers offshore oil and gas, sustainable clean energy from wind and tidal wave, port logistics and marine transportation, marine tourism, and marine biotechnology.

It is one of China's key strategic development areas, with an annual growth rate of 13.5% since 2001, and will be the next key economic growth area for the country.

In 2011, the gross production of marine-related industries was 4.56 trillion RMB, which accounts for around 10% of GDP - this is expected to reach 15% by 2015.

Pro-Vice-Chancellor Professor Hai-Sui Yu, who chairs The University of Nottingham’s taskforce on marine economy and who signed the cooperative agreement on behalf of the University, said: “The International Academy for the Marine Economy and Technology (IAMET) will provide a major platform for research, knowledge exchange and commercialisation activities not just for UNNC but also for The University of Nottingham more generally.

“This is a major initiative that will be led from UNNC but supported by The University of Nottingham in the UK and in Malaysia. Ningbo provides an ideal environment and location for establishing and developing the IAMET because of its strong port and shipping industry, rich marine resources, clear international strategies, and its strong scientific research and education base.

“The University of Nottingham, through its campuses in the UK, China and Malaysia, will use its research and knowledge exchange strengths to support the Academy in achieving the Ningbo Municipal Government’s key priorities, and boost Ningbo’s reputation as a leading city in the development of the marine economy.”

More information is available from Tess Humphrys, communications and marketing officer, UNNC, on +86 574 8818 0940.

Posted on 7 August 2013