The money will fund research through the International Academy for Marine Economy and Technology (IAMET), which was established last year at The University of Nottingham Ningbo China (UNNC).
In its first year, the IAMET has delivered on its agreed plan, endorsed by the Ningbo government, which has seen it achieve its funding target and begin working with 20 companies with interests in marine technologies.
A new building to house the IAMET is now also under construction and five PhD students have recently been recruited into the Academy to support the research effort.
The IAMET leverages The University of Nottingham’s global experience and provides applied research into various areas, including:
- port services and logistics
- marine advanced materials
- biological products
- environmental management
It also draws on the input and advice of independent academic and industry experts to deliver programmes training talent, exchanging knowledge and commercialising research.
At the most recent annual IAMET council meeting, senior representatives from Ningbo Municipal Government and leaders from the University, UNNC and WEG came together to discuss the progress of the IAMET project.
Professor Nick Miles, Provost at UNNC, said: “IAMET is a great example of international collaboration. It is now delivering real impact to the local economy and community and we have exciting plans for the year ahead.”
Zhongchao Chen, Vice Mayor of Ningbo, added: “New materials and marine hi-tech are the two strategic initiatives of Ningbo, and the research direction of the Academy fits well with these. I hope that the Academy will continue introducing high-level talents, engaging with local industries, and contributing to the local marine economy growth.”
Professor Hai-Sui Yu, Pro-Vice Chancellor (International) at The University of Nottingham, who chaired the council meeting, said: “The very positive comments from the senior representatives of Ningbo Municipal Government recognise the progress made by IAMET in the last year. I would like to thank the Ningbo Municipal Government for their support and we look forward to future success.”
The marine economy is one of China’s key strategic development areas with an annual growth rate of 13.5 per cent since 2001. In 2011, the gross production of marine-related industries was 4.56 trillion RMB, around 10% of GDP. This is expected to reach 15% in 2015.
More press information about UNNC is available from Tess Humphrys, communications and marketing officer, UNNC, on +86 574 8818 0940.