December 28, 2016 the opening ceremony of “China-Belarus innovation center for industrialization of scientific and technological achievements” took place in the office of CJSC "Industrial Park Development Company". Alexander Shumilin, the Chairman of the State Committee on Science and Technology of the Republic of Belarus, Sergey Chizhik, the First Vice Chairman of the Presidium of the National Academy of Sciences, Hu Chzhen, the Chief executive officer of the CJSC “Industrial Park Development Company”, Valery Hancharou, Director of The Centre of System Analysis and Strategic Research of the National Academy of Sciences of Belarus, Alexander Uspenskiy, Director of the Republican Centre for Technology Transfer and others took part in the ceremony.
During the ceremony regulations of the “China-Belarus innovation center for industrialization of scientific and technological achievements”, as well as an agreement on cooperation between the State Committee on Science and Technology of the Republic of Belarus, the Investment Company "China Merchants Capital" and CJSC "Industrial Park Development Company" were signed.
The center's mission - to select and implement innovative projects for further commercialization on the territory of the China-Belarus Industrial Park "Great Stone"
. The Chinese-Belarusian venture capital fund will contribute to the process of commercialization, the parties have agreed on the creation of such fund according to the signed documents.
After the opening ceremony there was a discussion of cooperation prospects in the field of technology transfer.