Possible cooperation with the EIB to promote high-tech Made in Austria

EIB support for projects in China

Photo: Logo of EIB

05 April 2019 – Director of OSTA Beijing, Mr. Philipp Agathonos, meets with Mr. Alain Nadeau, Head of the EIB Representation to China and Mongolia.

Purpose of this visit was to elaborate possible ways of collaboration in the implementation of Austrian technology projects in China. Nadeau explained that the EIB acts as a non-commercial bank since 1958 and operates around 50 regional offices in Europe and beyond, since 2016 in China. With its main focus in Europe, the EIB supports projects of European interest also in China, mainly aiming at contributing to the fulfilment of the COP21 Climate targets. EIB has three stands of activity: (1) lending as its main purpose, (2) funding, (3) being the major contributor to the EIF (European Investment Funds) to support SMEs

Agathonos presented the focus of Austrian technology cooperation with China and the role of OSTA Beijing. The Austrian projects described are in the thematic interest of the activities of the EIB in China but are relatively short term R&D-related projects, while the EIB aims at larger longer-term investments. However, promising ways of collaboration could be identified: (1) OSTA to flag promising Austrian projects to EIB that could be further developed; (2) EIB to explain EIB-processes and contributes with its expertise in project implementation; (3) the ongoing Austrian collaboration with NDRC (National Development and Reform Commission of the People’s Republic of China), could be utilized to promote the implementation of Austrian projects.