A new international platform for innovation is created, as an industry incubator for China and Japan is established on June 6. [Photo/zjol.com.cn]

An important joint industry incubator for China and Japan was unveiled in Xiaoshan Hipark in Hangzhou, in Zhejiang province on June 6.

As China's first incubator -- combining Japanese advanced technologies and Chinese industries -- the international platform is designed to introduce Japanese expertise, projects, talent and business thinking in healthcare, artificial intelligence and manufacturing to Chinese market. Its backers say it will facilitate technological cooperation between Chinese and Japanese enterprises and research institutions.

Lin Qi, president of the incubator, said that the venture will serve as a bridge for Sino-Japanese expertise and technologies and become a major driver for the development of the digital industries in Xiaoshan district.

Aside from the incubator, an industrial fund will also be established to provide financial support for project developments, according to Lin.

Allm.inc, a Japanese healthcare startup, has signed up to establish operations in Xiaoshan Hipark, aiming to expand cooperation and exchanges in China’s big data sector, as well as in insurance, pharmaceuticals, healthcare and other industries.

Valued at nearly $500 million and with 60 international patents, Allm is one of the most influential companies in the global emergency medical systems market.

Officials said that in three to five years the incubator would attract and support 10 leading companies in emerging industries, as well as the regional headquarters of listed companies, also attracting some 500 high-caliber professionals.