The Dubai royal’s investment approach through Inmā Emirates Holdings demonstrates how patient capital and technology transfer can generate measurable social impact across emerging markets By Exec Edge Editorial Staff The language of impact investing has evolved from philanthropic experiment to financial orthodoxy over the past decade, but the practice remains uneven. While Silicon Valley funds tout ESG metrics and Wall Street banks launch sustainability divisions, the actual work of building community ca ...

RT arctotherium (@arctotherium42)China got around this the obvious way: by recruiting Chinese engineers who worked for ASML. Do people understand real life isn't a Paradox game and a pop crossing borders doesn't make them "yours"? ...

其次，靶向施策促转化。财政部门建立"评价—反馈—优化"闭环管理体系，针对科技成果转化平台 聚焦度不足、部分创新成果效益未达预期等问题，提出建立科技成果高效转化机制，制定全生命周期孵 化管理方案。并结合苏州产业特色，量身定制技术孵化梯度培育、成果转化收益共享等12项创新机制， 健全"产学研用"链条，强化环境领域多学科发展和协同创新。 记者从苏州市财政局获悉，苏州财政深入贯彻全面预算绩效管理要求，聚焦大院大所资源投入与属 地发展协同关系，今年以来选取清华苏州环境创新研究院二期建设项目开展绩效重点评价，梳理项目现 状、剖析短板瓶颈、提出发展建议，促进提升财政资金使用绩效与政策实施效能。 据介绍，苏州财政精准把脉清华研究院项目助推提质增效主要体现在三个方面。首先，多维评估显 效能。财政部门通过核查环境科技领域科创平台建设进度、核心技术攻关成果及创新生态链完善度，全 面检验财政资金投入效能。项目实施以来，已实现苏州环境治理全覆盖，解决环境应急监测、城市污水 处理等难题110余项，带动研究院及孵化企业创收近10亿元，环境技术经济价值转化率达行业领先水 平。 此外，动态考核增活力。财政部门应用"创新驱动—产业转化—社会服务 ...

Core Insights - The article highlights the significant gap between the vast annual research funding of nearly 1 trillion yuan in Chinese universities and research institutions and the low technology transfer rate of less than 5%, attributing the issue to a lack of effective "algorithms" rather than a deficiency in technology [1][2] - Photonic technology is identified as a core support for future information technology, with a projected global market growth from $920 billion in 2023 to over $1.2 trillion by 2027, driven by the increasing demand for AI computing power [1][2] Research Funding and Technology Transfer - Chinese universities and research institutions receive nearly 1 trillion yuan annually for research, yet the technology transfer rate remains below 5% [2] - The disconnect between innovation and industry is a longstanding issue, with market success not guaranteed by technological breakthroughs alone [2] Photonic Technology and Market Growth - The global photonics market is experiencing explosive growth, with the Chinese Academy of Information and Communications Technology reporting a market size of $920 billion in 2023, expected to exceed $1.2 trillion by 2027 [1] - The demand for AI computing power is a key driver of this growth, indicating a shift towards photonic chips for signal processing in computing and AI [2] Industrialization Strategies - A new industrialization "algorithm" has been implemented by Zhang Long's team at the Hangzhou Institute of Optics, focusing on a "selection-cultivation-marriage" logic to enhance technology transfer [3] - The establishment of the Xihe Optoelectronic Industry Incubator in Shanghai represents a collaborative model involving government, research, and capital to foster innovation and entrepreneurship [3] Supportive Ecosystem and Initiatives - The Pudong New Area has developed the largest and most comprehensive photonic scientific facility cluster globally, providing robust research support [4] - The 895 Incubator in Zhangjiang focuses on high-tech startups, having invested in 20 projects with a total investment of approximately 700 million yuan, with five companies already listed [4] - Shanghai's "Technology Innovation Action Plan" aims to cultivate technology-driven small giant enterprises, enhancing the efficiency of technology transfer and industry development [4]

Core Insights - A notable trend in China's capital market is the emergence of ten technology companies founded or led by Tsinghua University alumni, collectively surpassing a market capitalization of 200 billion yuan before the third quarter of 2025, marking a significant "Tsinghua phenomenon" in the IPO market [1] Group 1: Company Performance - The technology companies have their roots deeply embedded in Tsinghua University's research, with notable examples including Haibosichuang, which has seen its stock price increase 12 times since its IPO in January [3] - Other companies such as Xinhenghui in semiconductors and Tianhe Magnetic Materials in new materials also demonstrate Tsinghua's strong foundation in basic research and application development [3] - Hesai Technology, a global leader in LiDAR, went public in September and has become the largest supplier of LiDAR by shipment volume [4] - Geek+ (Jizhi Jia), the first stock of AMR warehouse robots, saw its stock price surge nearly 80% after its IPO in July, reaching a market value of nearly 40 billion HKD [4] Group 2: Innovation Ecosystem - Tsinghua University has established a comprehensive technology transfer system since 2015, creating a unique innovation and entrepreneurship ecosystem that facilitates the conversion of research results into marketable products [3] - The establishment of specialized institutions such as the Technology Transfer Research Institute and the Office of University-Local Cooperation provides institutional support for the transformation of scientific achievements [3] - The "jointly built research institutions" model effectively bridges the gap between research and industry, allowing laboratory innovations to quickly respond to market demands [3] Group 3: Investment Dynamics - Alumni capital has created a strong closed-loop effect, with Haibosichuang receiving 8 million yuan in seed funding from Tsinghua-affiliated investment institutions [5] - Investment firms founded by Tsinghua alumni, such as Dami Venture Capital and Gao Rong Capital, not only provide financial support but also bring valuable industry resources and management experience [5] - The success of Tsinghua alumni in IPOs is not isolated, as six companies founded by Nanjing University alumni also went public during the same period, indicating an overall improvement in the commercialization of scientific achievements across Chinese universities [5] Group 4: Market Recognition - The performance of Tsinghua alumni entrepreneurs illustrates the successful combination of deep academic foundations with keen market insights, showcasing how sustained R&D investment paired with mature capital support can lead to significant market success [5] - The ongoing IPO preparations of more Tsinghua-affiliated technology companies highlight a successful pathway from academia to the market, setting a benchmark for technological innovation and entrepreneurship in China [5]

Core Viewpoint - Apple is expected to introduce a new, cheaper MacBook aimed at a broader market, particularly targeting students and small businesses, with a price range of $600 to $800, which is significantly lower than the current starting price of $999 for existing models [2][3]. Product Development - The new MacBook is currently in development and production, with expectations for a release in the first half of next year, likely between March and June [4]. - The device will not be as powerful as higher-end models but will support basic functions such as web browsing and light document editing [3]. Technology and Cost Management - Apple may utilize cheaper components and potentially an iPhone chip for the new MacBook, which could enhance performance while reducing costs [7]. - The strategy reflects Apple's approach of applying successful technology from other product lines, such as the iPhone, to the MacBook category [5][6]. Market Competition - The introduction of a lower-priced MacBook will increase competition in the market, particularly against Chromebooks and other affordable PCs from companies like Dell and HP, which have gained popularity in educational settings [9][10]. - The competitive landscape is shifting, with existing players experiencing stock dips in response to the anticipated new product from Apple [10].

Regulatory Landscape - The EU is considering mandating Chinese companies operating within member states to transfer technology, targeting key digital and manufacturing sectors like automotive and battery industries [1] - The EU may require these companies to utilize a certain amount of EU-sourced goods or labor and add value to products within the EU territory [1] - Strengthening joint ventures is being considered as another option by the EU [1] - These regulations are expected to be implemented starting in November, aiming to prevent Chinese manufacturing strength from overwhelming European industry [1] Company Response - Following the Dutch government's takeover of Nexperia, China's Ministry of Commerce imposed export bans on its Chinese products starting October 4th [1] - Nexperia is actively communicating with relevant Chinese authorities to seek exemptions from these restrictions and has deployed all available resources for this purpose [1] - Nexperia is also in close communication with all relevant national and local government departments to mitigate the impact of this measure [1]

Policy & Regulation - The European Union is considering compelling Chinese firms to transfer technology to European companies for local operation [1] - This measure aims to enhance the competitiveness of the EU's industry [1]

Core Insights - Chevron Corporation has re-established its presence in Iraq by signing an agreement with the Ministry of Oil to develop the Nassiriya project, which includes the Balad oilfield and four exploration blocks [1][12][21] - The agreement signifies a strategic shift in Iraq's approach to international oil companies, promoting a more open and investor-friendly environment [4][17] Group 1: Project Details - The Nassiriya oilfield contains an estimated 4.36 billion barrels of proven oil reserves, making it a crucial asset for both Chevron and Iraq's oil production strategy [6][12] - Chevron will also develop the Balad oilfield, enhancing its footprint in Iraq's southern oil-rich regions, which is expected to increase production levels and exports [7][19] Group 2: Gas Development and Energy Security - A key aspect of the agreement involves capturing associated gas from the Nassiriya and Gharraf fields for integration into the Gas Growth Integrated Project (GGIP), aimed at improving Iraq's energy security [8][9][10] - The GGIP seeks to reduce Iraq's reliance on imported electricity, which currently comes from Iran, and enhance domestic power generation [9][10] Group 3: Technology and Environmental Commitments - Chevron is committed to advancing technology transfer, community contributions, and strong environmental policies, aligning with Iraq's development goals [13][14] - The introduction of advanced oilfield technology by Chevron is expected to modernize Iraq's upstream operations and improve efficiency while reducing emissions [14][21] Group 4: Economic and Geopolitical Implications - Chevron's return to Iraq is expected to boost investor confidence, increase production capacity, and enhance power supply, marking a significant development in the region's energy landscape [17][18] - The agreement highlights the strengthening of U.S.-Iraq energy ties, with a focus on attracting American investment while balancing relationships with Asian and regional investors [18][20] Group 5: Future Outlook - The projects in Nassiriya and Balad are anticipated to significantly raise Iraq's production levels, reinforcing its role in global oil markets [19][21] - Chevron's involvement is set to transform Iraq's energy future by supporting energy diversification and sustainability initiatives [21]

Group 1: Core Agreement - Chevron Corporation and Exxon Mobil Corporation are set to sign a $34 billion memorandum of understanding (MoU) with Indonesia, enhancing economic and strategic ties between the two countries [1][9] - The MoU aims to build long-term partnerships that extend beyond traditional trade, focusing on investment, technology transfer, and energy resilience [2] Group 2: Energy Cooperation - The agreement emphasizes energy collaboration, with ExxonMobil increasing oil output from the Cepu block by 30,000 barrels per day (bpd), raising total output to 180,000 bpd, which constitutes 25% of Indonesia's national oil production [3] - Chevron is expected to facilitate technology exchange and future exploration activities, aligning with Indonesia's goals for energy self-sufficiency and sustainability [4] Group 3: Agricultural Trade - The MoU includes provisions for Indonesia to import major U.S. agricultural commodities such as soybeans, corn, and cotton, enhancing food security for Indonesia and providing U.S. farmers with a reliable export market [5] - This agricultural aspect of the agreement reflects a commitment to stability in trade relations amid global uncertainties [5] Group 4: Geopolitical Implications - The $34 billion deal signals the U.S.'s strategic intent to strengthen engagement with Southeast Asia, crucial for Indo-Pacific stability [6] - The timing of the agreement coincides with the U.S. preparing to impose new tariffs, highlighting the importance of securing cooperative trade partners like Indonesia [6] Group 5: Long-term Outlook - The scale and diversity of the MoU suggest a long-term agenda for commercial growth and strategic alignment, likely shaping the U.S.-Indonesia relationship for years to come [7]