News Article
Australian export drives Chinese innovation
Altium invests in new China education, licence amnesty programmes to
accelerate software exports to China.
Australian electronics design solutions
company Altium has announced significant investments in China which
will accelerate the migration of users to Altium’s latest
generation electronics design tool, and boost the teaching of unified
electronics engineering in Chinese universities. The new investments
are: an amnesty for users of unlicensed Altium software; and
sponsored programmes, special pricing, inclusive training, and
electronics engineering centres of excellence in selected Chinese
universities.
The Chinese government’s national policy to accelerate Chinese innovation and support the protection of intellectual property, and the estimated 300,000 users of Altium’s software in China, create a strong opportunity for Altium to grow its export revenue even further (currently 96% of Altium’s sales are from outside Australia).
“Altium believes China can become a worldwide electronics design power house, in consumer and industrial electronics,” said Emma Lo Russo, Altium’s President and Chief Operating Officer. “The Chinese government’s national commitment to move from ‘made in China’ to ‘design in China’ supports innovation from universities through to business. And China’s electronics designers will turn to next generation electronics design tools that allow innovation to become reality.
“Altium has a huge platform on which to build: 73% of Chinese engineers, and 80% of China’s electronics engineering students, use Altium solutions. This provides an enormous opportunity to migrate large numbers of engineers to licensed versions of Altium’s next generation unified electronics design solution.”
The company believes it can convert a conservative 20% of these users, with the potential to translate into tens of millions of dollars in export sales.
This export success represents new opportunities for Australia’s IT sector worldwide. “Altium boasts a long standing presence in China that is now starting to deliver real benefits,” said Christopher Wright, Austrade's Senior Trade Commissioner in Shanghai. “China's improved IP environment is allowing Altium to increase the transfer of Australian high technology expertise to China, and to work in partnership with Chinese businesses and academic institutions to drive innovation in China. It’s a powerful example of how Australian companies can drive growth and be successful in China.
“Altium's success shows that China's rise is not just about growth but also diversification, and demonstrates the potential of China's transition from a manufacturing centre to a global hub of design excellence,” said Austrade’s Wright.
The Chinese government’s national policy to accelerate Chinese innovation and support the protection of intellectual property, and the estimated 300,000 users of Altium’s software in China, create a strong opportunity for Altium to grow its export revenue even further (currently 96% of Altium’s sales are from outside Australia).
“Altium believes China can become a worldwide electronics design power house, in consumer and industrial electronics,” said Emma Lo Russo, Altium’s President and Chief Operating Officer. “The Chinese government’s national commitment to move from ‘made in China’ to ‘design in China’ supports innovation from universities through to business. And China’s electronics designers will turn to next generation electronics design tools that allow innovation to become reality.
“Altium has a huge platform on which to build: 73% of Chinese engineers, and 80% of China’s electronics engineering students, use Altium solutions. This provides an enormous opportunity to migrate large numbers of engineers to licensed versions of Altium’s next generation unified electronics design solution.”
The company believes it can convert a conservative 20% of these users, with the potential to translate into tens of millions of dollars in export sales.
This export success represents new opportunities for Australia’s IT sector worldwide. “Altium boasts a long standing presence in China that is now starting to deliver real benefits,” said Christopher Wright, Austrade's Senior Trade Commissioner in Shanghai. “China's improved IP environment is allowing Altium to increase the transfer of Australian high technology expertise to China, and to work in partnership with Chinese businesses and academic institutions to drive innovation in China. It’s a powerful example of how Australian companies can drive growth and be successful in China.
“Altium's success shows that China's rise is not just about growth but also diversification, and demonstrates the potential of China's transition from a manufacturing centre to a global hub of design excellence,” said Austrade’s Wright.
