Healthcare Innovation Challenge
Accelerate cross-border innovation partnership
MyBioGate CUBIO Innovation Center
Jiangsu Industrial Technology Research Institute / Suzhou Industrial Park / Zhongguancun Life Science Park / Chengdu High-tech Industrial Development Zone / Xi’an High-tech Industrial Development Zone
Nanjing Jiangning National High-tech Industrial Park
About the Challenge
Hosted by MyBioGate and co-organized by 100+ top-tier life science industrial parks, corporates, investors, MGHC serves the healthcare innovators to acquire the vast resources needed to start and grow business in China. The program is designed to discover medical devices and biotech innovative projects which has the most potential to succeed in China. Basic on China’s market demand, we have carefully selected the most popular areas, including IVD, rehabilitation devices, wearables, orthopedics, medical imaging, etc. We are calling innovative projects and teams worldwide which are interested in taking apart in China’s emerging market.
5-20 Finalists from each sector will be sponsored for a half-year extensive acceleration program, which will help the projects to find suitable investors, business partners, and industrial parks, as well as gain China market knowledge for continuous success. Projects can expect to optimize executable China strategy, connect to KOLs, capital, clinical, and distribution channels; our professional team will help to evaluate and pre-select, conduct online roadshow, facilitate online partnering, form acceleration advisory board, all for FREE.
Depending on where the project lands in China, early-stage R&D fund, business start-up, office, HR, and other subsidized funds and financial support are available.
Develop Product-Market Fit
Find product-market fit through hands-on, intensive potential market interaction and feedback from mentors. Quickly develop and polish China market strategy, business plan, and fund-raising plan based on product-market fit.
Find Business Partner
Receive hands-on support from mentors and advisors, find, select, and negotiate with Chinese business partners. Develop a solid growth partnership with Chinese partner.
Secure the first round of investment, leading equity investment (investors to follow). The MyBioGate Fund is also available for suitable projects.
Receive support and form a strong and competitive operations team in China, start operating in China.
Access vast resources in CRO, professional incubation service, manufacturing, market channels, product approval, and certifications, etc.
Eligibility and rules
- The project or team should have a desire or plan to enter the Chinese market or seek Chinese partners.
- Innovative, with independent intellectual property rights and no IP disputes.
- The project should have great market potential in China.
- The product is already on the market, or is at the later stage development, or has a clear business model and development plan.
- The project should have a strong team, with at least 3 people. Chinese speaking or previous China-related work experience will be a great advantage to help your business succeed.
- The participants should be responsible for the legal problems caused by the violation of these rights. The technical documents and data provided must be true and reliable.
Together with the best investors, leading healthcare companies and regional healthcare communities, we are calling for innovative healthcare projects from around the world to join us take advantage of the largest emerging market.
Please note: each project will follow the same process, regardless of time enrolled or submitted to the challenge. This is NOT a competition, and you are NOT competing with other projects; your project will be evaluated purely to see if there is a potential interest in China, and move forward from there.
Submission will be open from July to Oct. Please submit your project now for immediate evaluation and partnering.
Initial review will be conducted by a team of experts consist of industrial park advisors, top healthcare company and investors, clinical experts. The initial review is based on actual business needs from these entities.
We will promote your project through our platform, as well as our reputable Chinese media partners.
The online roadshow and partnering will be based on interests show from potential Chinese partners. We are expecting the potential Chinese partners to select 5-20 preferred projects that they would like to further communicate and discuss. These projects will then enroll a 6 months free cross-border accelerator program.
Selected preferred projects will enroll a free accelerator program, where they will achieve the following:
1.Complete and perfect Chinese market and fundraising strategy
2.Find reliable and professional Chinese partners
3.Select industrial parks and cities that the project will initiate in China, and obtain free office space
4.Raise the first Chinese market development “seed fund”
5.Form competitive Chinese operation team
6.Apply for lead investment, R&D and human resources subsidies
Companies graduated from the accelerator program will be awarded with a package of up to 1Million USD financial support to land and operate in China. MyBioGate professional team will provide continuous support to ensure smooth transition and success.
June 2 Preliminary, Philadelphia, U.S.
Sept 10 Preliminary, Boston, U.S.
Nov 10 Preliminary, Hamburg, G.E.R.
Jiangsu Industrial Technology Research Institute
Suzhou Industrial Park
Xi’an High-tech Industrial Development Zone
Nanjing Jiangning National High-tech Industrial Park
Zhongguancun Life Science Park
Chengdu High-tech Industrial Development Zone