When seeking market entry to China and “landing” the business into China’s industrial technology parks, enterprises and especially those from overseas often struggle with evaluating and weighing the geographic advantages and preferential policies offered by different parks. Choosing the right place to locate the company is crucial in terms of obtaining R&D capabilities, sourcing talents, capital support, land resources, preferential economic policies, and the overall expedition of its commercialization process in China. In this issue, we will introduce you to the Global Healthcare Innovation Center (GHIC) located in Beijing.
GHIC is located in the Tian Di Lin Feng Innovation Park, Yong Tai Zhuang Bei Road, Haidian District, Beijing, neighboring the Global Health Drug Discovery Institute co-founded by the School of Medicine of Tsinghua University and the Bill and Melinda Gates Foundation, and the Asia-Pacific Innovation Center of Boston Scientific. The center is surrounded by scenic parks and accessible by public transportation.
Introduction to GHIC
With the goal of tackling the obstacles that healthcare innovation in China is facing, GHIC was founded by the Institute of Technology Transformation of Tsinghua University. GHIC’s healthcare technology innovation team provides services including project incubation, merger and acquisition, investment sourcing, licensing and promotion, registration and approval, original equipment manufacturing, and independent R&D assistance. The core objective of GHIC is to source and direct integrated global resources to meet the demands for healthcare technology innovation in China.
Relying on its abundant academic resources, ever-evolving scientific and technological achievements, and extensive experience with international cooperation, Tsinghua University has been dedicated to building a healthy ecosystem for the healthcare industry. In 2016, Tsinghua University co-founded the Global Health Drug Discovery Institute with the Bill and Melinda Gates Foundation. Meanwhile, the launching of research centers focusing on high-end sectors including Medical Imaging, Brain Science, Health Big Data, and Immunology was determined as an immediate next step. Additionally, Tsinghua University has been working in close cooperation with Washington University, Stanford University, Johns Hopkins University, University of Minnesota, University of Pittsburg, and high-tech startups located on the east and west coast of the U.S. With abundant local resources and extensive experience in gathering and sourcing global resources, GHIC is dedicated to providing efficient solutions for facilitating the landing and commercialization of domestic and overseas innovative healthcare technology in China.
Advantages of GHIC
GHIC and its healthcare industry fund offers professional services and resources for supporting the landing, development, and commercialization of innovative healthcare technology. The following are its three unique advantages:
1. Global Vision and Resources
GHIC has been working in close cooperation with leading domestic and overseas universities, research institutions, medical enterprises, healthcare specialists, researchers, and professors, leveraging the partnerships to integrate global resources and contribute to building a healthy ecosystem for the healthcare industry. Existing partners include Tsinghua University, Stanford University, Harvard University, University of Minnesota, Peking Union Medical College Hospital, The General Hospital of the People's Liberation Army, Beijing Anzhen Hospital, four Hospitals affiliated with the School of Medicine of Tsinghua University, and Boston Scientific. Looking into the future, GHIC will be more open and continue to expand its partnership network.
With extensive experience in commercializing healthcare technology and abundant resources aggregated from a wide array of partnerships, GHIC offers the full range of supports for domestic and overseas companies seeking to land and penetrate the Chinese market. Currently, GHIC offers a medical device service platform and a corporate service platform, supporting projects in four major directions including cancer treatment innovation, AI-assisted diagnostics, high-precision medical imaging, and brain science. Major services and advantages offered by the platforms include:
i. Assist enterprise with the obtainment of complete qualification
Targeting the difficulties for enterprise and especially start-ups to obtain complete operation qualification, the platforms provide diverse services, such as facilitating with the registration and approval processes, to clear the hurdles for corporate development.
ii. Professional supports that cover all stages of the project life cycle
In the aspects of product development and commercialization, services targeting investment and financing, market analysis, product positioning and planning, business strategies, and market entry and distribution are provided to expedite project development.
In the aspects of product R&D and regulatory approval, services including core team development, R&D assistance, prototype development, pre-testing, clinical research, and application for registration and approval are provided. The goal of GHIC is to lower the cost while improving the efficiency of product development by sharing its top-level resources and extensive industry experience.
iii. Full range of supporting resources
With its experienced team, GHIC clearly recognizes the challenges and demands in clinical settings and identifies and directs resources for promising sub-sectors that carry the potential to address these needs. Aside from the major services platforms, GHIC has also established the Cell Therapy Research Center, the Center for Hearing Research, and the Academician Work Station, which provide comprehensive and tailored supports and resources to fuel the development of innovative technology.
3. The Infrastructures that Fulfill the Diversified Needs of the Project Teams
GHIC consists of three floors. The first floor is a central exhibition area, which serves as a
platform for the routine display and promotion of recently landed projects. The second floor consists of 18 independent workspaces that are tailored to the needs of project teams of different sizes. Besides, public conference rooms, discussion rooms and training rooms are also equipped to fulfill the diversified needs of the teams. The basement level is the experimental research area, which consists of 10 storages, 7 laboratories, 3D printing stations, and 2 super-clean laboratories.
As a platform that supports the development of the healthcare industry, GHIC values the physical and mental health of every project team that works here. GHIC is equipped with recreation areas, fitness rooms, meditation rooms, and reading corners to provide the space for project team members to pull back from work and relax.
Exhibition of GHIC’s Infrastructures:
Bridge Point Capital is a private equity firm based in New York with a focus on U.S.-China cross-border investment. We invest in disruptive late-stage healthcare companies that can benefit from penetrating the vast, yet unexplored, Chinese healthcare market. We aim to leverage our expertise in both healthcare and capital markets to provide the best investment platform we possibly can for our investors.