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Accelerator, 2018

Safety Belt to Go2China

21st August 2018

EIT Health Go2China programme can be potentially integrated with the Go Global strategy of the Republic of China

The EIT Health Go2China programme, is an EIT Health Accelerator GoGlobal Programme supporting European ventures so that they can expand beyond Europe’s borders to China, more specifically to the highly innovative region, the so-called Silicon Bay of China.

China became the third-largest foreign investor in the world and through its trade and investment linkages, its economy bridges numerous global value chains (GVCs), which have become a dominant feature in today’s world economy.

The Safety Belt to Go2China programme was successfully completed in China-Shenzhen between 12 and 18 November. There were 13 European Biotech, Medtech and Digital Health start-ups involved, including three RIS players engaged in Big Data, applied AI, software & hardware solutions, medical devices, educational & research tools.

They all had the privilege to attend the 5th e-Health Expo, the 20th China Hi-Tech Fair, and participated in the EIT Health investment cooperation fair as well as several B2B meetings (project investment roadshow).

The Go2China outbound mission was organised and led by E-Group and supported by IMEC and the University of Groningen. Our Chinese prominent partners included innovative investment institutions, venture capital companies, industrial parks, incubation bases, enterprises, medical institutions, hospitals, universities, importers, distributors, association organisations, etc. The parties conducted business, institutional investment and cooperation negotiations.

The primary goal of the Go2China outbound mission was to gain more insiders’ knowledge about the Chinese health and e-Health market, and assist the participating companies with a soft landing entry point necessary for their international expansion in China. The participants were provided with seminars, webinars and other Chinese-culture and business-related training before, during and after the Bootcamp in Groningen.

They also attended a webinar organised prior to the outbound mission in order to accelerate their entry into the Chinese health market. Participants could discuss and improve their market entry strategies, take part in seminars on market opportunities and socio-economical developments held by Chinese experts, including sharing success stories with such partners which already work or worked in the Chinese market.

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