Technology Vision Group (TVG), one of the leading business development organizations serving the life sciences industry, announced its collaboration with strategic partners to enable foreign life science companies to expand into China, during the BioPartnering North America Conference.
This new initiative is called BioPartnering China and is aimed at making it easy for life science companies to meet their Chinese counterparts in a professional and organized atmosphere. TVG is creating an environment in which the world’s best life science companies can meet their Chinese counterparts to do business together. TVG will collaborate with the China National Center for Biotechnology Development (CNCBD) in Beijing, which is a Department of the Ministry of Science and Technology (MOST), the Tianjin Municipal Science and Technology Commission (TSTC), the European Federation of Biotechnology (EFB), and BayHelix Group, an elite organization of Chinese life science business leaders. TVG will also work closely with ChinaBio which is based in Shanghai, San Diego and Palo Alto.
According to Dr Robert Lee Kilpatrick, Partner at TVG, BioPartnering China will be held on June 26, 2009 in the special economic zone in the Tianjin area. It will form part of the biennial BioEconomy conference on June 26-28, 2009, which is initiated and sponsored by the Ministry of Science and Technology of China and Tianjin Municipal Government, which provides an opportunity for biotech professionals, government officials, business leaders and others from around the world to exchange their advanced knowledge, skill, policies and experiences in the research and application of biotechnology. A further China networking forum, BioPartnering 2.0, will quickly follow in London as part of BioPartnering Europe (BPE) on October 14. BioPartnering 3.0 will be a full conference in China in 2010 and will comprise partnering, conference, networking and an exhibition.
The growth of biotechnology in China is accelerating and reaching the critical mass necessary to be a globally competitive industry. The time is right to start building partnerships with Chinese entrepreneurs and life science companies as new sources of private and government funding have created an enormous number of start-up companies. The companies are led in many cases by “sea turtles,” the returning Chinese scientists and business students leaders trained overseas, particularly in the US. Many of these individuals of influence work together through BayHelix Group.
Mr Darren Ji, Board Director of BayHelix Group said, “China is becoming a critical player in the global life science community. Over the years Chinese life science leaders at BayHelix have helped at both government and local levels to shape the development of the life science industry in China. Many BayHelix members are prominent industry leaders who directly or indirectly operate life science businesses in China. It is exciting to see the launch of BioPartnering China, which will bring China to the global stage of the lifescience community in a highly professional and effective way. We envisage that tremendous opportunities could be developed and bridged through this premier conference between China and the world.”
The Chinese government has established national ministries and departments focused on this sector, most notably the Ministry of Science and Technology (MOST) and its lifescience division, the China National Center for Biotechnology Development