Zhangjiang incubator echoing "Healthy China" strategy
Authorities announce the inauguration of the 895 Medical Health Incubator in Shanghai's Zhangjiang High Tech Park on Dec 26. [Photo/WeChat account: zhangjiangfabu]
The 895 Medical Health Incubator, a joint effort of the 895 Entrepreneurship Camp and HiMed Medical Innovation Space, started operation in Shanghai's Zhangjiang High Tech Park on Dec 26.
The incubator, a result of the cooperation between state-owned and private enterprises, is expected to improve Zhangjiang's incubation capacity in medical health.
It mainly focuses on two fields: smart medical treatment including new medical equipment, wearable intelligent devices, and bio-pharmaceutics, and smart elderly care involving home nursing, rehabilitation nursing, disease control and prevention, and the promotion of good health practices.
Also, the incubator pays great attention to the selection of innovative startups. Therefore, it has built a "scientist's office" system to ensure a strict evaluation process.
It learns from Israeli experience to achieve excellence and be professional in fields and projects it excels at, instead of wasting its limited resources and time on other things.
Industrial experts will be invited to help guide companies moving into the incubator. Currently, it has forged partnerships with authoritative research institutes and top-notched hospitals including School of Medical Instrument and Food Engineering at University of Shanghai for Science and Technology, Med-X Research Institute of Shanghai Jiao Tong University, and Zhongshan Hospital affiliated to Fudan University.
Several startup teams have already moved into the incubator, such as Shanghai Shecheng Medical Instrument Co, a startup focusing on the R&D of tooth-planting robots. A leader of Shecheng explained that entrepreneurship needs the right direction and the support of capital and talented personnel, and the 895 incubator can meet the company's needs.
Zhang Jie, head of the incubator, hoped that the incubator will discover more excellent startups and make contributions to the country's "Healthy China" strategy.
The 895 Entrepreneurship Camp is an annual event launched by the state-owned Zhangjiang High Tech Park Development Co, which has nurtured a large number of unicorn companies (startups with an estimated market value in excess of $1 billion).
From now on, the camp's medical health projects can directly move in the incubator, and startups in the incubator are also able to attend the camp. All of them can enjoy a one-stop service involving entrepreneurship guidance, resource matchmaking, law, and finance.