Medical Device/Health Care Mission to China - March 21 – 24, 2017
Date: March 21 – 24, 2017
Location: Beijing, Tianjin, China
Organizers: Global Affairs Canada (GAC) & the National Research Council Canada, Industrial Research Assistance Program (NRC-IRAP)
Description of the Initiative
China is the most populous country in the world and is facing many challenges related to an aging population and limited access to health services in rural areas. To address this, the Chinese government has made large investments into building the necessary infrastructure and upgrading technologies in the health care sector. By 2025, China will have nearly 300 million senior citizens. Medtech market growth is forecast to be in the region of 20% through 2018. Local companies are being encouraged to move up the value chain and invest in R&D so as to develop and manufacture more sophisticated and quality medical devices.
Significant opportunities exist for Canadian companies interested in joint research or commercialization opportunities in China. BEJING has conducted a number of outcalls with potential local partners including research centers, local STI authorities, medical device companies and potential investors. Chinese companies with manufacturing capabilities have shown strong interest to work with Canadian companies/research institutions to develop innovative technologies in the following areas:
- Precision cancer care
- Mobile health
- Non-invasive diagnostics
- Modern laboratory medicine
- Medical devices (cardiovascular, rehabilitation, implants)
In partnership with NRC-IRAP, the Embassy of Canada in Beijing will recruit a group of 8-12 companies in the medical device/health care sector to visit Beijing and Tianjin from March 21 – 24, 2017. The Canadian embassy will organize a customized itinerary for the group that will provide exposure to key local partners interested in partnering with Canadians for technology development and commercialization.
The following business activities will be developed to help Canadian companies to meet potential partners, understand the niche opportunities in the market, and best business practices in China:
- Embassy briefing session on China’s business environment and IP protection strategies;
- Workshop/match making sessions with local counterparts, such as industries, associations, local science and technology promotion agencies;
- Site visits
Travel support may be available for all selected participants. The Going Global Innovation program may provide financial support for 75% of all eligible expenses such as airfare, hotels, and transportation. Please see the website for full details. As soon as you are selected, you must email firstname.lastname@example.org to receive a GGI application package. For post-mission financial support, the Government of Canada is developing funding mechanisms to support Canada-China collaborative industrial R&D projects. Details will be announced over the coming months.
Expression of interest to participate in the Medtech Mission should be send to NRC-IRAP’s Industrial Technology Advisor (ITA), Alexei Doudkine at Alexei.Doudkine@nrc-cnrc.gc.ca by February 10th.
NRC-IRAP and the Canadian embassy will select a final list of participants. The selection decision will be sent to the applicants by February 17th, 2017.
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