Top 10 Biotech Startups Emerge from the 6th Beijing Biomedical Innovation Competition
On July 13, 2017, VCBeat (WeChat Official Account: vcbeat) learned that the finals of the Beijing regional biomedical competition of the 6th China Innovation and Entrepreneurship Competition had successfully concluded. Held under the guidance of the Torch High-Tech Industry Development Center of the Ministry of Science and Technology and the Beijing Municipal Science & Technology Commission, this biomedical-focused startup competition was organized by the Beijing Business Incubation Association and the Beijing Makerspace Alliance, with Health Valley serving as the organizer.
List of Participating and Award-Winning Companies:
1. Beijing Menice Surgical Robot Technology Co., Ltd. — Medical Device Project
2. Beijing Amate Medical Device Co., Ltd. — Medical Device Projects
3. Beijing Meide Houpu Technology Co., Ltd. – Medical Device Project
4. Beijing Yisheng Dongli Biotechnology Co., Ltd.—Agricultural Technology Project
5. Beijing Yaguo Technology Co., Ltd.—Respiratory Instrument Projects
6. Beijing Huaxia Xingyang Biotechnology Co., Ltd. – Biological Vaccine Projects
7. Meiyin Health Technology (Beijing) Co., Ltd. — Genetic Testing Projects
8. Beijing Hua'an Kechuang Biotechnology Co., Ltd. – Chronic Disease Treatment Projects
9. Beijing Demate Jiekang Technology Development Co., Ltd.—Medical Diagnostic Projects
10. Beijing Quanjia Technology Co., Ltd. — Chronic Disease Management Project
Note: The list is in no particular order.
Beijing Health Intelligence Valley
New Business Formats in Health Intelligence Valley
As China’s first healthcare industry and entrepreneurship cluster, Health Intelligence Valley leverages the strengths of Tianyi Group, a leading Chinese industrial and investment group centered on healthcare, as well as Meinian Onehealth, the largest listed health checkup company in China, with its vast customer base, health big data, and offline medical service platform. Guided by its core mission to “lead industrial innovation and intelligently build a Healthy China,” it aims to create China’s most valuable innovation platform for the health industry.
Health Valley is committed to building four major models: the Innovation & Entrepreneurship Edition (HealthWork), the Ecological Edition (Health and Happiness Town), the Micro Edition (Health Valley Commercial Street Stores), and the Premium Edition (Health Valley Institute/Hospital Version). It currently operates four major parks in Beijing, Shanghai, Hangzhou, and Shanghai Jiading, along with an office in Silicon Valley. The Chongqing Health Valley and Beijing Yizhuang Health Valley are also scheduled to launch in 2017.
Address by Shi Wenjian, Representative of the Organizing Committee of the Beijing Municipal Science and Technology Commission Competition
First, Shi Wenjian, a representative of the Competition Organizing Committee of the Beijing Municipal Science & Technology Commission, delivered an opening address. He stated that the competition aims to gather and integrate resources for innovation and entrepreneurship, guide support from all sectors of society for such endeavors, and establish a platform to serve innovation and entrepreneurship.
Address by Liu Huiqin, Partner at Tus-Holdings Venture Capital
Subsequently, Liu Huiqin, Partner at Tus-Holdings Venture Capital, delivered remarks on behalf of the judging panel. She expressed her hope that the competition would attract greater attention to innovation and entrepreneurship and provide support to outstanding startup enterprises.
Contestant Profile
Since the launch of registration, this competition has attracted significant attention from numerous entrepreneurs. Following online preliminary selection and semi-final rounds, a total of 10 companies advanced to the finals. The participating projects covered specialized fields such as health big data, medical devices, smart hardware, telemedicine, mobile health, in vitro diagnostics, and health management. After intense competition in the final round, the awards were announced: one First Prize, two Second Prizes, three Third Prizes, and four Excellence Awards.
Winners of the first, second, and third prizes come on stage to receive their awards.
Winners of the Excellence Award Take the Stage to Receive Their Prizes
Following the competition, Jin Bi, Deputy General Manager of Health Intelligence Valley, granted an interview to the media. Reporters primarily questioned Mr./Ms. Jin regarding the original intentions behind hosting the competition, the gains achieved, and whether there would be deeper collaboration with project participants after the event.
Jin Bi stated that Health Intelligence Valley is grateful for the trust placed in it by the Science and Technology Commission to host this competition. The Health Intelligence Valley park is already home to many outstanding biopharmaceutical companies, and we can leverage our platform to attract participation from more high-quality projects.
Health Intelligence Valley does engage in deeper collaborations with project teams; we select high-quality projects for investment and in-depth business cooperation. For instance, we have had collaborative projects with companies such as Nurotron and 66Brain in previous years.
As investors, we not only value a company’s future potential but also place greater emphasis on its comprehensive revenue-generating capability in the short and medium-to-long term. Whether it holds leading advantages in technology, cost, and market is a key metric in our evaluation.
As the host of this conference, Health Intelligence Valley will continue to monitor developments in the biopharmaceutical sector, listen to the most cutting-edge voices in the industry, and jointly explore the future of biopharma with industry stakeholders.