" as="other"> CUBIO Texas Challenge - Connect with Chinese Pharma and Investors in Healthcare Innovation
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CUBIO Texas Challenge

Providing funding to medical technologies in the US and China by focusing on collaboration guided by our mission and centered on people

About CUBIO Texas Challenge

At CUBIO, we are committed to bringing in the right talents and expertise within Houston and Texas, which need support and guidance in expanding their business in China. To provide a more efficient growth path, we are now launching the CUBIO Texas Challenge. This directed accelerator program is designed for all mid-and late-stage innovative projects to be ready and set up to expand their business with the Chinese market. The immersion experience will include a one-to-six-month incubation training at CUBIO, Houston, and a 30-day immersion Bootcamp within China. The entire program is totally FREE!*

*Our partner JITRI will fully sponsor your expenses in China according to your project completion. CUBIO will not charge you any training or service fee for the program. CUBIO reserves the right to the final interpretation of the CUBIO Texas Challenge.

Understanding the China Market

Market and Regulatory Requirements for MedTech

5 keys to Access the China Market

Panel – Market growth in the Med-tech device Industry in China and Globally

Eligibility and rules

We are calling for innovative medtech, biotech, and medical device projects from Texas to join us and take advantage of the world’s largest emerging healthcare market. Applicants must meet the following requirements:

– They must be owners of startups (launched or close to launch) or mature companies in the medtech, biotech, and medical device fields

– They must have a desire or plan to land in China

– Their product must either be already on the market, at the later-stage of development, or they must have a clear business model and development plan to realize the product.

– All technical documents and data provided must be accurate and reliable. Should any participants apply under false pretenses, they shall be held responsible for violation of the rules.

Benefits

If you have a medtech, biotech, or medical device company and are looking to expand to China, the CUBIO Texas Challenge can provide the resources and guidance you need to ensure the success of your company in its overseas growth.

CUBIO has partnered with JITRI to provide you with the necessary funding and training so that you are ready for business in China. The ideal candidate to the Challenge will have launched or be near launch.

Funding and Connections

JITRI will be the first investor in your Chinese company, providing the initial funding of about $50,000. Representatives from JITRI will also introduce you to an industrial park in China that is a proper fit for your company’s needs and goals.

Collaboration Terms and Conditions

In return for its initial investment, JITRI will receive equity of about 30-40% in your Chinese company. There will be no transference of IP with JITRI and no in-licensing. JITRI will not have any involvement in company’s US branch.

Timeline

CUBIO is prepared to meet you where you are in your stage of readiness to launch a branch of your business in China. We understand that no company is the same and offer flexibility based on your progress. Depending on your company’s readiness is when you are accepted into the CUBIO Texas Challenge, we have a timeline to suit you.

Project Launch

December 2020

Project Screening

December 2020-first week in February 2021

Project Selection

First week in March 2021

Incubation period

0 – 3 months

Cultural Training and Industrial Park Overview

Prior to your departure for the bootcamp in China

Bootcamp in China

2 – 4 weeks

Company Launch in China

2021

Project Launch

December 2020

Project Screening

December 2020-first week in February 2021

Project Selection

First week in March 2021

Incubation period

3 – 6 months

Cultural Training and Industrial Park Overview

Halfway through the program (ex: at the 3-month mark for a 6-month program)

Bootcamp in China

2 – 4 weeks

Company Launch in China

2021/2022

Our services

In Houston (CUBIO Innovation Center)

After being accepted to the program, you will take part in a 3-6 month incubation and acceleration period. This period is designed to help you to obtain an overall insight of China market opportunities, understanding cultural and regulatory differences, and providing preliminary guidance. The incubation and acceleration period will become your first step to achieving your goal to land in China.

In China (Bootcamp)

Once applicants are ready for international expansion, our partner, Jiangsu Industrial Technology Research Institute (JITRI), will sponsor them on a 2-4-week immersion bootcamp in Jiangsu, China. This  program is only for companies that are seriously seeking to land in China.

Case Study

TomoWave

Tomowave is a US photoacoustic tomography technology company whose leading product is in breast cancer screening. In 2018, the company connected with JITRI for the first time. After two years of project polishing, regular communication & negotiation, and site selection, TomoWave signed their landing agreement with JITRI in December 2020, thereby establishing TomoWave China.

Our Partners

Jiangsu Industrial Technology Research Institute (JITRI)

Founded in December 2013, JITRI aims to support and promote both industrial technology research and the commercialization of advanced technologies that may attain success in Jiangsu Province. JITRI focuses on bridging the gap between fundamental technology research and commercialization in China by providing financial support for medtech, biotech, and healthcare companies in their growth and development. JITRI has personnel of over 6,000 and representative offices in 7 cities around the world. Its research areas include advanced materials, biotechnology and new medicine, high-end manufacturing and equipment, new gen information technology and software, and energy conservation and environmental protection.

For more information, please visit their website.

Suzhou Industrial Park (SIP)

Established in February 1994, Suzhou Industrial Park (SIP) is the first governmental cooperation project between China and Singapore. SIP covers an administrative area of 278 sqkm and with 800 permanent residents. It is a component China’s reform and opening-up policy which was reinvigorated with Deng Xiaoping’s Southern Tour in 1992. SIP is the first open comprehensive innovation experimental area in China.

With experience gained from this partnership with Singapore and other advanced countries and regions, SIP has adopted a succession of strategies that facilitate innovative industrial development, economic globalization and urban modernization. Due to these efforts, it has made remarkable achievements in both economic and social development, including setting up a management system and an operation mechanism in line with international norms. To support its development, the Chinese and Singaporean governments founded the Joint Steering Council, blazing a trail for mutually-beneficial international economic cooperation.