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Zurich, October 23rd - Three Swiss startups won seats for the final of the IPIEC GLOBAL 2019 pitching competition mainly organized by WTOIP, the gateway to China by offering Intellectual Property and Technovation service. The winners earned themselves a two-week roadshow in China and the chance to compete for the $100,000 international prize. A fourth winning startup received the Haikou National High-Tech Incubator prize: a week-long market exploration trip through Hainan's startup ecosystem.
The jury of Sino-Swiss startup experts and investors selected BioVersys, Flyability, and Topadur as Switzerland's winning trio to tour eight Chinese mega-cities, and compete in Guangzhou for IPIEC GLOBAL's top international prize in December.
IPIEC STRENGTHS SINO-SWISS TIE IN TECHNOVATION AREA
IPIEC Global is running in its 3rd year and it becomes a window that attracts Swiss startups to enter China. Co-hosted by Venturelab at the startup space and sponsored by Haikou National High-Tech Incubator, the contest attracted applications from startups developing innovative AI, advanced manufacturing, big data, biotech, energy and IoT technologies. An audience of 70 listened keenly as the founders of the 10 short-listed finalists pitched, and learned more about China's high-tech ecosystem and networks during discussions with investors in and from China.
“The seven jurors made a difficult selection based on the winning startups’ interest in the Chinese market and readiness to land in China,” said Edmont Rao, senior vice-president of WTOIP, "These startups represent the best of Swiss innovation for potential partners in China," he added.
"We’ve very happy that our partnership with WTOIP allows us to foster further relations between China and Switzerland," said Jordi Montserrat, managing partner from Venturelab, jointly organizer of IPIEC Global Swiss Chapter. The Swiss startup supporter’s Venture Leaders programs have brought 60 Swiss startups on roadshows throughout China over the past 6 years.
The startups, with leading technologies in drone-inspection, tuberculosis treatment, and wound-healing, will take a two-week matchmaking tour to meet potential industrial partners and investors. Fourth winner Medyria, which uses blood flow sensors to localize the position of a catheter within the human body, will visit Hainan later this year.
IPIEC is primarily an innovation contest. However, it is much more than just a contest, but a trinity of contest, resource platform and incubation program. It helps tech projects dive into a broader market and get access to integrated resources such as professional guidance, financing sources, more potential business partners and skillful talents.
Meanwhile, IPIEC participants can obtain systematic training and quality consulting from experts along their business growth cycle, which makes the contest can an excellent incubation program.
SWISS BIOTECH ATTRACTS CHINA INCUBATORS
Statistics show that Switzerland is the most powerful and innovative biotechnology base in Europe, and the biopharmaceutical industry in Switzerland, represented by monoclonal antibody drugs, including vaccines, blood products, recombinant protein drugs, polypeptide drugs, biological extracts and gene therapy, accounting for about 70% of Switzerland's biotechnology industry. There are tremendous opportunities for those companies to enter the China market.
WTOIP joined hands with Haikou National High-Tech Incubator this year to seek for promising Swiss biotech startups to land in Haikou. The incubation center is the first integrated incubator in Hainan Province，as well as one of the first projects for the construction of Industry International Innovation Park of Haikou National Green Technology. The incubation center focuses on supporting bio-pharmaceutical, information and communication, new energy, new materials, automobiles and other high-techs by providing unpaid subsidy funds，equity investment and Installment. The center supports the industrialization of the high-tech achievements and strives to provide a high-level public technology service platform.
Ms. Wang Zhiyi, Deputy General Manager of Haikou National High-Tech Incubator Operation gave a welcome speech for the event. Ms. Liu Nanxi, Office Director from Haikou National High-Tech Incubator Operation also gave a presentation on Hainan province and the incubator policy on scene. Christian Schaub, Co- founder and CEO from Redbiotec AG and Lukas Zuest from the Swiss innovative law firm VISCHER joined the event as honorable judges as well.
In order to attract the Swizerland’s entrepreneurs, IPIEC deliver good bonus policy for the winners in China final who are able to win100K, 50K and 20K grand cash prize accordingly in addition to supports of marketing and escorting in China. Moreover, the winners in the final will be offered feasibility analysis, requirements traceability, corporate rewards and supports for the intellectual property. With a long term adopted vision of turning the ideas intu reality, WTOIP pay much attention on the locality and practicability for selected projects. With a team full of professionals and resources in multi sectors, IPIEC is able to empower Swiss technovation startups entering the China market.
The route to your success in China market. IPIEC GLOBAL 2019:www.wtoip.com/ipiecglobal/en.