Thinking about entering China now? Consider Why, How and Who

My first blog post noted that an increasing number of foreign bio-entrepreneurs are visiting China with the hope of finding money, and “my follow-up “:http://blogs.nature.com/trade_secrets/2011/04/29/the-myths-about-chinese-money-for-your-startupexplained why most of them are likely to be disappointed. But I also commented that if you want to understand the Chinese market, then it makes sense to start getting familiar with it now.  Read more

The Myths About Chinese Money for Your Startup

The Myths About Chinese Money for Your Startup

As I mentioned in Part 1 of this series, foreign bio-entrepreneurs are increasingly coming to China to look for money. They come with two major misconceptions: First, they think there is plenty of VC money available for biotech startups; and second, they believe they can get free funding from the government and local bio-parks in China. Unfortunately, the reality can be far from their perception. Myth #1: There is plenty of VC money available around China. The truth is that at the moment, there is very little money available for early stage ventures, and even less for early stage bio-ventures  … Read more