Nanotech in China is the latest opportunity identified by Daxue Consulting for foreign companies. Based in Shanghai and Beijing, hubs for China’s tech booms, we’ve realized seen time and again that opportunities are a matter of good timing and knowledge, especially in cutting-edge fields. Research into nanotech’s development in China has revealed essential elements that investors and entrepreneurs should seriously be taking into account.
Here are Daxue Consulting’s 7 reasons why nanotech in China should be your next move.
The Market Is Turning to Applications
China first saw nanotech companies appearing in 1991, with only a few corporations identified the huge potential of the new technology. Starting in 2003 the nanotech industry experienced explosive growth in patent applications. Recently, companies have shifted to the most important aspect of a new technology; application. With more than 50 accredited universities and 20 official research centers supported by the Chinese Academy of Science, China is establishing a strong international presence in the nanotech industry. It’s ready to finally begin deploying tech solutions and meet the high demand for nanotech. Due to the wide range of applications, nanotech development is set to boost the performance of multiple sectors in China, benefiting everything from power generation, agriculture, manufacturing, construction, 3D printing and even food adaptation technologies.
Dynamic Research Communities
Suzhou’s Nanopolis is the world’s biggest multi-functional nanotech industrial community and is currently generating 20.4 billion RMB annually from the 120 corporations operating within its campus. This high concentration of nanotech experts is enabling innovation and realistic applications, becoming particularly convenient for developing new projects. China’s three other primary technological “poles” are located in Beijing, Shanghai and Shenzhen, forming an industrial belt for nanotech. Despite a reputation for being dominated by state corporations, Beijing shouldn’t be neglected, especially by investors seeking to build relationships with tech giants, or by entrepreneurs seeking to benefit from the city’s strong innovation community.
Unique Local Patented Technology
One of the best ways for businesses to enhance performance significantly is to expand its knowledge and to learn from its environment. The Chinese nanotech industry has more than 600 different companies accounting for more than 20% of the world’s nanotech patent applications. Entering into cooperation with Chinese companies facilitates access to that knowledge, ensuring better performance through technologies developed to meet local needs. This is important today because China has the largest number of new registered nanotech companies in the world accompanied by a current and projected high growth rate.
China Nanotech Needs International Support
China’s demand for nanotech has been projected to reach more than 7 billion USD by 2017 according to the Chinese government. This colossal amount will be shared by a comparatively small number of companies, compared to the glut of ecommerce companies capitalising on China’s growth in that sector. The 6th international conference on Nano science and Technology will be held in Beijing between the 3rd and the 5th of September, an ideal moment to connect with leaders in nanotech, meet experts, and importantly, demonstrate the value of international support for China’s growing domestic nanotech industry. A recent study shows that the primary setback to the market’s growth is domestic corporation’s difficulty in finding industry-specific ways to apply technology being developed. International companies with solutions will be welcomed in China.
Government Support
China’s central government has identified nanotech as one of the 4 top technology priorities in its latest technology and science development schedule. Regulations on the industry are still underdeveloped, allowing for greater leeway in pursuing ideas and business models. While this trend will change as the country modernises further and matures in its research and development, for now, companies can benefit from both government support and the pioneering market conditions to advance the field in new and innovative directions.
ioethicsy ech is one of the 4 top priotitieselo successful. culties to apply new technologies to the market. International comp
Local Partnerships Are Welcome
Despite high saturation and high competition from local players in other sectors, there are no Chinese mainland companies in the top 10 nanotech firms worldwide. A foreign company with the right connections, capital and credentials would rapidly acquire a large network and many opportunities for merging with the best Chinese firms. These highly lucrative partnerships will be in a position to capitalise on China’s massive demand. Relationships are built long term in China, so starting as early as now would be the best way to ensure mutual benefits for both firms. By combining Western methods and experience with the latest discoveries from the Chinese market, firms will be able to find solutions to the difficulties in applying tech to industries.
Wealth of New Opportunities
Unique opportunities will be arising from nanotech in the coming years. Nanotech in China has the particular opportunity of revolutionizing Chinese Traditional Medicine industries by separating efficient ingredients and maximizing the efficacy of certain molecules. The development of nano “super materials” will also be one of China’s most important objectives. A corporation in Xiamen is already able to produce half a gram of fullerene every day. Companies offering high-end nano material for electric devices and biotech is needed in China as the industry still seriously lacks expertise. Much like with green buildings and zero emissions technologies, the Chinese government will be favouring international projects promoting the utilisation of technologies aimed at efficiency; environmental nanotech is likely to be a particularly important segment for nanotech in the future.
Daxue Consulting Expertise
Daxue Consulting can provide you support in investing in nanotech in China. We conduct all the market research and consulting services you may need, such as potential analysis, cost analysis, implementation feasibility etc. To know more about nanotech in China, do not hesitate to contact our dedicated project managers by email at dx@daxueconsulting.com.
To learn more about Chinese innovations, follow us on Twitter:
How innovations in #China will change the world: From Artificial Intelligence to #mpayment https://t.co/Ne76zybkJF pic.twitter.com/ZlvQq7fz7q
— Daxue Consulting (@DaxueConsulting) August 18, 2017
