Transforming an industrial center's economic development
A municipality’s evolution
Anting, a township in the Jiading District of Shanghai, is one of China’s automotive industry centers. Anting faces significant global competition and cost pressure due to rising labor costs in the region. As part of its economic development plan, the township seeks to diversify its industrial base by attracting high-tech industries, and it sees healthcare as a major opportunity for an industry cluster. With the relocation of a major acute care hospital facility to the area, local government officials wanted to identify and attract companies to a new tech-park development complex. Anting engaged a China Lab team to evaluate how to build out a healthcare-related innovation ecosystem around its new medical complex and attract global institutions and companies to locate and partner with it.
Bringing medical innovation
After evaluating innovation healthcare clusters in the US and Europe, and emerging trends in China’s healthcare system, the team focused on precision medicine, an innovative segment of the healthcare space. They mapped out the full ecosystem of possible research; pharmaceutical, diagnostic, and therapeutic technologies that could integrate with the medical center and other existing facilities in liver transplant and cell therapies. The team identified key thought leaders in this field and how to attract the conference gatherings, companies and talent necessary to build out a vibrant industry cluster. The China Lab team provided Anting with an implementation roadmap detailing priority segments, potential partners, and pitch proposals to move forward with its economic development plan.