• access to a large pool of funds for research teams and startups
• well-established collaboration with many universities and research institutes globally
• strong connections with many industrial partners especially in the Chinese market
• fund for your research
• provide you with extensive market analysis
• commercialize your technology by forming a startup company or joint venture
• help you find research/business partners in both academia and industry
• provide resources for technology validation, product prototyping, pilot test, and getting user feedback
• help you find supply chain and customers
• provide support in securing further investments for your company
• If you need more resources to bring your technology to market --> BICI can fund your research
• If your technology is ready for market --> BICI can help you form a startup company to commercialize your technology
• If you are already a startup company --> BICI can form a joint venture in China with you to expand your market coverage
Research area
• In compliance with focus areas of BICI
Strength of innovation
• Strong technical advantage over current industry standards and competitors (supported by solid preliminary data or prototype)
• High technology barrier
• Patentable
Commercial potential
• Feasibility to translate invention into a product or service
• Addressing an unmet market need
• Clear market, large customer base
• No foreseeable obstacle in scale-up production
Project team
• Strong expertise and track record in proposed field of research
• Clear project goal with realistic approaches for translation
• Initial meeting with BICI to introduce the technology and discuss project scope
• Conduct preliminary technology assessment and market analysis
• Present findings to applicant in a secondary meeting
• Sign NDA
• 2-3 rounds of meetings with BICI to refine proposal and address concerns
• Conduct extensive technology assessment and market analysis
• Work with applicant to draft a collaboration plan and project proposal
• Discuss with applicant or affiliated organization on collaboration and IP terms
• Provide supplementary information if necessary
• Present the project to BICI committee and investment board
• Receive funding and collaborative resources
• Direct funding to applicant
• Involve resources
The typical funding for each project ranges from 100k to 2M USD. The duration of the project usually ranges between 1-2 year, depending on the maturity of the technology.
We require a clear and targeted market application for the proposed technology. If the specific application is not readily known, BICI will conduct market due diligence to identify the market need.