1 / 6

Massachusetts Technology Base

Massachusetts Technology Base. July 5, 2007 at Tsinghua University Institute Hebei, China. Development Plan. The Development of MTB will be Divided into Three Phases Phase one:Information Platform Phase Phase Two:Transaction Realization Phase

barbra
Download Presentation

Massachusetts Technology Base

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Massachusetts Technology Base July 5, 2007 at Tsinghua University InstituteHebei, China

  2. Development Plan The Development of MTB will be Divided into Three Phases • Phase one:Information Platform Phase • Phase Two:Transaction Realization Phase • Phase Three: Entry Base for Massachusetts Companies

  3. Phase One: Information Platform Base • Create a web site to list the technology available in Chinese and English • Provide training for key personnel to understand the business cycle and procedure of technology transfer such as legal framework, assessment, evaluation of technology, IP protection and financial arrangement • Conduct workshops and show cases to connect the technology owners, investors and industry together • Build partnerships with local associations and business communities • Identify projects and create the project pipeline

  4. Phase Two: Transaction Realization Phase • Finish two transactions from end to end • Learn the whole business cycle • Establish and improve the communication channel • Create and transfer the the values to both communities • Further establish the image and reputation of MTB • Integrate more partners and resources to help the growth of MTB • Build up the knowledge and experience • Create a sustainable strategy

  5. Phase Three: The Entry Base for Mass Companies Challenges for Mass Companies • Lack of internal expertise with regard to Chinese business culture and formality • Limited understanding of actual Chinese market needs and geographical constraints • Lack of understanding of Chinese legal framework • Lack of communication channels for gaining necessary and correct information with regard to entrance and development • Limited access to Chinese public resources • Lack of support for foreign businesses from Chinese public sector • High entry barriers for foreign companies • Lack of tools for risk assessment. (e.g. Companies do not know what will happen and when it will happen)

  6. MTB is the Solution for All These Challenges • Lower the risk and cost for China market entry • Create a system to connect with China directly • Provide opportunities for Mass companies to expand into Chinese market • Create a platform for Mass companies to integrate with global resource • Maximize potentials by integrating resources and relationships have been developed by UMass and other State agencies

More Related