A total of 12 pharmaceutical and biotechnology actors from Austria were able to get a first hand picture of the research environment in Singapore and benefited from the Austrian Sino Life Sciences Conference in Shanghai. Unique opportunities were offered to the Austrian companies to present their products and services to a Chinese specialist audience and to get to know potential business partners in B2B meetings. China’s center of the chemical and pharmaceutical industry, Shanghai, was represented with 70 Chinese and international companies and almost 200 participants. A number of cooperation initiatives must be pursued next.
Delegations can sometimes result directly in successful business transactions, as was shown by the example of Inoxia Life Sciences GmbH. The Vienna-based company signed a cooperation agreement in the field of technology development with the Newsummit Biopharma Group from Shanghai.
The trip was made possible by the internationalization offensive go-international, an initiative of the Federal Ministry of Science, Research and Economy and the Austrian Economic Chambers.