Location analysis of Nantong (China) for an innovation hub of a German state
The project aimed to analyse the healthcare industry and market in Nantong and to identify the market entry and further expansion environment and requirements for German SMEs. The goal was to gain insights into the internationalization strategies as well as the opportunities and challenges in the context of the defined target location and industrial cluster for healthcare SMEs in the federal state.
Approach
Evaluating Nantong as a location for your business is essential to ensuring your success in the Chinese market. We conduct a thorough analysis of the local healthcare system, market status, regulatory environment, and current trends and technologies to help you make informed decisions.
Our team leverages SILREAL's government and industry network to identify and source potential local stakeholders. We use qualitative interviews, surveys, and general research to gather information on the requirements, risks, opportunities, and challenges associated with entering the Chinese market.
We also help you to identify potential cooperation partners in Nantong with whom you can collaborate and establish a strong presence in the market. Our approach is tailored to your specific needs and objectives, ensuring a seamless and successful market entry.
Result
During our discussions, we present and consider potential next steps for your business, including the possibility of a digital or physical business trip to Nantong.
This will enable you to gain first-hand experience and insight into the market, establish important connections with local stakeholders, and further explore potential opportunities for your business.
We will work closely with you to determine the most effective and efficient approach to meet your specific needs and objectives.