The China Startup Pulse

Open Innovation in Healthcare from Academia to Corporates to Startups: She Loves Tech Series with Dr. Yongqin Zeng, Senior Director Innovation Lead at Philips Venture

Episode Summary

Today, we have a very special episode we are bringing to you, together with She Loves Tech. She Loves Tech is the world’s largest startup competition for women and technology. During the last 6 years, they have created the environment necessary for female lead startups to thrive. Championing the best entrepreneurs through education and mentorship, to solve the funding gap for women. R&D and innovation are terms very often used interchangeably, especially in the business world. But how do these differ from each other? Do all inventions drive innovation? Does all the innovation require a new invention? And what is the role that startups play in the space? We have the perfect guest to answer these questions and more. Dr. Yongqin Zeng a Senior Director & Innovation Lead in Philips Venture. Her long and rich career has seen her do over a decade of research in academia before joining the private sector where she has done it all. She led multiple research departments in different industries, drove several venture projects that led to the creation of two new business units, and also facilitated over 10 Open Innovation projects involving universities, hospitals, and of course startups. Dr. Zeng’s work on Open Innovation is also featured in the book “Innovation in China” published by MIT in 2016. In this episode, Dr. Zeng helps us dive deeper into innovation and R&D from the perspectives of academia, corporations, and startups.

Episode Notes

Dr. Yongqin Zeng a Senior Director & Innovation Lead in Philips Venture. Her long and rich career has seen her do over a decade of research in academia before joining the private sector where she has done it all. She led multiple research departments in different industries, drove several venture projects that led to the creation of two new business units, and also facilitated over 10 Open Innovation projects involving universities, hospitals, and of course startups.  Dr. Zeng’s work on Open Innovation is also featured in the book “Innovation in China” published by MIT in 2016.

In this episode, Dr. Zeng helps us dive deeper into innovation and R&D from the perspectives of academia, corporations, and startups. 

Show Notes

2:24 Introduction to Dr. Yongqin Zeng

3:18 Moving from research in academia to research in the corporate world

4:30 Difference between R&D and Innovation.

7:00 Do all inventions drive innovation?

11:27 How monetization shapes the R&D pipeline for corporates.

18:28 Deep dive into healthcare startup ecosystem: The competitive advantage they possess to deliver results

20:51 Synergies between healthcare startups and hospitals: China trend vs Global trend

23:00 Strength of Open Innovation in healthcare ecosystem outside China

24:55 Models that will shape the future of open innovation

28:16 Open innovation models improving UI and UX in the healthcare industry

32:35 Getting in touch with Dr. Yongqin Zeng

 

Many thanks to our guest Benjamin Qiu; host Oscar Ramos; producers  Eva Shi and  Sagar Chaudhary; editor David; organizer Chinaccelerator; and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com

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