Six Portuguese entrepreneurs recently concluded their roadshows in Shanghai, bringing innovative products and ideas to the Chinese market. The startups, Agit, Glooma, and Gripwise, were selected from Portugal’s Protechting Acceleration Program to explore the potential in Shanghai’s dynamic business landscape.
Fosun Foundation, the host of Protechting, aims to support young entrepreneurship by merging technology with sectors like finance, insurance, and healthcare. The startups are looking to leverage technology to enhance life quality and safety across various industries. During their stay in Shanghai, these entrepreneurs received valuable feedback from local experts on market entry strategies.
Frederico Stock, co-founder of Glooma, expressed optimism about the reception they received in Shanghai. Glooma presented a glove with sensors and an AI system for early breast cancer detection. Meanwhile, Ricardo Moura and his team at Gripwise showcased a system for fast frailty assessment and monitoring, seeking local partnerships to navigate the vast Chinese market. Tiago Santos of Agit demonstrated an app focusing on movement recognition to make fitness activities engaging. Their challenge lies in monetization strategies in a market where users often expect free services.
These entrepreneurs gained insights into the complexities of the Chinese market and the importance of tailored strategies for success. Despite not actively seeking funding in China presently, they are laying the groundwork for potential future partnerships and investments. The trip to Shanghai left a lasting impression on these young innovators, sparking ideas for adjustments to their business models.
As they reflect on their experiences and feedback, these startups are poised to make strategic decisions for their expansion into the competitive Chinese market. The journey continues as they explore opportunities and partnerships, aiming to make a lasting impact with their inventive solutions.
