Chapter 32 Text Chapter 9 Returning to China to start a business is not the best time yet

At present, it is not the best time to return to China to start a business, but I believe that there will be a good time in China in the future. Player profile Yang Fan, 20 years old, Chinese-American, a third-year undergraduate student. Immigrated to the United States with my mother at the age of 10.In high school, he obtained a patent in biotechnology.Now studying biomaterial design and business management at Johns Hopkins University in the United States. Founded a biotechnology company in 2005 and is currently the president of the company.Yang Fan's goal is to make biomaterials bring happiness and joy to more people.

player project statement Our human society has gone through the Stone Age, Bronze Age, and Iron Age, and now we have entered the Plastic Age.Only biological material products in the human body have reached more than 1,700 varieties and more than 100,000 products.However, bacteria are very fond of adhering to the surface of biomaterials and forming biofilms. Bacteria in biofilms can tolerate 1000-5000 times more antibiotics, which makes clinical treatment very difficult.In the past, the academic community has always believed that there is no way to prevent biofilms. However, using genetic engineering technology, combined chemical technology, biomaterial engineering technology and nano-engineering technology, inert biological materials can be brought with biological activity to achieve anti-infection effect.This invention is considered to have opened a new path for the post-antibiotic era, and the asteroid 21815 is named after it.In the United States, we have received a high-tech innovative product development fund from the federal government for the development of anti-infection contact lenses.Now, I want to find funding in China to develop anti-infection urinary catheters and urethral stents.Every year, the demand for urinary catheters in the world is more than 96 million. Infection occurs in 10-50% of short-term catheter users (less than 7 days) and in 100% of long-term catheter users (greater than 28 days).In the United States, it costs $568 to treat a local infection caused by a urinary catheter, $2,421 to treat a bacteremia caused by a urinary catheter, and $26,473 to treat a sepsis caused by a urinary catheter, and the mortality rate of patients is three times higher than that of the control group more than double.Therefore, after the anti-infection urinary catheter is developed and proved to be safe and effective, it is more likely to quickly occupy the international urinary catheter market.

live playback Yu Minhong: Do you have a patent for this technology now? Yang Fan: Owns the patent right. Yu Minhong: So in the same industry in the United States, do you think other people may develop this technology in the same way? Yang Fan: Now there are many people who are researching anti-infection around the world, the most leading countries are the United States, Germany and Israel.Let me first explain what my technology is. The active group I found is anti-bacterial adhesion.No bacteria can stick to it. If the bacteria can't stick to it, no bacterial film will be produced, and no infection will occur.What other people study is not to prevent bacteria from sticking, but how to reduce the adhesion after bacteria stick to it.

Yu Minhong: Your patent can no longer be used after being researched by others? Yang Fan: My patent is the concept of anti-bacterial infection. Yu Minhong: Your current American biological research and development company is still doing further research in this field, right? Yang Fan: We are now doing further research, using this product for animal experiments, and then contacting contact lens companies. Yu Minhong: After you go to the contact lens company, if this thing makes money, can he share it? Yang Fan: That is, how much we get and how much he gets for every product sold. Yu Minhong: Did you take the initiative to come to China to participate in "Win in China", or did your parents let you come?

Yang Fan: My parents didn't let me participate. Yu Minhong: When you saw it, you wanted to come. You think this show is good? Yang Fan: Yes. Yu Minhong: When you wanted to come, what was your parents' attitude? Yang Fan: At that time, the exam, my mother thought it would affect my studies and exams. I said that I would not delay both sides. I would study here. The school asked the teacher for leave first, and then made up the exam. Now I have made up two exams. , one got 90 points, which is not bad. Yu Minhong: You came to the United States from elementary school, and you have been studying very well since then. Is this because you took the initiative to learn, or is it because your parents are strict with you?

Yang Fan: I think it might be my mother, she works very hard. Yu Minhong: She gave you a lot of spiritual things, right?I see you set up a biological research and development company in your freshman year. Yang Fan: Yes. Yu Minhong: It's amazing. How did you feel when you started a company while going to school in the past three years? Yang Fan: In fact, at the beginning, I felt a little brain exploded.Later, I slowly understood that I am a student now, and my company is a scientific research company. The first thing I should do is study, so I must learn my own knowledge well now, so I don’t do research now, just Scientists are doing it, and I communicate with them every week.

Yu Minhong: Are those scientists older than you? Yang Fan: Yes. Yu Minhong: How did you lead them? Yang Fan: It should not be said that I will lead them. I have a patent on how to do it. They are very smart and know how to do it.If there is a problem, I can hold a global meeting, such as a mentor, he is the chairman of the American Biomaterials Science, he knows many scientists, if there is a problem, I will ask him, he is also in our advisory group If I have any questions, he can introduce me to scientists with different backgrounds. In this way, I can meet many scientists at once, and the scientific atmosphere is relatively harmonious.

Comments by Yu Minhong No. 33 Yang Fan, first of all, congratulations to you. In fact, you were selected. It is a pity that you voluntarily gave up this opportunity. In fact, I hope you can persevere.But we are still very touched. We came to the United States when we were about 10 years old. Now we have not graduated from university and want to return to our motherland to start a business.You are a very smart, responsible and caring person, and you have almost concentrated all the advantages of girls on you. You have done honor to the young children of China.You are holding an American passport now, but "my heart is still Chinese", this feeling is really good.Your strengths are your R&D and technology, but so far we have not seen any major breakthroughs in your team building and leadership.I personally feel that the basic technology environment in the United States is better than that in China, researchers are easier to find, equipment is easier to use, and the environment is simpler, so I personally think that it is not the best time for you to return to China to start a business.But I believe that there will be a very good opportunity in China in the future. At that time, I hope you will bring your research results back to China to create benefits for China. During this process, I hope you will come home often. You can find us for coffee and chat.