Offshore R&D Outsourcing Services China
Offshore R&D outsourcing services Shanghai
Media outlets for the past several years have not only named China as the world’s manufacturing leader but also one of the world’s fast-growing economies with a huge market for almost any type of products and services. Today, offshore R&D outsourcing service in China is also becoming known as one of the country’s competencies as it emerges as a hub for science and technology as well as IT research and development (R&D).
Growing Resources behind offshore R&D outsourcing services in China
IT talent: Offshore R&D outsourcing services in China utilizes world-class skills and knowledge in IT, which is abundant in the country. China has about 250, 000 students enrolled every year in engineering programs, 60 percent of Chinese undergraduates take up science and engineering courses, Masters studies in the same fields have increased 70 percent and 80 percent for PhD degrees.
Technology: China is becoming more competitive in developing new technologies from software to mobile broadband communications. The Chinese have developed a strong approach to offshore R&D outsourcing services in China brought about by increasing sophistication in its domestic market.
The Government is intent in promoting and developing offshore R&D outsourcing services in China as a new economic driver and it has invested billions of dollars to launch several R&D funding programs to encourage local companies to invest in R&D.
Globalization has led to an increase in offshore R&D where offshore R&D outsourcing services China have so far become the third largest R&D outsourcer next to Japan and the US. As China continues to improve its English language skills and IPR protection laws and enforcement, it has drawn numerous R&D projects from foreign companies.
In fact, China is not only known for R&D in information technology but also in other fields as well such as telecommunications, biotechnology, nanotechnology and others. The total number of investors in offshore R&D outsourcing service in China has grown to 750 in the year 2006.
Advantages of offshore R&D outsourcing service in China
- The cost of recruiting engineers, developers and researchers is relatively low as well as the total operational costs.
- The huge talent pool
- For companies that list China as one of their markets, offshore R&D outsourcing service in China brings them closer to their consumer, allowing them to develop products that are more localized and meet technology standards in China much easily.
- Offshore R&D outsourcing service in China is backed by the national Chinese government with investment incentives such as tax rebates, tax breaks, and faster approval. It is China’s goal to move towards more advanced economic fortes.
Strategic R&D Outsourcing in Shanghai
Many of the world’s technology leaders have turned to offshore R&D outsourcing services in Shanghai, indicating their interest in taking advantage of Shanghai’s strong R&D workforce, flexible business environment and state-of-the-art science parks.
Shanghai’s science and software parks are strategically located close to Universities, many of which are recognized as premier institutions for science and technology. Offshore R&D outsourcing service Shanghai provides a foreign IT business access to a pool of qualified and well-trained IT and engineering graduates while supporting strategies on the local Chinese market.
The growing interest of multinational companies in offshore R&D outsourcing service in Shanghai shows recognition of the excellent engineering skills available in Shanghai and the strong commitment of both the local and national Chinese government to enforce the protection of intellectual property rights.
Moreover, the great potential of doing business in China is driving the growth of offshore R&D outsourcing services in Shanghai. As part of their business strategy, many foreign IT businesses consider offshore R&D outsourcing service Shanghai, first, to gain entry to China’s huge consumer market and, for those with existing Chinese consumer base, to develop more localized products.
As an increasing number of top global IT vendors invest in offshore R&D outsourcing services in Shanghai, R&D opportunities will continue to expand in China’s most dynamic city.
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