The 3rd China (Shenzhen) Innovation & Entrepreneurship International Competition has officially been launched on 1st December, 2018. Registration is open from 1st December, 2018 to 28th February, 2019.
Tuspark UK as one of UK Division partners and supporters brings this competition to attract high-quality UK start-up enterprises, who are tending to connect innovation network and expanding market in China.
Feature of the Competition
This competition brings wide global innovation connection and great opportunities to start-ups. In this year, it will continue but pursuit further connection between cities and regions across the world. A total of ten overseas divisions are involved in this competition: Sydney (Australia), Toronto (Canada), Berlin (Germany), Tel Aviv (Israel), Tokyo (Japan), Stockholm (Sweden), Madrid (Spain), Boston (U.S.A.), Silicon Valley (U.S.A.) and London (U.K.).
While, around 40 venture capital organisations will participate in the international competition. Leading by a number of renowned investments organisations, including Shenzhen Capital Group, Shenzhen Green Pine Capital, Oriental Fortune Capital, Cowincapital and Green Orange Capital directly connect with the competition, and form a venture capital fund pool of RMB 25 billion (3.2 billion Euros) to carry out portfolio investment on outstanding projects.
During the division competitions, investment organizations and investors from Shenzhen will serve as judges and supervisors engaging in project connections in different divisions. All participating projects will be provided with social capital investment opportunities through the investment connection service platform of the competition.
Content of the Competition
In order to fulfil the innovation-driven development strategy of Shenzhen, there are Professional Competition section (3 categories) and Industrial Competition section (5 categories) carrying out in competition:
1) Internet of Things
2) Artificial Intelligence
3) Financial Technology
1) Information and Communications Technology
2) Advanced Manufacturing
3) Electronic Science and Technology
4) Biology and Life Science and Technology
5) Materials & Energy (including energy conservation and environmental protection).
Contestants may register projects under both Professional Competitions and Industrial Competitions, provided that they meet the required conditions.
The competition offers a prize pool of total RMB 11.2 million (1.43 million Euros), including RMB 2.9 million (370,000 Euros) for Overseas Division finalists, RMB 1.5 million (190,000 Euros) for Professional finalists, RMB 2.5 million (320,000 Euros) for Industrial finalists and RMB 4.3 million (550,000 Euros) for grand champion. Each contestant may stand the chance to win a total prize of RMB 1.4 million (180,000 Euros).
In addition to the prizes, the competition also provides high-quality entrepreneurship projects with support such as industrial incentives, financial technology and project incubation. Meanwhile, two banks will be selected to provide various forms of financial service solutions, such as “Investment and Financing Loans” and “Talent Loans” so as to give more options to settling companies in terms of financing as well as to facilitate the development of contestants.
Applications & Requirements
Registration for the competition is open from December 1st, 2018 to February 28th, 2019. The Participants (teams or individuals) should:
1) be those who have innovation achievements and business plans；
2) have plans of entrepreneurship in Shenzhen after the competition;
3) should possess full ownership of all rights related to the product, the technology and the patent, have no property dispute with any other person, and assume full responsibility caused by any possible infringement;
4) those who had won prizes in previous competitions held overseas by Shenzhen or awards in domestic or international of previous China (Shenzhen) Innovation and Entrepreneurship Competitions cannot participate in this Competition.
The schedule of the competition is show as below:
UK Division Competitions will start in March, 2019, then selected contestants will meet others in Shenzhen, who are selected from the rest of divisions in April 2019 and compete for the final awards.
More information for registration, please see below:
December 1st, 2018 - February 28th, 2019.
Scan the QR code below to register now!
Shenzhen Municipal People's Government
U.K. Division Hosts
Shenzhen Human Resources and Social Security Bureau
Shenzhen Pingshan District People's Government
Shenzhen Municipal Commission of Science and Technology Innovation
U.K. Division Organiser
Shenzhen China-Europe Innovation Center
U.K. Division Partners and Supporters
Shenzhen European Office Guangdong Province, P. R. China
London & Partners
China-Britain Business Council (CBBC)
Cambridge Judge Business School
Oxford University Innovation
Shenzhen Tech-Entrepreneurship Association
China-Britain Doctoral Association
Imperial Fellows Entrepreneurship & Investment Alliance CRCC Asia
Edinburgh-Shenzhen Creative Exchange