In order to enhance the urban internationalization of Hangzhou and attract overseas high-level talents and teams to engage in innovation and entrepreneurship in Hangzhou, the CPC Hangzhou Municipal Committee and Hangzhou Municipal Government will hold “Innovation & Entrepreneurship Competition for Overseas Talents 2021•Hangzhou” (hereinafter referred to as “Competition”). We, Foreconif Incubator as one of the offical partners of CPC Hangzhou Municipal Committee are recruiting projects/companies for this event.
Hosts: The CPC Hangzhou Municipal Committee,Hangzhou Municipal Government
Organizers: Organization Department of the CPC Hangzhou Municipal Committee (Talent Office) , Hangzhou Municipal Human Resources and Social Security Bureau, Hangzhou Municipal Science and Technology Bureau Special Support：Shangcheng District, Xiacheng District, Jianggan District, Gongshu District, Xihu District, Binjiang District, Xiaoshan District, Yuhang District (Zhejiang Hangzhou Future Sci-Tech City Haichuang Park), Fuyang District, Lin’an District (Qingshan Lake Science and Technology City), Qiantang New Area.
The competition aims to build a platform of various resources such as innovation & entrepreneurship policies, talents, funds, industries, markets and so on to help projects register in Hangzhou. The competition also targets to improve the innovation atmosphere, stimulate innovation vitality, guide innovation investment and help Hangzhou take lead in China’s digital economy.
III. Steps of Implementation
The competition is planned to be launched in March 2021 and will collect innovative & entrepreneurial projects around the world. There are two sessions for overseas students and the foreigners. After the Auditions, Semi-Finals and Finals, nine projects from overseas students session and three projects from the foreigners session will be selected for the Grand Final. The Grand Final will be held in November. The first, second and third prize will be awarded to overseas students and the foreigners according to road show.
IV. Competition Time
March – November 2021.
The application deadline is June 30, 2021.
The Auditions, Semi-Finals and Finals of two sessions will be held respectively from August to November 2021. The winners of two sessions will enter the Grand Final in November.
The contestants should have innovative & entrepreneurial experience and technologies or achievements with broad market prospect.
VI. Competition Requirements
The participants can participate as individuals or teams. Each team should be no more than four team members. Team members should guarantee stable cooperation for more than three years.
Each participant can only apply with one project.
The products and services proposed in the projects could be inventions, technologies, or concept products, services that can be developed; The competing projects should be in high-tech industries or strategic emerging industries, and have technical merits; The core members of the participating team must have legal intellectual property rights or use rights (authorized) for their projects.
Each entrant should upload a complete, detailed business plan, including technologies, market prospects, business strategies, funding demands, team members, future plan and clear business model etc.
Welcome domestic and overseas innovation and entrepreneurship competitions to cooperate with us. Once partnership is confirmed, these competitions can recommend their previous winning projects that meet our competition requirements to compete with the Innovation & Entrepreneurship Competition 2021•Hangzhou projects in the Semi-Finals.
VIII. Competition Awards and Supportive Measures
The startups entering the Finals of the competition will compete for one First Prize-RMB￥200,000, four Second Prizes of RMB￥100,000 and seven Third Prizes of RMB￥50,000, and 88-156 Winning Prizes of RMB￥20,000.
Initiating Hangzhou’s major venture capital institutions for projects financing connection.
The Organizing Committee will organize the units including all special support units, local venture capital agencies, well-known enterprises, various enterprise parks and so on to dock with the entrants.
Experts who have great influence in venture capital field are invited to be overseas mentors. They will provide entrepreneurial guidance, venture capital and industrial resources for the participating projects to help the projects start and develop rapidly.
These startups register their business and start operation of the company in Hangzhou within one year after the competition will be rewarded:
The First Prize: RMB¥ 5,000,000
The Second Prize: RMB¥ 3,000,000
The Third Prize: RMB¥ 2,000,000
Startups entering the Finals: RMB¥ 1,000,000
Other Startups Entering the Semi-Finals: RMB¥ 200,000 - ￥1,000,000(base on the competition rankings in the Semi-Finals)
These startups which register in Hangzhou within two years after the competition could be re-evaluated after application. If the projects are confirmed to be advanced, they can be subsidized with the corresponding funding.
Other startups (entering the Semi-Finals) register in Hangzhou can enjoy the various types of local policies without evaluation.
Projects register in Hangzhou can enjoy preferential policies such as park tax relief, rent subsidies, financing guarantees, and discount loans.
After the winning projects are put into implementation in Hangzhou, the special project personnel contact system can be established. The project teams will be visited on a regular basis to monitor implementation. The various incentives and policies of the competition be carried out, and the application for funding for various projects and the relevant work items of other supporting policies of the winning teams would be ensured; the entrepreneurial mentors will be provided for the project teams, and the customized entrepreneurship training courses offering entrepreneurship guidance will be made for the competition “makers” and activities such as job fairs and entrepreneurial activities and so on will be held.
1.This competition does not charge any fees for the participants.
2.The participants shall not violate the rules of the competition. The submitted materials shall not be illegal, such as plagiarized, misappropriated, etc. Once found, their qualifications shall be canceled and the prize money shall be recovered. In case that the participating projects are involved in copyright disputes, the participants shall bear all the responsibilities on their own.
3.In the event that the competition cannot be normally held due to force majeure, the organizer shall have the right to make corresponding adjustments to the schedule or terminate the competition.
4.The competition registration project materials will be publicly released to all major enterprises and institutions in Hangzhou, various parks and scientific research institutions, seeking communication and docking. The semi-finals and the finals will be held in the form of project road show, and the road show process will be open to the public.
5.The participants shall participate in this competition fully in the principle of voluntariness. If they have any objection with the competition, they can communicate with the Organizing Committee Office or choose to quit from the competition, but they are not entitled to request the alteration of the competition rules or the compensation for any fees incurred from the competition.
6.The Organizing Committee reserves the right to further supplement the views and the power of final explanation of this competition. Matters not mentioned herein shall be separately notified.
Fore Conif Incubator