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Hangzhou, A Paradise For Entrepreneurs! To meet the demand for the rapid economic development in Hangzhou and attract global high-tech innovative talents and entrepreneurial projects, Hangzhou will host 2020 Hangzhou International Startup Competition! If you are interested in starting up or expanding your business into China, participating this competition is one of the most exciting opportunities to get knowledge about business and living environments of Hangzhou, one of the most beautiful cities in China. The competition will accept applications from wide range of fields, such as Information Technology, Artificial Intelligence, Big Data, Virtual Reality, E-Commerce, Biotechnology, Pharmaceuticals, Medical device, Creative Industry, New Material, New Energy, Environmental Protection Technology, Business Management, Semiconductor, Advanced Manufacturing, Robotics, Modern Agriculture, Modern Service Industry and others. Registration Please submit your application through the online registration site: http://techtalentsuk.mikecrm.com/1AMfpt1 The initial selection is based only on submitted materials. Contestants The targeted participants of this special session of international innovation and entrepreneurship competition are those international talents who are not born in mainland China, Hong Kong, Macao and Taiwan regions. The applicant should have a minimum bachelor's degree with entrepreneurial experiences and innovative technologies or research results with broad market prospects. The applicant should have the intention to start up a company or a joint venture in Hangzhou. Please noted that those who already have their registered business entities running in Hangzhou are no longer eligible for the competition. Requirements 1. The applicant can participate as an individual or a team member. For team participation, no more than four core team members can be enrolled in the competition. When the applicant meets the entry requirements, the applicant will be eligible to enjoy the preferential policies such as the start-up grants, winner award plans, and so on that are tailored to the competition. 2. Each participating individual or team can only apply with one project. 3. The participant should own the intellectual properties of the project or is legally authorised to use. 4. The applicant should provide a full and detailed business plan with technologies, market prospects, business strategies, fund requirements, the team members, sound business model, etc. Key Highlights 1. The application deadline: Please submit before Aug 2020 (We encourage you to as teams are selected on a rolling basis) 2. Initial selection based on submitted application materials will be done in September, and invitations for the Semi-Final will be sent out around the end of September. 3. The Semi-Finals and Final: early November 2020 at Hangzhou, China. 4. Each invited team coming to Hangzhou for the Semi-Final pitch presentation will be compensated with 20,000 yuan (around USD $2800) to cover various international travel expenses. In addition, all accommodation and transportation expenses (for up to two members of the team) during the period of stay at Hangzhou will be covered by the organizer. 5. Each member of the invited team will also be compensated with 7000 yuan for travel expenses if attending “2019 Hangzhou International Human Resources Exchanges and Cooperation Conference”. The conference will invite at most two members for each invited team. 6. The 1st-place winner (1) will be awarded 200,000-yuan RMB, 2nd-place winner (4) will be 100,000-yuan RMB, and 3rd place winner (7) will be awarded 50,000-yuan RMB. 7. Prize-winning startups will be granted with various amount of funds to subsidize company’s research and development expenses, such as R&D related employee compensations, equipment purchase, etc., under the condition that the company is required to register and start to operate in Hangzhou within one year after the Final.
The First-Place Prize RMB5,000,000 yuan The Second-Place Prize RMB2,000,000 yuan The Third-Place Prize RMB1,000,000 yuan Awards and Supportive Measures1. Awards: There will be one first-place prize, four second-place prizes and seven third-place prizes, and each will have 200,000 RMB (around USD 28k), 100,000 RMB (around USD 14 K), and 50,000 RMB (around USD 7,000) monetary awards respectively with no commitments needed. 2. Venture Capital: A venture capital fund will be established specifically for the competition to fund the projects in the competition. 3. Matchmaking Meeting: The organiser will organise various matchmaking meetings for the invited applicants with industry zones parks, local venture capital agencies, well-known enterprises, product localisation teams, marketing teams, etc. at Hangzhou to find out the best-fit office location with the best financial and policy supports. 4. Mentors: The organiser will invite several international experts who have great influence in academic, industry, or venture capital as mentors. They could provide valuable entrepreneurial guidance, venture capital fund, and industrial resources for the invited projects. 5. Grants: Prize-winning startups will be granted with various amount of funds to subsidise company’s research and development expenses, such as R&D related employee compensations, equipment purchase, etc., under the condition that the company is required to register and start to operate in Hangzhou within one year after the Final. The First-Place Prize ： RMB￥5,000,000 The Second-Place Prize ： RMB￥2,000,000 The Third-Place Prize ： RMB￥1,000,000 There are several ways to operate a company in Hangzhou, for examples: (1) Start a brand-new company; (2) Start a subsidiary company for R&D, marketing, etc., while keeping the existing company at home country; (3) Start a joint venture company with Chinese investors and business partners. Other participating projects can also enjoy the various standard preferential support policies if the applicants can register and run company in Hangzhou. 6. Preferential Policies: Applicant's company registered in Hangzhou can enjoy the preferential policies such as tax relief, rent subsidiaries, financing guarantees, discounted loans, etc. 7. Follow-Up Services: After the company is registered in Hangzhou, the short-term free office spaces and accommodation facilities in the international industry parks will be provided based on matchmaking results and a personalised liaison will be assigned to each company. The liaison will visit the company on a regular basis to ensure the company running smoothly and getting the various incentives and preferential policies designed for the competition. The entrepreneurial mentors and customised entrepreneurship training classes or salons will also be provided from time to time to help the team to be successful in Hangzhou. 1. This competition does not charge any fees for the participants. 2. The participants shall not violate the rules of the competition. The team should own or is authorised to use the intellectual properties involved in the project. The submitted documentation shall not have any illegal materials such as plagiarism, misappropriation, against the laws and policies of applicants’ residing country, etc. Once found, the team will be disqualified or is asked to return the prize award. In case that the applicant is involved in any intellectual property disputes, the participant should bear all the responsibilities. 3. If the competition cannot be normally held due to factors such as force majeure, the organizer shall have the right to change schedule accordingly or cancel the competition. 4. The submitted documentation for the competition will be open to major enterprises and institutions in Hangzhou, various industry parks and scientific research institutions, as an effort for matchmakings and cooperation. The semi-finals and finals will be held in the form of roadshows that are open to the public. 5. In principle, the participant should take full participation of all the activities involved in this competition. If the participants have any disputes with the competition, the participant should communicate with the Organizing Committee or choose to quit the competition, but the participant is not entitled to request alteration of the competition rules or the reparation for any fees incurred for attending the competition. 6. The Organizing Committee reserves the right to further supplement the rules and have the official explanation about rules of the competition. Organizer:
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