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2020 Hangzhou Innovation & Entrepreneurship Competition Notice

2020-04-07

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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 2020•Hangzhou" (hereinafter referred to as "Competition").


01
PART
Organizations

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 SupportShangcheng 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.


02
PART
Theme

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.


03
PART
Steps of Implementation

The competition is planned to be launched in March 2020 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.


04
PART
Competition Time

March – November 2020.

The application deadline is June 30, 2020.

The Auditions, Semi-Finals and Finals of two sessions will be held respectively from August to November 2020. The winners of two sessions will enter the Grand Final in November.


05
PART
Contestants

The contestants should have innovative & entrepreneurial experience and technologies or achievements with broad market prospect.   

Those who have already started businesses in Hangzhou are not eligible for the competition.


06
PART
Competition Requirements

1. 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.

2. Each participant can only apply with one project.

3. 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.

4. 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.

5.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 2020•Hangzhou projects in the Semi-Finals.



07
PART
Competition Awards&Supportive

1. Competition Awards

The startups entering the Finals of the competition will compete for one First Prize-RMB200,000, four Second Prizes of RMB100,000 and seven Third Prizes of RMB50,000, and 88-156 Winning Prizes of RMB20,000.

2. Venture Capital

Initiating Hangzhou's major venture capital institutions for projects financing connection.

3. 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.

4. Mentors

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.

5. Venture Grants

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.

6. Preferential Policies

Projects register in Hangzhou can enjoy preferential policies such as park tax relief, rent subsidies, financing guarantees, and discount loans.

7. Tracking Services

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.



08
PART
How to Participate


Please download and fill in the attached Word competition application form, Excel summary form, project introduction PPT (as reference template), IP Indemnification form, and attach the relevant materials such as scanned copy of highest acedemic degree certificate and passport information page and send it to GlobeHub Hangzhou  by June 30. Email: contact@cutic.org


Summary Form for Innovation & Entrepreneurship Competition for Overseas Talents 2020·Hangzhou.xlsx

Intellectual Property Indemnification.docx

Registration Form for Innovation & Entrepreneurship Competition for Overseas Talents 2020·Hangzhou.doc

PPT template for Innovation & Entrepreneurship Competition for Overseas Talents 2020•Hangzhou.pptx