2020 LUCHENG DIGITAL ECONOMY GLOBAL ENTREPRENEURSHIP COMPETITION
In collaboration with Saichuang Weilai Venture Capital Investment Management Co., Ltd. (Zhejiang) and China's Lucheng City local government, Techbridge Ventures will be organizing the 2020 Lucheng Digital Economy Global Entrepreneurship Competition.
The Challenge is open to all international Start-ups, Small Medium Enterprises (SMEs) and Researchers located outside China, with technology innovations from the following strategic industries of Lucheng:
- Big Data
- Internet of Things
- Artificial Intelligence
- Digital Entertainment
- Game Development
- Cloud Computing
- Smart City
Participants in the Competition will have the opportunity to pitch their technologies to Lucheng government officials and industries over a video conference call in late August (date is to be confirmed). Each team will have 7 minutes for presentation and 5 minutes for Q&A with the judges from Lucheng. Support for translation will be provided where necessary.
Selected teams will be awarded a fully sponsored trip to Lucheng, China in October or November* to meet local industry collaborators and participate in the Grand Finals, where they will represent Singapore to compete against teams.
* Date is to be confirmed.
The Prizes for the top three winners in the Grand Finals consists of a Cash Award and a Start-up Grant for the winners to establish a company in the city of Lucheng as follows:
1st Prize: 300,000 RMB Cash Award + 6 million RMB Start-up Grant
2nd Prize: 200,000 RMB Cash Award + 3 million RMB Start-up Grant
3rd Prize: 100,000 RMB Cash Award + 2 million RMB Start-up Grant
Techbridge can facilitate and support participants to connect to the local market if they are selected in the Grand Finals.
Lucheng , located in Wenzhou City, Zhejiang Province, is the political, economic, cultural and commercial center of Wenzhou. It is a city full of vibrant business activities. It’s also known as the birthplace of China's private economy. Its GDP reached US$90.63 billion in 2018, and the per capita disposable income for urban residents is the among the highest in China.
For more information about the innovation opportunities in Lucheng, Wenzhou, please visit http://www.techbridgeventures.com/news-detail/29/.
Application Closing Date: 14th August 2020