Events

2020 LUCHENG DIGITAL ECONOMY GLOBAL ENTREPRENEURSHIP COMPETITION

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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
• Blockchain
• 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.

PRIZES 

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.

ABOUT LUCHENG

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 INFORMATION

Interested Start-ups, SMEs, and Researchers are welcome to apply or inquire via email to gu_deyu@tbv.sg , or submit your interest here. 

Application Closing Date: 14th August 2020