Hangzhou, located on the central-eastern Chinese coast in the Zhejiang province, is considered “the Silicon Valley of China” particular for its livability, openness, favorable legal and economic conditions, and strategies to attract, develop and retain talent. In the 2020 ranking of “best city for tech startups in China”, Hangzhou just moved up to third place, behind only Beijing and Shanghai. The industries in Hangzhou have great diversity. New-generation information technology, high-end equipment manufacturing, automotive and new energy automotive, energy-saving and environmental protection, new materials, biomedical and high-performance medical devices and the fashion industry are the leading industries in Hangzhou. The Hangzhou Innovation & Entrepreneurship Competition aims to build a platform of various resources such as innovation & entrepreneurship policies, talents, funds, industries, markets, and so on to help startups succeed 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.
💰 1 x First Prize: 32,000 USD [200,000 RMB] prize money ➕ 320k-800k USD (2-5 Million RMB) extra bonus if the startup land in Hangzhou city.
💰 4 x Second Prize: 16,000 USD [100,000 RMB] ➕ 320k-800k USD (2-5 Million RMB) extra bonus if the startup land in Hangzhou city.
💰 7 x Third Prize: 8,000 USD [50,000 RMB] ➕ 320k-800k USD (2-5 Million RMB) extra bonus if the startup land in Hangzhou city.
💰 88-156 Winning Prizes: 3,200 USD (20,000 RMB)➕ 32k-160k USD (200k -1 Million RMB) extra bonus if the startup land in Hangzhou city.
In addition to the cash prices, all participating startups who get into the preliminary round can benefit from:
🔸 Financial support :
Additional financial support (besides prize money) for startup land in Hangzhou city.
* 32k-80k USD (200k-500k RMB) for startups entering semi-final (based on the ranking)
* 160k USD (1 Million RMB) for startups entering the final.
* 320k-800k USD (2-5 Million RMB) for startups that win the prize in the grand final.
🔸 Investor matchmaking
🔸 Mentorship
🔸 Media exposure
🔸 Company setup support
🔸 Loan support if needed
and much more!
Do you know which city is the best for tech startups in China?
Hangzhou, located on the central-eastern Chinese coast in the Zhejiang province, is considered “the Silicon Valley of China”, particularly for its livability, openness, favorable legal and economic conditions, and strategies to attract, develop and retain talent. In the 2020 ranking of “best city for a tech startup in China”, Hangzhou just moved up to the third place, behind only Beijing and Shanghai.
Hangzhou is the home to China’s largest e-commerce company Alibaba, Chinese multinational automotive company Geely and second-largest gaming company NetEase. The growing economy brought by these giants attracts many talents to land in Hangzhou. In 2020 alone, the total number of talents in Hangzhou reached 2.85 million, with 100,000 foreign experts have been employed here.
Regarding location, Hangzhou is only 1 hour away(by train) from Shanghai but with a lower cost of living than Shanghai and Beijing. Which makes Hangzhou a better city for living.
If you are a global and ambitious startup keen to enter one of the most prestigious and largest entrepreneurship competitions in the world, apply today!
🗓 Competition Agenda (Proposed)
We will reach out to suitable startups already during the application period in order to improve applications and get additional information.
🔸 Screening of global applications: July 30th 2022
🔸 Preliminary: Aug 2022
🔸 Semifinal: Sep 2022
🔸 Final: November 2022
📋Requirements
* Tech-related projects.
* Both individuals or teams are allowed to apply.
* Has an interest in entering the Chinese market.
* Pitch deck.
The application you filled here is the pre-registration application