Nanning launches global innovation entrepreneurship competition (2020年中国•南宁海（境）外人才创新创业大赛启动)
The launching ceremony of the 2020 Nanning International Elite Innovation and Entrepreneurship Competition. [Photo by Huang Yanmei/chinanews.com]
The 2020 Nanning International Elite Innovation and Entrepreneurship Competition was launched on Sept 10 in Nanning, capital of Guangxi Zhuang autonomous region.
The competition is expected to invite elites from both home and abroad with global reach and outstanding innovation outcomes to carry out innovation and entrepreneurship in Nanning.
Nanning is the closet capital city to ASEAN countries in China. It has been the frontier and window for the open cooperation between China and ASEAN.
At present, the city has been pushing forward the development of open innovation, striving to become a regional international scientific innovation center for ASEAN.
The competition was first held in 2018, attracting 163 elite teams from 28 countries and regions to compete in it, while the 2019 event set up overseas competition venues for the first time, attracting 442 high-caliber overseas elite projects.
This year's competition will cover various industries spanning electronic information manufacturing, big data, artificial intelligence, smart terminals, financial technology, machinery and equipment manufacturing, smart manufacturing, as well as biotechnology.
Projects registered to participate in this year's event after selection will compete in the finals in four categories, namely electronic information, advanced manufacturing, biomedical big health, as well as the energy materials and chemicals industry.
Two venues will be set up in Beijing and Shenzhen, Guangdong province for preliminary contests, while the finals will be held in Nanning. Venues for the promotion of the competition will also be set up in eight overseas countries including the United Kingdom, Germany, Russia, Japan, and Canada, as well as five domestic cities, such as Shanghai, Hubei's Wuhan, and Sichuan's Chengdu.
Four first prizes, six second prizes, 10 third prizes, as well as 30 winning prizes will be set up for this year's event. Projects wining first prize and that settle in Nanning can receive a subsidy ranging from 500,000 yuan ($73,611.21) to 10 million yuan.