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The 2018 First Hengqin Scientific and Technological Entrepreneurship Competition in Beijing

Announcer: The Organizing Committee Browsing: Release time:2018-08-29

To create an Entrepreneurial and Innovative Chain with the Help of the Development Opportunities in the Greater Bay Area

The 2018 First Hengqin Scientific and Technological Entrepreneurship Competition in Beijing

People's Daily Online, Beijing, August 16 (Sun Yang) Hengqin, Zhuhai, is located in the core area of the Guangdong-Hong Kong-Macao Greater Bay Area , one of the world's four major bay areas. Hengqin, one of the three major free trade zones in China (Guangdong), is the Guangdong-Hong Kong-Macao Deep Cooperation Demonstration Zone, an important link for the “Belt and Road” construction, and also the only Bay Area city connected to Hong Kong and Macao through Road and Bridge.

Recently, Hengqin has made great moves in accordance with the Party Central Committee's plan for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the development strategy of the West Wing Innovation Hub in the Greater Bay Area. On August 15-16, the promotion conference of the 2018 First Hengqin Scientific and Technological Entrepreneurship Competition was convened in Beijing, and they exchanged views face-to-face with nearly 200 well-known investment institutions and entrepreneurial teams in Zhongguancun and the Alibaba Innovation Center for two days in order to encourage more Beijing science and technology entrepreneurship projects to participate.

It is reported that the competition was hosted by the Administration Commission of the Hengqin New Area of Zhuhai City, Guangdong Province. In June this year, the global registration was officially launched. At present, more than 500 domestic and foreign entrepreneurial teams have been invited to submit registration materials. The competition will provide the winner with a total of no more than 300 million yuan in research and development fees, mainly for the next generation of information technology, biomedicine, digital economy, new materials, marine economy and other strategic emerging industries. The registration deadline is September 30th, and the final will be held in November this year.

According to reports, in addition to a total of no more than 300 million yuan in research and development fees for the winner, this competition also offers incentives for venture capital institutions that have successfully entered the finals. For instance, they will enjoy the preference to be Hengqin Fund partners, the excellent referrer rewards, priority to the competition and cooperation opportunities of the finalists, and the financial support from Hengqin on encouraging the development of venture capital investment. At present, it has attracted more than 30 well-known investment institutions as the partners of this competition.

The organizing committee of the competition started special promotion activities in nearly 30 major cities nationwide in late July. It has been specially promoted in Zhuhai, Shenzhen, Hong Kong, Chengdu and Xi'an, and has exchanged ideas on Hengqin development opportunities and event registration process with nearly 400 well-known investment institution executives and entrepreneurial teams.

At the promotion meeting in Beijing, Liu Yang, director of the Investment Promotion Center of the Hengqin District of the Guangdong Pilot Free Trade Zone and president of the Hengqin Development Co., Ltd., said that Hengqin is adjacent to Hong Kong, Macau and Shenzhen and is the only free trade zone connected with Hong Kong and Macao. The district, at the same time, serves as a demonstration area for exploring the new model of cooperation among Guangdong, Hong Kong and Macao, showing its significant strategic position. He also invited outstanding companies to operate in Hengqin to jointly create an influential innovative ecological chain and industrial ecological environment.

The special guest of the event, Qin Jun, shared his experience in venture capital investment with the entrepreneurs in attendance. She believed that the competition would serve as a beginning to be a crucial link for the entrepreneurial team to obtain more cooperation resources through the competition. At the same time, she was very optimistic about the development prospects of Guangdong, indicating that the focus of future development will gradually shift to Guangdong, which would promote the cooperation and development of Zhongguancun and Hengqin. She said that she is also very willing to encourage top teams of entrepreneurial instructors in China, to recommend more projects to participate in the competition, so that every entrepreneur will obtain a bigger stage for development.

According to the reports, the organizing committee of the competition will continue to hold promotional activities in Hangzhou, Shanghai, Wuhan and other cities, and more than 20 sub-venue cities would be covered, such as Kunming, Chongqing, Xi'an, Taiyuan, Qingdao, Kaifeng, Fuyang, Tianjin, Nanjing, Xiong'an, Dongguan, Yangzhou, etc.

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