Official Launching of the 2nd China (Hengqin) Scientific and Technological Entrepreneurship Competition
The 2nd China (Hengqin) Scientific and Technological Entrepreneurship Competition was officially launched on December 10, 2019. The competition focuses on four strategic emerging industries including integrated circuit (IC) and chip design, big data and artificial intelligence (AI), biological medicine and medical equipment, and new materials, and Macao channel is specially set. The projects shall participate in the competition in the name of enterprise. The prizes total RMB 300 million, including a special-grade award with R&D subsidy of RMB 100 million.
Registration shall be made at the official website of the competition (www.hqkcds.cn), which is open to the public from now on. The deadline of registration is 17:00 on March 2, 2020.
Focusing on New Fields, Building Industrial Ecology
In order to implement the “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area” and the spirit of important speeches of General Secretary Xi Jinping during his inspections in Hengqin, and promote the diversified development of Macao’s industries, and further create an atmosphere of innovation and entrepreneurship, the second competition is jointly hosted by Hengqin New Area and Macao based on the successful holding of the first competition. This competition is co-sponsored by Zhuhai Hengqin New Area Administrative Committee and the Science and Technology Development Fund (FDCT) of Macao, and jointly organized by Commerce Bureau of Hengqin New Area, and Party-Masses Work Department of Hengqin New Area. In addition, a number of well-known venture capital institutions and scientific research institutions have provided support, such as Shenzhen Capital Group, Zero2IPO Capital, Green Pine Capital Partners, and Leader Fund Shareholding Management Limited.
In the “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area”, it is proposed to promote the construction of international-level scientific and technological innovation corridor in “Guangzhou-Shenzhen-Hong Kong-Macao”, and build a global scientific and technological innovation hub and an important source of emerging industries. This competition is a significant action of Hengqin New Area to actively cooperate in the construction of the scientific and technological innovation corridor, accelerate the development of scientific and technological innovation industries, and promote high-quality economic development. This competition is oriented globally, and focused on four strategic emerging industries including integrated circuit (IC) and chip design, big data and artificial intelligence (AI), biological medicine and medical equipment, and new materials. The projects which are innovative and have high growth potential are welcome to participate in this competition. It is hoped to attract the innovation and entrepreneurship projects with advanced innovation achievements, core technology breakthroughs, and good industrialization prospects to settle in Hengqin, and gather the global high-end innovation and entrepreneurship elements in Hengqin, and promote the creation of influential innovation ecological chain and industrial ecological environment in Hengqin.
Macao channel will be set up specially to support Macao’s scientific and technological innovation
In order to cooperate with Macao to build an important support to the Guangzhou-Shenzhen-Hong Kong-Macao scientific and technological innovation corridor and help the development of the scientific and technological innovation industries in the Greater Bay Area, the Macao channel will be specially set up in the preliminary and final stages of this competition to attract more scientific and technological innovation projects with Macao elements. The projects from Macao channel are arranged separately in the preliminary competition, field investigation and final. After the competition enters the grand final, the Macao channel will not be set up separately.
In addition to meeting the basic requirements of the competition, the projects from Macao channel must also meet one of the following requirements: An enterprise legally registered and established in the Macao Special Administrative Region; the founder or one of the core team members of the project is a permanent resident of Macao; the project has cooperation with a national key laboratory established in Macao (the project is still within the validity period of cooperation by the deadline of competition registration); the founder or one of the core team members of the project is on-the-job teaching or research personnel of universities and scientific research institutions registered in Macao or full-time college student; directly or indirectly invested by Macao enterprise, of which the proportion of project shares in penetrating calculation shall not be less than 10%.
This competition is a cross-border scientific and technological entrepreneurship competition to explore a new mode of cooperation between Guangdong and Macao under the policy of “one country, two systems”. It is an important measure to speed up scientific and technological innovation and promote high-quality economic development with joint efforts of Hengqin and Macao.
Enterprise-based competition, with the winning team awarded up to RMB 100 million, and total subsidies of RMB 300 million
There will be such stages as project soliciting and registration, qualification examination, preliminary competition, field investigation, final, grand final and due diligence in the competition, and the projects shall participate in the competition in the name of enterprise. In the grand final, there are 10 awards for the winning projects, including one special-grade award with R&D subsidy of RMB 100 million; two first-grade awards with R&D subsidy of RMB 50 million each; three second-grade awards with R&D subsidy of RMB 20 million each; and four third-grade awards with R&D subsidy of RMB 10 million each. The total prizes are up to RMB 300 million. The competition will establish a jury for the final and grand final composed of national technical experts, partners of well-known venture capital institutions, industrial economic experts, etc. to ensure that the winning projects are selected on the principle of “fairness, justice and openness”. In addition to the evaluation of product innovation, industrialization, core team and other aspects, the competition will also evaluate the feasibility of implementation. The organizing committee will determine the list of winning projects and make an announcement according to the evaluation results.
China (Hengqin) Scientific and Technological Entrepreneurship Competition was held for the first time last year. The first competition attracted 955 high-quality projects from home and abroad. After six months of fierce competition, 10 projects, such as Pachira and QXP Technologies, won the prizes of RMB 300 million in total. The winning projects of the first competition have settled in Hengqin with good development trend, including Pachira Information Technology (Beijing) Co., Ltd., and Xi’an QXP Technologies Inc.