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Curtain-up of 2018 Xi'an International Entrepreneurship Competition

Today, the 2018 Xi'an International Entrepreneurship Competition officially opens its channel for registration. The competition is hosted by the Xi’an Municipal People’s Government and organized by Xi'an Science and Technology Bureau. The theme of the competition is “Gather global resources, build the capital of entrepreneurship”. The competition aims to focus on the world's frontier technological innovations from a global perspective, strengthen the exchange and interaction between Xi'an and advanced cities both at home and abroad, expand Xi'an's international influence, and attract more domestic and foreign talents, advanced technologies, promising projects and capital resources to Xi'an for quicker convergence of entrepreneurial and innovative resources.

The competition consists of 11 divisions, including 5 ones abroad in Silicon Valley, Berlin, London, Brisbane and Tel Aviv, and 6 ones at home in Beijing, Shenzhen, Hangzhou, Wuhan, Chengdu, and Xi’an.

The entries are divided into three major groups, which are information technology, biomedicine, advanced manufacturing and new materials. The eight subdivisions of hard and core technologies proposed by Xi’an are to be included, which are artificial intelligence, aerospace, optoelectronic chips, new materials, new energy, intelligent manufacturing, information technology and biomedicine. Startups (within 36 months of establishment) or teams can sign up for the competition.

The prize money for this competition totals RMB 4 million yuan, twice as much as that of last year, and the number of winning entries also doubles from 22 to 44.There will be one top prize of RMB1 million yuan, two first prizes totaling RMB1 million yuan, three second prizes adding up to RMB0.6 million yuan, six third prizes to RMB0.6 million yuan, twelve honorable mentions to RMB0.6 million yuan, and twenty consolation prizes to RMB0.2 million yuan.

In addition, this competition also provides supporting policies:

(1) For those winning entries settling in Xi’an, prior consideration will be given by Xi'an Science and Technology Bureau in the arrangement of Municipal Science and Technology Program, and any district, county or development zone receiving a winning entry will offer a work space not more than 500 square meters, rent free for the first two years and 50% discounted in the third year. (2) For those winning entries settling in Xi’an with leading technology, bright market prospect and clear industrialization direction, through the district, county or development zone's preliminary review and recommendation, a fund support of RMB 1 to 50 million will be offered by Xi'an Science and Technology Bureau from the Science and Technology Development Foundation Package, in line with the Management Methods of the Great Xi'an Foundation. Within three years, the start-up team can pay dividend at 50 percent of the ongoing benchmark interest rate of bank loans and repurchase the fund contribution part.

The 2018 Xi'an International Entrepreneurship Competition will last for five months and run through three stages. Entry application will be from August 15th to September 15th, and divisional competition will be held from September 20th to October 20th  home and abroad, where promising projects will be picked out for the final, which will be from December 6th to December 7th. For more details of the competition, please pay attention to the official website of the contesthttp://www.xaiesc.comor the WeChat public accountXi'an International Entrepreneurship Competition.


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