Country for PR: China
Contributor: Xinhua News Agency
Friday, October 22 2021 - 11:47
AsiaNet
2021 Suzhou Science and Technology Innovation and Entrepreneurship Competition is held, and "Competition and Investment for Evaluation" have achieved remarkable results
SUZHOU, China, Oct. 21, 2021 /Xinhua-AsiaNet/--

"Paradise for Innovation and Entrepreneurship" 2021 Suzhou Science and 
Technology Innovation and Entrepreneurship Competition is the first competition 
co-hosted by the Talent Office, the Science and Technology Bureau, the Bureau 
of Industry and Information Technology, the Human Resources and Social Security 
Bureau of Suzhou Municipal People's Government, and the Suzhou Daily. It aims 
to attract talents to Suzhou to innovate and start businesses, gathering 
surging power for the high-quality development of Suzhou, according to the 
Organizing Committee of 2021 Suzhou Science and Technology Innovation and 
Entrepreneurship Competition.

The competition was officially launched in April this year. Relying on the 
"Gusu Technology Entrepreneur Plan", "Competition and Investment for 
Evaluation" was adopted. 1,233 projects registered for the competition, and 415 
projects passed online evaluation, covering 9 major fields such as electronic 
information, biomedicine, and advanced manufacturing. Finally, 308 projects 
were selected for the plan, and each project can receive a project funding of 
100,000 to 200,000 yuan. The final was held on October 20. 18 high-quality 
projects competed for the first, second, and third prizes, and received funding 
of 500,000 yuan, 400,000 yuan, and 300,000 yuan respectively. First prize 
projects that meet the conditions of the Gusu Leading Talents Program will be 
given priority.

This competition adopts a new competition system and has achieved remarkable 
results. First one is "Competition for Evaluation", to give the project team 
the opportunity to fully demonstrate themselves through roadshows, reduce the 
loss rate of good projects, and successfully unearth 8 high-quality projects 
that have not passed the online evaluation; The second one is "Investment for 
Evaluation" to increase the participation of social capital. During the 
roadshow season, over 100 venture capital institutions participated and 
facilitated the docking of over 60 projects with venture capital institutions; 
The third one is 7 offline special competitions such as "Future of Technology", 
"Advanced Manufacturing" and "Yangtze River Delta", which have greatly expanded 
the source of participating projects. The number of projects has increased by 
20%. Cooperating in other areas to expand the source of team projects, the 
number of teams established is 58.

Source: The Organizing Committee of 2021 Suzhou Science and Technology 
Innovation and Entrepreneurship Competition

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   Caption: 2021 Suzhou Science and Technology Innovation and Entrepreneurship 
Competition Finals

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