PR92488

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=KYODO JBN/--

"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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Finals