2022 China Shenyang Overseas Elite Innovation & Entrepreneurship Competition and the Domestic Final of the 6th Shenyang 'Star Cup' Innovation & Entrepreneurship Competition

Cai Li, Member of the CPC Leadership Group and Vice Chairman of Shenyang Association for Science and Technology, delivers a speech. [Photo via Shenyang Association for Science and Technology]

On September 29, 2022 China Shenyang Overseas Elite Innovation & Entrepreneurship Competition and the Domestic Final of the 6th Shenyang "Star Cup" Innovation & Entrepreneurship Competition was held at New-Link Industrial Park. 20 entrepreneurship projects featuring high tech and promising development prospects were presented and competed for the gold award.

The launching ceremony [Photo via Shenyang Association for Science and Technology]

The contest included three main competition areas (domestic, Asian and European special events), 10 other competition areas (Japan, Germany, the UK, Belgium, Malaysia, Thailand, Singapore, Shenyang, Beijing and Shenzhen), and more than 10 innovation events, integrating with plenty of innovation and entrepreneurship resources to form a new pattern in which numerous domestic cities and key overseas areas pooled their strengths.

Shenyang Hi-Tech Zone has set up an industrial guidance fund of 200 million yuan (28.1 million U.S. dollars) and a venture capital pool of 100 million yuan (14 million U.S. dollars), which will, at the early stage of development, provide seed capital of 500,000 yuan (70,264 U.S. dollars) to 1 million yuan (140,528 U.S. dollars) or angel investment support of 1 million yuan to 10 million yuan (1.4 million U.S. dollars) for the excellent projects that are included in the project pool of the competition and meet the investment conditions.

The roadshow project representative introduces the project. [Photo via Shenyang Association for Science and Technology]

This year, the domestic competition areas brought together 136 sci-tech entrepreneurship projects, 100% of which have independent intellectual property rights. This year's participating projects featured far-reaching influence, high tech, new business models and talent concentration.

Cai Li, Member of the CPC Leadership Group and Vice Chairman of Shenyang Association for Science and Technology, noted that the association will provide all-round services for excellent talents and projects at home and abroad, so that more of them will come to Shenyang for entrepreneurship and development, and an increasing number of talents will look forward to coming to Shenyang, settling down in Shenyang, and realizing their dreams in Shenyang.