German Leg of 2022 China Shenyang Overseas Elite Innovation & Entrepreneurship Competition Held

The event [Photo via Shenyang Association for Science and Technology]

On October 10, the final of the German leg of the 2022 China Shenyang Overseas Elite Innovation & Entrepreneurship Competition came to an end in Shenyang after fierce competition. International projects in the four major fields of automobiles & parts, metallurgy & building materials, new energy, and artificial intelligence attended the competition. 

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

Through online and offline promotion, 40 high-quality projects across the world were selected to participate in the German leg.

Through a video link on the spot, contestants showcased the advantages of their projects and then judges grouped by industry technology, finance, management experts and senior investors gave scores after online communications. The preliminary review focused on the project's technological maturity, innovation, development potential and industry outlook, with 13 overseas high-quality projects eventually entering the final. The judges also had in-depth exchanges and interactive discussions with the online roadshow contestants regarding the technological advantages, core competitiveness and market prospects of the projects, while offering suggestions on the feasibility of the project implementation.

The event [Photo via Shenyang Association for Science and Technology]

According to the rules of the competition, if the winning project is registered, translates into an enterprise in Shenyang, and operates normally after the competition, it will get a start-up incubation subsidy of up to CNY 300,000 (USD 41,85) and enjoy the corresponding talent policy support from the local government. Sci-tech teams that choose to settle down at various incubators in Shenyang and Shenyang's National Offshore Innovation & Entrepreneurship Base for Overseas Professionals will be supported by preferential policies, including rent exemption during a certain period. Winning projects will be preferentially recommended to get the support of competition investment funds and venture investment institutions, and enterprises at their seed and startup stages established by top-notch talents will be facilitated to obtain multi-channel investment fund support.

The event [Photo via Shenyang Association for Science and Technology]