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Prizes and Support Measures
Prizes
We offer altogether one first prize (200,000 RMB), four second prizes (100,000 RMB), seven third prizes (50,000 RMB) and 88-156 winning prizes (20,000 RMB). “IEC·S Global Research Award” winners will be separately granted a sum of 50,000 RMB (for specific industrial solutions), 20,000 RMB (for the small-and-medium-sized enterprises solutions) and 10,000 RMB (for solutions to intellectual needs).
Business Networking
We will organize networking sessions for the Competition’s special support units, local VC companies, noted enterprises and industrial parks to meet with project owners, making it a platform to secure the connection between overseas projects and local investors, and provide all necessary services to help them start and grow in Hangzhou.
Follow-up Services
After the winning projects are put into implementation in Hangzhou, the special project personnel contact system can be established. The project teams will be visited on a regular basis to master the operation of the project. The various incentives and policies of the competition be carried out, and the application for funding for various projects and the relevant work items of other supporting policies of the winning teams would be ensured; the entrepreneurial mentors will be provided for the project teams, and the customized entrepreneurship training courses offering entrepreneurship guidance will be made for the competition 'makers' and activities such as job fairs and entrepreneurial activities and so on will be held.
Startup Mentors
We will have eminent VC investors or experts both in China and from worldwide as startup mentors providing guidance, venture capital and other resources for projects to take the first step and grow fast.
Venture Capital
Major VC companies in Hangzhou will be invited for projects financing connection.。
Sponsorship
These startups register their business and start operation of the company in Hangzhou within one year after the competition will be rewarded:
The First Prize RMB¥5,000,000
The Second Prize RMB¥3,000,000
The Third Prize RMB¥2,000,000
Startups entering the Finals RMB¥1,000,000
Other Startups Entering the Semi-Finals RMB¥200,000 - ¥1,000,000RMB(base on the competition rankings in the Semi-Finals)

These startups which register in Hangzhou within two years after the competition could be re-evaluated after application. If the projects are confirmed to be advanced, they can be subsidized with the corresponding funding.
Other startups (entering the Semi-Finals) register in Hangzhou can enjoy the various types of local policies without evaluation.
Preferential Policies
A project registered in Hangzhou is eligible to enjoy preferential policies of the industrial park where it is located, including tax cuts, housing subsidies, financial guarantees and discount loans.
Miscellaneous

1. The Competition is complimentary to all contestants.
2. No violation of any rule of the Competition is allowed. Any of unlawful submission of projects’ information or data, such as plagiarism and unauthorized use, is prohibited. Any contestant breaking such rules will be disqualified or requested to return the prize money. Any copyright dispute arising from the projects should be the full responsibility of the contestant.
3.If competition cannot be normally held due to force majeure, the organizer shall have the right to make corresponding adjustments to the schedule or terminate the competition.

4. Information of the projects will be given to all Hangzhou-based enterprises, industrial parks and research institutions with an intent to seek partners from the Competition. Road show open to the public will be an alternative for contestants to unveil their projects.
5. Contestants shall join the Competition of their own free will. They are allowed to contact the Office of the Organizing Committee for any dispute or question on the Competition or choose to quit. However, they are not entitled to request for any change of the Competition’s rules or compensation for any cost incurred for the Competition.
6. The Organizing Committee shall reserve the final rights to supplement the rules of the Competition and explain them. Matters not covered herein shall be separately informed.

Contest entry form template
Contest PPT Template

Contact of Competition Organizing Committee Office:

+86-571-88381596

+86-571-88389576

+86-571-88389976

E-mail:iechz@vip.163.com

Organizing Committee, Innovation & Entrepreneurship Competition for Overseas Talents 2021· Hangzhou