HICOOL Global Entrepreneur competition


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HICOOL
Introduction to the Competition

创想未来!

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The HICOOL Global Entrepreneur Submit and Entrepreneurship Competition was created with entrepreneurs in mind. Our theme is “Envision the future”. We aim to find high-quality projects globally and assist our winners to settle and to develop rapidly. The competition has 100 winning spots, with a total sum of RMB 80 million in cash prizes, as well as RMB 1 billion in investment funds. The winning projects will be provided tens of thousands of RMB in direct investment funds.The competition will invite top investors, well-known mentors, and leading entrepreneurs to provide full-scale entrepreneurial counseling and assistance for the participating projects, creating a multi-level, multi-dimensional, and diversified international entrepreneurship model. Our “Beijing Service” package will help the winners settle down in Beijing, providing free education for their children and medical insurance, as well as accommodation, to empower the entrepreneurs in Beijing in the best possible way.

Competition theme
Envision Future 创想未来!
Organizational Structure
2020.5
Event Organizer:Beijing Hycore Innovation Co., Ltd.

Strategic Partners:

Baidu Inc., Xiaomi Corporation, ByteDance, Sequoia Capital, HillHouse Capital, , IDG Capital, Northern Light Venture Capital, FESCO, FuWah International Group

Supporters:

Beijing Stock Exchange Trading Center, Peking University Alumni Association, Tsinghua University Alumni Association, TusStar, Zhihu, Maimai, Microsoft Accelerator, Plug and Play, Founders Space, PKU Entrepreneur’s Training Camp, City of Angels Camp, Brinc, Dark Horse, CYZone, Slush China, Hanhai Holding

Competition process
Registtation: 
15 May — 15 July 2020

Method 1: Click to read the original jump contest website to register,Click the link – sign up now – register account – sign up for the competition – select the Chinese competition area – fill in the information – submit.

Recommended channels fill in Founders Space Hangzhou Center

Method 2: scan the QR code below to add the working account number of founders space Hangzhou , fill in the application form, and the platform will assist in the applicationScreening:

16 July — 19 July 2020

The Competition Organizing Committee will select 400 projects to enter the preliminary round and notify the finalists by 20 July 2020.
Preliminary : 25 July — 20 August 2020

Competition Venues Abroad: San Francisco, Toronto, London, Berlin, Singapore, and TokyoCompetition Venues in China: Beijing, Shanghai, Shenzhen, Hangzhou, and Hong Kong

Competition Format: Domestic competitions use an offline road show method, and foreign competitions use an online/offline road show method (depending on the development of the COVID-19 Pandemic in the location of the competition).

Competition Rules: The competitions in Beijing will be organized in the sub-track mode, while other venues around the world will use the mixed-track mode.

A total of 150 projects will be selected among the Creator Groups and Growth Groups to enter the semi-finals.

Semi-Final: 19 September 2020

Venue: Beijing, China

Competition Format: Offline Road Show (may be adjusted based on the development of the COVID-19 Pandemic)

Competition Rules: All competing projects will be divided into 6 groups according to the tracks. A total of 20 projects will be selected to enter the finals, competing for the first and second prizes. At the same time, 30 third prizes and 50 winning prizes will be selected.

About Travel Expenses Subsidies:

Creator Group Project: The Organizing Committee will cover the accommodation cost of no more than 3 nights during the competition in Beijing, and provide transportation subsidies. The transportation subsidy for Creator Group participants in Europe and the United States is RMB 7000 per person. The transportation subsidy for Creator Group participants in the Asia-Pacific region is RMB 4,000 per person. The maximum transportation subsidy for participants from Chinese cities outside Beijing is RMB 2,000 per person. The reimbursement is based on the actual amount incurred and is limited to one person per project.

Growth Group Project: The organizing committee does not pay for travel and accommodation.

Final:

20 September 2020
Venue: Beijing, China
Competition Format: Offline Road Show (may be adjusted according to the development of the COVID-19 Pandemic)
Competition Rules: 
The results of the semi-finals will be cleared. The final events occur on mixed tracks. The 20 finalists compete for the first and second prizes. The live competition will be witnessed by staff of the notary office for full supervision and notarization.
During the competition in Beijing, the Organizing Committee will arrange for participants to visit Beijing’s innovation and entrepreneurship sites, and to get acquainted with the administrative districts, entrepreneurial parks, investment institutions, and industry leaders of Beijing. After the competition, they will also assist the shortlisted projects to expand in the Chinese market, building a communication platform for resource docking.
Thorough Investigation:The selection of the global competition is based on the principles of “fairness, justice, and openness”. The Organizing Committee will issue an investigation notice for each project in the final round and conduct legal investigations on the projects. Unsuccessful projects will be revoked. The Committee is responsible for keeping all project information confidential.

The investigation includes but is not limited to: corporate background, shareholding structure, affiliated companies, subject information, fixed assets, intellectual property
rights, business status, financial status, industry awareness, and team and other information.
Completion Tracks and Groups
The competition is mainly aimed at entrepreneurial projects in the field of science and technology. The tracks are set to the following six industrial areas: artificial intelligence, big data, and financial technology; bio-health; new-generation information technology; new energy, new materials, and smart equipment; cultural creativity; and other categories.Each track is divided into two groups: a Creator Group and a Growth Group.

Creator Group: For entries that have not been registered in Beijing at the time of registration. 

Growth Group: For entries that have been registered in Beijing at the time of registration.

 
Entry Requirements
Entries can be declared in the name of individuals or teams. Individuals and team members participating in the project should have obtained an educational degree overseas, or have studied, worked, or started a business overseas for more than 1 year, while having returned to China for no more than 10 years. Only one project per individual/team can take part in the competition.In addition, depending on the different groups, the following conditions must also be met:

Creator Group Project:

The participant should be willing to start a business in Beijing and promise to land the project in Beijing in the form of a company within 1 year of receiving the award. If the project is declared in the name of an individual, that individual should be the main founder of the landing company and the largest natural person shareholder, holding no less than 30% of shares. For a project declared in the name of a team, the team can have no more than 5 individuals, and the team’s equity should account for no less than 50% of the total equity of the landing company

Growth Group Project: 

The company must have been established less than 10 years ago. If the project is declared in the name of an individual, that individual should be the company’s main founder and the first natural person shareholder, holding no less than 30% of shares. For a project declared in the name of a team, the team can have no more than 5 individuals, and the team should hold no less than 50% of the company’s total equity.

Awards
Prize Redemption:1. The winning projects of the Creator Group shall set up a company in Beijing within one year after the competition and submit an application for the prize, which will be cashed after our review and confirmation.

2. The winning projects of the Growth Group may cash out the prizes after the end of the competition.

Contest Procedure

The competition is divided into five stages: registration, screening, preliminary, semi-final, and final. The Organizing Committee of the competition will send notices and release information to the contestants through email and official website messages.
Please Note:
1. This competition does not charge any fees from participants.2. Contestants shall not violate the regulations of the competition. The entrepreneurial project and the relevant materials submitted shall not be illegal in any way, such as plagiarism, embezzlement, etc. Should such illegal practices be found, the transgressing project shall be disqualified from the competition or the bonus will be revoked. If the competition involves intellectual property disputes, all responsibility shall be borne by the participants themselves.

3. Participants take part in this competition on a voluntary basis. If participants have any questions or objections regarding the competition, they may contact the Office of the Competition Organizing Committee or choose to withdraw from the competition. However, participants have no right to request that changes be made to the competition rules or compensation for any expenses incurred due to participation.

4. Competing projects and their materials will be accessible to the Competition Organizing Committee and our judges and experts.

5. If force majeure affects the normal course of the competition, the organizer has the right to adjust the schedule or the format of the competition accordingly.

6. The Competition Organizing Committee reserves the right to amend the rules and regulations of the competition, as well as the right to interpret them.

7. Unsettled matters will be resolved in the future.

For more information, you can add Founders Space Hangzhou center working account consultation.E-mail:

fshz@foundersspacehz.com

浙江萧山外国高端人才创新集聚区以钱江世纪城为核心,以“两带两廊”为依托,着力打造外国高端人才集聚区、政策服务试验区、创新创业示范区、宜业宜居样板区。Founders Space杭州中心作为浙江萧山外国高端人才创新集聚区主要海外孵化器之一,为创业者提供国际化的办公环境和全方位的增值服务。With Qianjiang Century City as the core and “Two Belts and Two Corridors” as the support, Zhejiang Xiaoshan Foreign High-end Talents Innovation Cluster focuses on building policy service pilot area, innovation and entrepreneurship demonstration area, and model area suitable for industry and living. As one of the main overseas incubators in  Xiaoshan foreign high-end talent innovation cluster, Founders Space Hangzhou Center provides entrepreneurs with international office environment and all-round value-added services.

TEL:177 6726 2980Email:

fshz@foundersspacehz.com

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