Launched in May 2019, the competition strictly adheres to the principles of openness, fairness, justice and selecting the best of competition in the assessment of the projects. It mainly considers the following aspects: technology and products, business model and implementation plan, industry and market, team, practicality and so on.
Specific arrangements are as follows:
Announcement, mass-election. Publicity activities are made through domestic and foreign media, institutions, well-known enterprises and associations, i.e. Finland, Switzerland, the Silicon Valley of the United States and other European and American countries as the focus of foreign countries, Beijing, Shanghai, Shenzhen, Hangzhou as the focus at home. Mobilize individuals, teams or enterprises to participate in the registration, and undertake qualification review to the submission of individuals, teams or enterprises.
On the basis of qualification examination, organize relevant experts to evaluate the auditions and determine the qualifications for the quarter-final. Invite investment experts, industry technical experts to form a review team to review the written materials, and select 120 quarter-final projects.
120 quarter-final projects will be judged in groups according to relevant fields, inviting top domestic VC institutional investors, well-known industry technical experts and well-known provincial entrepreneurs in relevant fields to form a review team. Through the way of small-scale live roadshow defense (a small part of video defense), the review team determines the final selection of 30 winners, including the first 12 winners to enter the final.
The final is in the form of large-scale live roadshow defense. The review team is composed of the chief judges and professional judges and the chief judges are well-known entrepreneurs and venture capital experts. The professional judges are composed of representatives from well-known venture capital institutions, securities firms, banks and media in China. The first prize, the second prize and the third prize will be awarded to one, four and seven of the 12 finalists, respectively.