Russia-China Innovation Competition 2021

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Application deadline 16th May 2021

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About the competition

The new Russia – China Strategic Partnership Era announced in 2019 heralds the golden period for Sino-Russia relations, leading to a rapidly increasing volume of bilateral economic, scientific, academic and cultural exchange. In 2021 the two countries are celebrating the 20th anniversary of the signing of the treaty on good-neighbourliness, friendship and cooperation. The competition selects and showcases outstanding examples of innovative high-tech start-ups from across Russia, with a goal of conducting research and development and commercialising in China. Competition participants will have access to high-level roadshows, training and business/investment/government contacts; finalists will receive training and access partnership opportunities, and winners will be awarded cash prizes (initial landing capital) and access to municipal and provincial-level grant programmes in Nanjing. This year’s competition will be hosted by the government of Nanjing in Jiangsu province, the leading innovation city in China’s fast developing Yangtze River Delta region, China’s Silicon Valley, and attracts a large number of participants and visitors every year. In 2021 the competition events will adopt the hybrid form as both an in-person innovation competition in China and an online event for the foreign participants and guests. [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fullwidth=”on” specialty=”off” background_image=”https://globaltechip.com/wp-content/uploads/2021/04/buyi-huang-Kzn7APqg8kM-unsplash-2.jpg” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” module_id=”nanjing_russiachinacomp2021″][et_pb_fullwidth_slider admin_label=”Russia & Nanjing” show_arrows=”off” show_pagination=”off” auto=”off” parallax=”on” parallax_method=”off”][et_pb_slide background_image=”https://globaltechip.com/wp-content/uploads/2021/04/buyi-huang-Kzn7APqg8kM-unsplash-2.jpg” background_color=”#ffffff” alignment=”center” background_layout=”dark” allow_player_pause=”off”]

Discover Nanjing City

Nanjing city, situated in eastern China, in the heart of the Yangtze River Delta region, is the capital of Jiangsu, the most technologically advanced province in China with the highest GDP per capita. Nanjing is consistently ranked as one of China’s most economically dynamic cities, with strengths in healthcare, software, and advanced manufacturing. Nanjing also ranks 3rd in terms of University enrolment and research and development (R&D). The city, with its rich academic resources, is focusing on strengthening R&D ties between leading Russian and Chinese Universities and research institutes (URIs). Nanjing’s goal is to create a strong cross-border Sino-Russia URI Alliance to support academic exchange, research partnerships and technology transfer. To support the Alliance, the Nanjing Science & Technology Bureau has developed guiding policies to provide financial support for Sino-Russian R&D initiatives. Globaltech IP, operating in Russia and China, will manage the Russia-China Innovation Competition designed for high-tech companies interested in entering the Chinese market. Nanjing logo   [/et_pb_slide][/et_pb_fullwidth_slider][/et_pb_section][et_pb_section fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” module_id=”projectinfo_russiachinacomp2021″][et_pb_row][et_pb_column type=”1_2″][et_pb_text admin_label=”Project Areas” background_layout=”light” text_orientation=”left” module_id=”projectareas_russiachinacomp2021″]

Project Areas

We welcome innovative IT companies operating in:

  • Artificial intelligence and big data
  • Robotics, advances manufacturing and logistics
  • Software, internet of things and information technology
  • Green innovation, new/renewable energy and sustainable development
  • Comprehensive health and advanced medical treatment
  • New vehicles, smart transportation, aviation and aerospace
  • Agricultural technology and food security

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Competition Criteria

 

  • Competition is designed for high-growth companies that have background knowledge in China / Asia markets and have intention to operate in the region.
  • The companies will be made aware of the funding and subsidies provided by Chinese authorities and requirements for such opportunities.
  • Projects will be judged on innovation, competitiveness, China business model and market analysis, and plan (development, market, financial). Judges will include investors, industry & sector experts, innovation specialists and successful entrepreneurs from both the Russia and China.
  • Teams will be scored and on entrepreneurial experience, aptitude and commitment to China market, including relevant R&D, commercialisation, business development and management skills.
  • Companies with strong intent and ability to land in China in terms of human and financial resources will be prioritised.
  • Products, technologies and related patents of the participating projects should be wholly owned by the companies and not subject to IP disputes or controversy.

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Prizes & Awards

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¥50,000

1st prize

approx. $7500

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¥30,000

2nd prize

approx. $4500

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¥20,000

3rd prize

approx. $3000

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  • During the Finals 3 top projects will be selected for as winners of: RMB 50,000 for 1st, RMB 30,000 for 2nd and RMB 20,000 for 3rd places (prizes allocated as initial capital for landing in China.)
  • The top winner company will receive the Nanjing Talent Grant, subject to its qualifications and approval from the authorities.
  • All winners will be invited to Nanjing to attend a special awards ceremony, epidemic travel situation allowing.
  • Selected finalists will be invited to apply for the Nanjing Talent Grant Programme as Recommended Applicants seeking the government-led subsidy of RMB 500,000.
  • Competition finalists have a chance to be selected to the semi-finals of the national ZGC competition in September (2 in 1).

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Schedule

20 April Official Competition Announcement Published 16 May Application Deadline 17 May Semi-finalists Announced 29, 30 May Competition Semi-finals (hybrid event) 1 June Applicants’ Entries Assessed and Finalists Announced 12 June Video Presentations Prepared by Finalists 15 June Competition Finals (hybrid event) 21 June Awards Ceremony during Russia-China Innovation Alliance Forum (RCIA) All dates are subject to change       [/et_pb_text][/et_pb_column][et_pb_column type=”1_2″][et_pb_text admin_label=”Competitions Process” background_layout=”light” text_orientation=”left” module_id=”compprocess_russiachinacomp2021″]

Process

 

  • Each competing project should submit a detailed application form and a pitch deck in English describing the innovation / technology, IP, market, project status, team and funding.
  • Application forms and slide decks should be submitted here, alternatively email competition@globaltechip.com
  • A Russia-China panel of expert judges will select 20 semi-finalists to advance to the semi-final pitching stage.
  • Semi-finals will determine 7 finalist projects.
  • Further detailed project information will be collected from the finalist teams and assessed.
  • During the Finals 7 projects will present to a panel of judges from both Russia and China, as well as a live audience that will include Nanjing officials, investors and entrepreneurs.

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Past Events

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Partners

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