BNC and the 3rd China (Shenzhen) Innovation & Entrepreneurship International Competition
Coming back for the 3rd year in a row, China (Shenzhen) Innovation & Entrepreneurship International Competition is amongst the most prestigious competitions for start-ups at any stage of development. Spanning across 10 cities from 9 countries, numerous high-quality start-ups compete for their chance to win one of the 10 spots per city to present on the main stage at the International Competition.
The competition attracts the best of overseas start-up projects ready and eager for expansion. In order to implement its innovation-driven development strategy and promote Shenzhen’s industrial structure, 2019 marks the first year to include three new professional competition categories including Internet of Things (IoT), Artificial Intelligence (AI) and Financial Technology (FinTech). The competitions ultimate goal is to integrate innovation and entrepreneurship resources to help foreign innovators and entrepreneurs connect with Chinese hi-tech industrial resources, thus expanding the Chinese market and assisting innovators to reach their dreams.
Highlights of the international competition include up to 40 venture capital organizations participating. Additionally, a number of renowned investment organizations collaborate during the competition to form a venture capital fund pool of roughly 3.2 billion Euro. This pool will be utilized in portfolio investment for selected competing projects. During the competitions, investment organizations and investors from Shenzhen will serve as judges and supervisors and engage in project connections between different countries and divisions. All participating projects will be provided with social capital investment opportunities through the investment connection service platform of the competition. Additionally, two banks will be selected to offer various forms of financial service solutions such as “investment and financing loans” and “talent loans” to offer more options to the settling companies in terms of financing and facilitate the development of contestants.
This month BNC LedgerTech had the pleasure of competing in the preliminary Tel Aviv competition, successfully securing a spot amongst the top 10 start-ups moving forward to the International competition in Shenzhen. We will be up against 100 other outstanding projects from around the world, offering a fantastic opportunity to expand the BNC LedgerTech brand and gain global recognition. Furthermore, we will utilize this platform to create beneficial partnerships through a variety of industries.
BNC LedgerTech is proud and excited to be moving one step forward in changing the world with our revolutionary new technology.