Country for PR: China
Contributor: Xinhua News Agency
Tuesday, January 04 2022 - 11:50
AsiaNet
Landmark international innovation and entrepreneurship competition concludes in China's Chongqing with top prize worth 100 mln yuan
CHONGQING, China, Dec. 31, 2021 /Xinhua-AsiaNet/--

Chongqing Liangjiang Collaborative Innovation Zone Mingyue Lake International 
Innovation and Entrepreneurship Competition concluded Thursday in Chongqing 
Liangjiang New Area. Contestants across the country leveraged their ideas and 
proposals to win industrial support totaling 300 million yuan and start-up fund 
worth 500 million yuan.

The competition, one of the country's biggest science and innovation contests, 
focuses on the four major tracks, including high-end intelligent manufacturing, 
high-end biomedicine, semiconductor and intelligent information technology, and 
new energy and new materials.

The event seeks to introduce and cultivate innovative leading talent teams and 
high-quality projects, accelerate the gathering of high-end innovative 
elements, create a full-factor and full-chain innovation ecosystem, and help 
the new area play a better leading and exemplary role in the scientific and 
technological innovation of Chongqing.

Since the competition was officially launched in June, it has attracted nearly 
2,000 teams (projects) from home and abroad with seven city promotion 
roadshows. More than 60 authoritative venture capital institutions and hundreds 
of well-known investors participated in the competition.

After seven months of heated competition, the micro-nano additive manufacturing 
technology industrialization project won the special prize of the competition, 
and received a landing support award of 100 million yuan. In addition, the 
competition also selected one first prize, two second prizes, four third 
prizes, 10 winning prizes and 10 innovation prizes, which were awarded 50 
million yuan, 20 million yuan, 10 million yuan, 5 million yuan and 2 million 
yuan respectively.

As the first national-level development and opening up new area in the inland 
region, Chongqing Liangjiang New Area accounts for less than 1.5 percent of the 
city's area, but generated 15 percent of its GDP. To be specific, during the 
13th Five-Year Plan period, the GDP of the new area increased by 7.5 percent 
annually and reached 367.5 billion yuan in 2020, with the total large-scale 
industrial output exceeding 450 billion yuan.

In recent years, Chongqing Liangjiang New Area has actively laid out the 
ecological layout of scientific and technological innovation, adhered to the 
idea of "scientific innovation + industry", and focused on attracting worldwide 
enterprises and teams with advanced innovation achievements in related fields, 
breakthroughs in core key technologies and good industrialization prospects. Up 
to now, 40 universities, colleges and institutes at home and abroad have been 
introduced. The new area is developing collaborative innovation in a green 
manner, gathering a large number of advanced technologies and innovative 
talents for Chongqing.

At present, Chongqing Liangjiang New Area is speeding up the construction of 
the core bearing area of innovation centers with national influence. The 
Liangjiang Collaborative Innovation Zone will be built into an influential 
highland for gathering global innovation elements, a highland for promoting 
collaborative innovation and cooperation among universities, colleges and 
institutes, an important source of scientific and technological innovation, 
industrial innovation and emerging industries.

Source: Chongqing Liangjiang New Area