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Global call goes out for innovative entrepreneurs

en.lingang.gov.cn| Updated: Apr 1, 2024 L M S

A poster promotes applications for the 2024 X·TIME International Entrepreneurship Competition. [Photo/WeChat ID: shlgguanweihui]

The 2024 X·TIME International Entrepreneurship Competition is now inviting ambitious innovators worldwide to showcase their ventures. From now to June 14, those who are interested may register through official channels.

Registration details:

1. Official registration website: https://playbook.pnpchina.com/#/Game/xtime 

2. QR code for registration access

Competition Regions, fields and prizes:

Regions: Beijing, Shanghai, Shenzhen, Chengdu, Silicon Valley

Total prize money: 2.8 million yuan ($387,000)

Fields: Automotive electronics, key software, artificial intelligence, integrated circuits

Settlement rewards:

Winning projects receive comprehensive support including talent settlement grants, housing subsidies, permanent residency assistance, research and development grants, free office space, financing assistance and tailored financial services.

Talent settlements: Focus on direct talent introduction and shortening residence-to-household transition periods.

Housing subsidies: Range from 150,000 yuan to 5 million yuan for home purchases, along with relocation allowances and rental subsidies.

Permanent residency assistance: Involve help with simplified applications procedures and expedited processes.

Research and development grants: Up to 30 percent of total R&D expenditure.

Free office space: Enjoy up to 500 square meters of rent-free office space for two years.

Financing assistance: Priority investment opportunities in the Lin-gang Science and Technology Innovation Fund, with credit lines of at least 10 million yuan from Shanghai Bank and international equity investment opportunities.

Tailored financial services: Access up to 1 million yuan in personal consumer loans with preferential terms, along with financial consulting services and other support for enterprises.

Additional Opportunities:

Participating projects get the chance to engage in roadshows, innovation showcase events, investment matching and ecosystem cooperation activities organized by Plug and Play China, a US-based business incubator. They'll also collaborate with leading investment institutions, domestic and international universities, research institutions and global industry leaders. Expert mentors, investors, academics and business consultants will provide guidance, while global media partners will offer diverse brand promotions services.

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