The SVIEF "Win in Suzhou"
Start-up Contest is now accepting applications.
The contest, title sponsored by Suzhou, is a
highlight of the 2011 SVIEF and it aims to establish
a platform for the exchange of high-tech talent
and projects, while integrating venture capital,
government, high-tech industrial park, and market
resources in both the U.S. and China. We anticipate
the entry of more than 300 high-tech projects
into the contest. The contest committee and judge
panel are made up of members of Suzhou People’s
Government, well-known scholars, top venture capitalists,
angel investors, private entrepreneurs, PE funding,
and business leaders in the U.S. and China. They
will review all entries and select the top 20
most innovative and creative projects to compete
for the first ᾿fifth places in the final contest,
which will take place on October 22, 2011.
||The contest is supported by
Ministry of Science and Technology of the
People’s Republic of China (MOST), China Torch
IT Services Innovation
Alliance. All participating projects will
be directly matched with MOST’s Innovation
Foundation. The winning projects will be recommended
to MOST’s Torch Innovation Foundation.
||To apply for funding, fill
out the free application on the website .
All participating projects will be matched
with Suzhou cityCity, and high-tech
industrial parks. Preferential Policies and
introduction of each high-tech industrial
parks will be distributed on the contest final
||The contest committee will
invite more than 20 private entrepreneurs
to attend the final contest, who will provide
funding for viable projects
||Contestants who qualify for
the final competition will receive one admission
ticket to the 2011 SVIEF opening ceremony featuring
a keynote address by President Bill Clinton.Lunch
and dinner for a team of 3 are also provided free
on the day of the final contest (A total value of
||The top 30 selected
projects will have the chance to receive a $1,000,000
to $2,000,000 incentive investment fund from angel
investors and private entrepreneurs.
||The top 5 contest winners
will have the opportunity to participate in a delegation
to visit Suzhou City, as well as other cities and
high-tech industrial parks to receive preferential
Policies, government support fund.
||The contest committee
and judge panel will select 100 projects to participate
in the first round and will announce them by September
15, 2011. Fifty projects will be selected to move
on to the second round, and on September 30, 2011,
we will announce the top 20 projects, which will
enter the final contest.
||On the day of the final contest
(October 22), each team will deliver a 3-minute
speech and received feedback from the judges.
||The application fee is $30
if paid by July 31, $100 if paid by August. Please
make checks payable to SVIBA and mail them to 1181
Chess Drive, Suite 200, Foster City, CA 94404. Please
write “Start-up Contest- ếand your project name
in the check .
||Applicants whose entries are
accepted will be contacted by phone or email.