On the afternoon of August 8, the Final Special Session for Foreigners’ Innovation and Entrepreneurship Projects of "Innovation & Entrepreneurship Competition for Overseas Talents 2018•Hangzhou" was held in Hangzhou. The "HORUS Wearable Smart Camera" project from Savilio Muggia, Italy, won the first prize.
The competition has been held four times since 2015. The Foreigner Innovation and Entrepreneurship Project is a new event in this year's competition. The person in charge of the competition said that in recent years, Hangzhou's overseas talent net entry rate has led the country to attract them to Hangzhou, which is a major innovation for the introduction of excellent international talents. Since the start of February this year, the competition has attracted 225 foreign innovation and entrepreneurship projects, North America, Europe and other developed countries and regions registered 60% of the participants, the digital economy and the major health areas of the competition projects account for more than 75%, in accordance with the direction of Hangzhou industry. There are nine finalists in the finals, mainly in the fields of digital economy, new energy, big health and so on.
In order to effectively attract foreign innovation and entrepreneurship projects to Hangzhou, the organizers not only set up bonuses for the award-winning projects for foreign innovation and entrepreneurship projects, but also about 500 million yuan venture capital fund for this competition will be established for projects financing connection.
At the end of the competition, the award and some outstanding projects in Hangzhou will be implemented, and the city level of RMB 5 million can be financed in Hangzhou, and the preferential policies can also be obtained.