3 first prizes, 6 second prizes, 9 third prizes, and 12 honorable mention prize winners will be selected in the finals.
Subsidies for entering the finals
The room and board expenses for the participants (teams) selected to compete in the finals in Qingdao will be borne by the organizing committee. Certain amount of international travel subsidies will be provided.
Local policy support
1. Winners of the first, second, third and honorable mention prizes in the finals with achieving commercialization in the New Area within one year after the competition will be awarded RMB 1.5 million yuan, RMB 1 million yuan, RMB 500,000 yuan and RMB 200,000 yuan, respectively by the Qingdao West Coast New Area.
2. Highlights of the Qingdao West Coast New Area policy of "bringing in investment and talents from overseas" is attached in the Notice.
About one hundred Well-known domestic investors will be invited to observe the competition to provide funding opportunities for high-quality projects and directly join in the funding of the competition for business incubation, innovation and cooperation.
Global talents are expected to participate in the competition from various countries and regions, such as the United Kingdom, France, Germany, United States, Canada, Australia, New Zealand, Singapore, Israel, Japan, Russia and Ukraine, etc.