National innovation contest opens in Jiangsu

Updated 2016-10-26 10:27:25 chinadaily.com.cn

The finals of a national competition for innovative projects in the electronic information sector opened in Suzhou, Jiangsu province, on Tuesday.

A total of 263 projects presented by corporations or individual teams entered the national finals.

The contest is part of the Fifth China Innovation and Entrepreneurship Competition, an event launched in 2012 hoping to boost the ability of China's medium, small and micro- sized enterprises to innovate.

The China Innovation and Entrepreneurship Competition was organized by the Ministry of Science and Technology, Science and Technology Daily and local S&T development authorities and innovation funds.

The competition covers six sectors: electronic information, new materials, new energy and energy conservation, biomedicine, high-end manufacturing, internet and mobile internet.

This contest marks the third leg of the series of national finals, which kicked off in September.

Besides the competition, the four-day event also gathers leading corporations in the electronic information sector that will meet with start-ups and look for promising projects.

Forums on the operation of start-ups and angel investments will also be held.

The competition links technology with economy, and also is an example of China's efforts to promote economic development through innovation and entrepreneurship, said An Lei, director of the fund management office of the Torch High Technology Development Center under the Ministry of Science and Technology.

This year, more than 34,000 corporations or individual teams signed up for the competition, the highest number of participants since its launch, and 1,440 teams entered the national finals.

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