The 5th “Red Boat(Hong Chuan) Cup” Jiaxing Global Innovation & Entrepreneurship Competition is officially open for registration and invitations are sent to the global entrepreneurial elite!

Recently, the 5th “Red Boat (Hong Chuan) Cup” Jiaxing Global Innovation & Entrepreneurship Competition, sponsored by CPC Jiaxing Municipal Committee and Jiaxing Municipal People’s Government, and jointly undertaken by CPC Jiaxing Municipal Committee Organization Department (Municipal Talent Office) and Jiaxing Human Resources and Social Security Bureau, was officially launched, and an invitation letter was sent to the global entrepreneurial elite.

As an annual innovation and entrepreneurship event in Jiaxing, the theme of this competition is “Leaping forward to create the future together”, aiming at accelerating the construction of Jiaxing talent city, vigorously introducing high-level talents from home and abroad to start businesses in Jiaxing, promoting the high-quality economic and social development of Jiaxing, and creating a “strong magnetic field” and a “youth entrepreneurship city” for talents gathering in the Yangtze River Delta facing the world and connecting with the international community. Under this background, the 5th “Red Boat (Hong Chuan) Cup” Jiaxing Global Innovation & Entrepreneurship Competition was specially held.

The competition is divided into four fields: digital economy, high-end equipment, new materials and energy conservation and environmental protection, and life and health. According to the event arrangement, the entrepreneurship competition is divided into five stages: project declaration, qualification examination, preliminary selection (technical evaluation), industry competition and grand final. The innovation competition is released globally and the grand final will be held in Jiaxing.

From now until July 25, 2021, participants who meet the entry requirements can register on the Red Boat (Hong Chuan) Cup page of, fill out the declaration form and upload the attached materials, and select “Zhejiang Torch Center” as the recommending organization. The recommending organization should be “Zhejiang Torch Center”.

In terms of award setting, the Entrepreneurship Competition Summary Competition will decide one special prize with a bonus of 200,000 yuan; 2 first prizes with a bonus of 100,000 yuan; 5 second prizes with a bonus of 50,000 yuan; Eight third prizes, with a bonus of 30,000 yuan.

In terms of project funding, the winning projects in various industry competitions of entrepreneurial projects are regarded as Class C.. Among them, those who won the special and first prizes in the finals were promoted to Class A, and those who won the second prize were promoted to Class B.. All award-winning projects set up enterprises in Jiaxing before the end of 2022, which meet the conditions of the “Innovative Jiaxing Elite Leading Plan” entrepreneurial talent project and sign relevant agreements, as the “Innovative Jiaxing Elite Leading Plan”, Class A+, Class A, Class B and Class C, included in the innovation leading talents of the year, enjoying 7-10 million yuan, 5 million yuan, 3 million yuan and 200 yuan respectively.

In addition, the competition is set up with corresponding supporting support, including subsidies for expert allowances, subsidies or reductions in premiums for policy guarantees, interest subsidies for loans, a 600,000 yuan talent housing ticket (home purchase subsidy) for the winner and the transformation of entrepreneurial achievements, listing incentives, etc.

In order to encourage the global entrepreneurial elite to actively participate in the competition, there is no charge for this competition, and the organizing Committee of the competition will provide corresponding transportation and accommodation subsidies according to the place of departure for those who cross cities to Shanghai to participate in the domestic competition and Jiaxing to participate in the finals.

The organizing committee of the competition stated that Jiaxing is a city with outstanding talents, rich humanities and talented people, and it is also a dream-seeking place for talents from all walks of life. Welcome to Jiaxing for innovation and entrepreneurship, and play the strongest voice of mass entrepreneurship and innovation.

Media Contact
Company Name: Zhejiang Torch Center
Contact Person: Zhang Lili
Email: Send Email
Country: China