The 2nd Phoenix Tree Innovation and Entrepreneurship International Competition finals were recently held at the Southern University of Science and Technology (SUSTech) Convention Center.
14 teams domestically and internationally competed in the finals, covering four cutting-edge scientific and technological fields: new generation electronic information technology, high-end manufacturing equipment, new materials and green low-carbon, and biomedicine and health.
The competition is a key event of the Shenzhen branch of the National Demonstration Base for Mass Entrepreneurship and Innovation week, under the guidance of the Shenzhen Development and Reform Commission, Nanshan District Government, and the National Demonstration Base for Mass Entrepreneurship and Innovation of the SUSTech Science Park. The SUSTech Incubator Management Co. Ltd. co-organized the event.
It aims to promote the initiative of mass entrepreneurship and innovation by integrating the relevant resources, accelerating the gathering of industries, technologies, capital, and talents, and serving the development of Shenzhen’s “20 + 8” strategic emerging industries.
It also helps high-tech talents domestically and internationally to innovate and start businesses in Shenzhen, and contribute to the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
The competition invited investment, academic, and technical experts to conduct professional evaluations on enterprise projects from team cooperation, technological innovation, business model, industry and enterprise growth, and other dimensions, and provide valuable opinions and suggestions for entrepreneurs.
In his remarks, Susheng WANG, Chief Financial Officer at SUSTech, said that the Phoenix Tree Innovation and Entrepreneurship International Competition is an important event for SUSTech since it was elected into the “Double First-Class” universities group.
The SUSTech Science Park was approved in 2020, creating a high-level international entrepreneurship and innovation platform for “global entrepreneurship”.
Since its launch in May 2022, the 2nd Phoenix Tree Innovation and Entrepreneurship International Competition has received extensive attention, with a total of 226 teams being registered. This included 88 teams with overseas backgrounds, accounting for 39% of the total registration, and 54 teams from outside Shenzhen, accounting for 24%.
53 teams advanced to the semi-finals stage, with 14 advancing to the finals.
The competition concluded with Shenzhen Fuke Instrument Technology Co., Ltd. winning the first prize. In total, one 1st prize, three 2nd prizes, ten 3rd prizes, and ten excellence prizes were awarded at the finals.
Almost half of the 14 teams participating in the finals have reached an investment agreement with investment institutions.
