HICOOL 2023 Global Entrepreneurship Competition for African Startups ($10m to be won by 140 Startups)

HICOOL 2023 Global Entrepreneurship Competition for African Startups ($10m to be won by 140 Startups)

The HICOOL Global Entrepreneur Summit and Entrepreneurship Competition are for Entrepreneurs.HICOOL 2023 Global Entrepreneurship Competition for African Startups ($10m to be won by 140 Startups)

It aims to build a multi-level, multi-dimensional, and diversified international entrepreneurial model, seeking high-quality startups worldwide, and facilitating entrepreneurs to grow and expand their businesses in Beijing.

The competition invites top investors, famous mentors, and leading entrepreneurs to provide all-around entrepreneurial guidance and acceleration, to continuously empower entrepreneurs in Beijing by providing a full range of “Beijing Services” such as talent settlement, children’s education, healthcare, designated apartments, etc.

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The HICOOL 2023 Global Entrepreneur Summit and Entrepreneurship Competition is mainly divided into four stages:

  • Online Assessment
  • Preliminary Round
  • Semifinal, and;
  • Final

The agenda of the Competition is arranged as follows:

> Registration Stage: Jan 2023

> Online Assessment: May 2023

> Preliminary Round: June to July 2023

> Semi-final Stage: August 2023

> Final Stage: August to September 2023

Stages for Startups

  • Bootstrapped
  • Pre-Seed
  • Seed
  • Angel
  • Pre-A
  • Series A
  • Series B

Project benefits

  • USD 10 Million Prize Pool
  • There are 140 prize winners in the competition, including 7 first prizes, 21 second prizes, 42 third prizes, and 70 winner prizes.
  • The awards are distributed in the proportion of 5:2 among overseas and domestic groups.
  • First Prize: 7 * CNY 2 million (≈USD 291,000) / startup
  • Second Prize: 21 * CNY 1 million (≈USD 146,000) / startup
  • Third Prize: 42 * CNY 500,000 (≈USD 73,000) / startup
  • Winner Prize: 70 * CNY 200,000 (≈USD 29,000) / startup

Benefits for Entrepreneurs

1. Permanent Residency Support:

Foreign winners, their spouses, and minor children can apply for residence permits valid for two to five years by winning first, second, and third prizes of the overseas group. With the recommendation, the winner can directly apply for a permanent residence permit for foreigners.

2. Brand Exposure in China:

Entry of scientific research articles (First, second and third prize winner of the overseas group). A small amount of scientific research and teaching materials imported by the winners can be exempted from import tax.

3. Children’s Education Support:

It will be given to the winner’s children in the municipal public schools first. Children of foreign winners can attend international classes in international schools or public schools.

4. Social Insurance Support:

For first, second, and third prize winners of the overseas group. The foreign unemployed spouses and children under the age of 16 of the winners can participate in the basic medical insurance for urban residents in Beijing.

The Competition is focused on 7 Tech Areas

1. AI/VR/FinTech: AI Foundation Layer, AI Technical Layer, AI Scenario Application, FinTech, General Technology, VR, Others

2. Medicine & Healthcare: Modern Medicine, Medical Devices, Medical Services, Drug R&D and Manufacturing, Biotechnology, and Others

3. New Generation Information Technology: Communication Networks, Industrial Internet, Network and Information Equipment, Emerging Software Development, Integrated Circuit, Network, and Information Security Services, Others

4. High-end Equipment: Scientific Instruments and Sensors, Intelligent Manufacturing Equipment, Rail Transit Equipment, Intelligent Vehicle, Aerospace Equipment, Marine Engineering Equipment, Others

5. New Energy / New Materials / Energy Conservation & Environmental Protection: New Energy Products and Technology, Power battery, New Material, Carbon Neutrality, Energy Conservation, Environment Protection, Resource Recovery, and Comprehensive Utilization, Others

6. Cultural Creativity: Online Education, Cultural Entertainment (Movie, Game , Trendy Toys and etc.), New Retail, Industrial Design, Others

7. AgriTech/FoodTech: New AgriTech, FoodTech and Product Safety Traceability, New Logistics and Supply Chain, Others

Who Can Apply?

> You are a tech-based startup founder who wishes to do business in China through landing in Beijing.

> You have not registered any company in Beijing yet or with companies registered in Beijing after Jan 1st, 2023 (Jan 1st, 2023 included).

> If you have already registered any company in Beijing during last 10 years, please reach out to Carol Chen PKU separately without participating here.

Application Deadline – January 31, 2023

Click here to apply