The Shanghai Cross-Strait Youth Entrepreneurship Competition kicked off its sixth edition on Monday, with the metaverse as a prominent theme.
The event was first launched in 2016 by the Cross-Strait Entrepreneurs Summit, Shanghai Taiwan Enterprise Alliance, Shanghai Employment Promotion Center, Shanghai (Jingshan) Cross-Strait Youth Entrepreneurship Base and some other countries and attracted more than 7,000 young entrepreneurs will present 2,776 programs over the last five editions.
This year, individuals aged no more than 45 or teams with an average age of 45 and under from home and abroad can submit entries through the competition website (http://2022.jskehuang.cn/) until August 15.
There are five sections – optoelectronics and semiconductor integrated circuits, life and health, smart manufacturing, cultural creativity and digital economy, which are key industries that Shanghai is trying to develop.
It should be noted that the metaverse is included in the digital economy section for the first time in the competition, in addition to virtual people, big data consulting, e-commerce and SaaS (software as a service).
Up to 80 projects will be selected to be presented in Shanghai, Taipei or Guangzhou to compete for 20 tickets to the finals scheduled for September 23 in Shanghai.
During the competition, the organizers will invite venture capital institutions and experts in law, tax and entrepreneurship to give lectures and trainings for the participants. A conference will also be organized during the competition to share experience and wisdom on starting a business.
The winners will receive a bonus of 10,000 yuan to 200,000 yuan (US$1,500-30,000) in cash and personalized services if they decide to implement their projects at the Shanghai (Jingshan) Youth Entrepreneurship Base.