Beijing hosts 2nd entrepreneurship contest for Chinese returnees

Organizers pose at the 2nd China Returnee Entrepreneurship Contest launch ceremony in Beijing on April 15, 2016. [Photo provided to chinadaily.com.cn]

The 2nd China Returnee Entrepreneurship Contest is an entrepreneurship competition tailored for returnees.

The contest, themed 'Converge Returnee Talents, Boost Innovation and Entrepreneurship', was launched in Beijing on Friday. Under the guidance of several government agencies, it's organized by the Chinese Returned Overseas Scholars Entrepreneur Parks' Alliance.

Over 200 entrepreneurship parks for returnees nationwide provided support while more than 30 venture capital organizations were involved in the competition.

Featured in returnee entrepreneurship, the contest requires all participating teams to have at least one returnee, from overseas study or from overseas work experience.

The competition establishes a training camp led by entrepreneurship mentors who offer counseling in business planning, marketing and management, intellectual property, entrepreneurship policy, and assistance in settlements.

The contest will be divided into three stages: the preliminary round, expert review round, and the final round. The winner will be awarded with certificates and opportunities to approach institutional investors.

The first contest was hosted in 2015. It attracted a total of 238 teams from home and abroad. About 152 projects were approved at the preliminary round and 30 of them drove into the finalist.

Registration begins on April 15 and ends on July 31.