Starting from 2013, OTEC holds Global Entrepreneurship Competition which is attended by top investing institutions and enterprises, so as to make quick matching between projects and full elements like market and capital and attract excellent projects from around the globe to come to Chaoyang, know about Chaoyang, and settle down in Chaoyang.
OTEC 2021 Global Entrepreneurship Competition is held between May and August, consisting of the overseas competition zone, the domestic competition zone, and the cooperative invitational contests. The winning projects of the competition zones and the invitational contests will take part in the global final.
There are 4 tracks under OTEC 2021 Global Entrepreneurship Competition , namely, the new consumption track, the big health track, the data intelligence track, and the digital economy (Chaoyang Area of Beijing Pilot Free Trade Zone) track.
1. The founder should be (1)Chinese nationals who held bachelor’s degree or above from overseas OR (2)foreign nationals who held bachelor’s degrees or above OR (3)talents who have more than 1 year of work or entrepreneurship experience overseas.
2. The company should be registered within the last 2 years (Post 2020.1.1).
3. Early Projects (Pre-A/A-round investments or earlier)
1. Founders aren’t required to have any overseas experience.
2. The company should be registered for 2 - 10 years (company registered between 2011.1.1 - 2020.1.1).
3. Growing projects (between A- round to B+- round investments).
|Prize||Startup Group||Growth Group||Winning Project|
|The 1st place||The 2nd place,
the 3rd place
|The 1st place||The 2nd place,
the 3rd place
|Funds||*Reward for Startup - Phoenix Plan Pass Card (3 years of validity)||900,000 Yuan||400,000 Yuan||1.3 million Yuan||800,000 Yuan||100,000 Yuan|
|Space||Free startup incubators working space||12 months||12 months||--||--||--|
|Free registration address||✔||✔||--||--||--|
|Training||Qualification for CEO training of Phoenix School enrollment||✔||✔||✔||✔||--|
|Recommended to be selected for Future Frontier Founder Workshop of Frontier Society, Geek Park||✔||✔||--||--||✔|
|Investment and fundraising||Investor matching with 3 investment institution||✔||✔||✔||✔||✔|
|Matching with Bank for talent loan||✔||✔||✔||✔||--|
|Service||Selected into the Artificial Intelligence Corporate Service Plan by Synced||--||--||✔||✔||--|
|Invitation to attend BEYOND International Technology Expo in Macao, August 26-28, 2021 (two full professional passes)||✔||✔||✔||✔||--|
|Policy consulting service on talent introduction, industry and financing||✔||✔||✔||✔||✔|
|On-boarding program for entrepreneurial teams to settle in Chaoyang district in Beijing||✔||✔||✔||✔||✔|
|Fast lane for handling Beijing work and residence permit||✔||✔||✔||✔||--|
|Green Pass for Foreign Talents Visa||✔||✔||✔||✔||✔|
|Recommended for permanent residence of foreign high-level talents||✔||✔||✔||✔||--|
“Phoenix Plan Pass Card” , including “Startup Expenses Pass Card”, “Youth Elite Projects Pass Card”, “Industry Leading Talents Projects Pass Card” and “Leading Talent Innovation and Entrepreneurship Pass Card”is only valid for 3 years. The right of final interpretation belongs to the Organizing Committee of OTEC.
E-mail firstname.lastname@example.org for any inquiry.
E-mail email@example.com for any inquiry.
The competition adapts a pitch competition format – a 4-minute presentation by the founder followed by 4 minutes of Q&A with the judges. A total of 29 projects will be qualified into the Global Final, including 5 winning projects from the Overseas Zone, 16 winning projects from the Domestic Zone, and 8 winning projects from the Invitational Tracks.
The Global Final consists of “pitch competition” and “investors matching-making”, which finally decides the champions and runner-ups for the Startup and Growth groups.
First of all, you can choose your track according to the industry of your projects, including “New Consumption Track”, “Health & Medicine Track”, “Data Intelligence Track” and “Digital Economy Track (Chaoyang Area of Beijing Free Trade Zone)” .
Secondly, if you want to expand your market outside Beijing, and wish to connect to more local settings through the OTEC platform, you can sign up for the City Invitational Competitions, including:
“New Sports Track” in Beijing/Yanqing/Zhangjiakou. The road show competition will take place in Chaoyang District, Beijing. Afterwards, we will arrange a small trip visiting Zhangjiakou, China.
“New Consumption Industries Track” in the Central Region (Changsha). The road show competition as well as match-making event with the VCs will both take place in Changsha.
“Future Cities Track” in Xiong-an. The road show competition will take place in Chaoyang District, Beijing. Afterwards, we will arrange a small trip visiting Xiong-an, China.
“One Belt One Road Track” in Kunming. The road show competition will take place in Changsha.
Lastly, for those who have already signed up for HICOOL, and would love to know more about the business environment, talent policy and innovation ecology of Chaoyang District through our OTEC platform – please feel free to sign up for the “HICOOL Startup Projects Special Track”. There will be a roadshow competition, and you will get exposure and get connected to more VCs and other valuable resources located in Chaoyang through the OTEC platform.
Yes, you can. The participants for this year's global entrepreneurship competition will be divided into “Startup Group” and “Growth Group”. The “Growth Group” participants aren’t required to have an overseas background. Meanwhile, participants applying for the “Start-up group” must have previous overseas background – if you don’t but your co-founders have overseas background, you can encourage them to apply instead!
All you need to have is an idea. You need to turn your idea into a business plan and apply via the link above. During the competition, you’re required to make a 4-minute presentation followed by a 4-minute Q&A with the judges, that’s all.
No, you can only take part in one track, so make sure to choose your track carefully and wisely.
Contact Zhang 84409718 or e-mail firstname.lastname@example.org for any inquiry.
The expert's review for the startup projects of Phoenix Plan and “OTEC Global Entrepreneurship Competition” are carried out simultaneously.
The winning projects of OTEC will be awarded the “Phoenix Plan Pass Card” prize and are eligible to apply for “Startup Expenses Pass Card”, “Youth Elite Projects Pass Card”, “Industry Leading Talents Projects Pass Card” and “Leading Talent Innovation and Entrepreneurship Pass Card”. Note that the pass card service is only valid for 3 years.
Continuing the "competition-based evaluation" model, after being reviewed by the experts of the OTEC Global Entrepreneurship Competition and obtaining the qualification of the “Phoenix Project Pass Card”, those eligible through the “recommendation system” will receive corresponding recognitions and funding. Among them, those who apply for the Phoenix Plan “Start-up Startup Fee” program must first register for the OTEC Global Entrepreneurship Competition.
Yes, you can certainly participate in the competition, but you should no longer be eligible for the funding from the "Phoenix Plan Pass Card" for the start-up expenses. In principle, the same applicant can only get the "Phoenix Plan" start-up funding once.
Yes, you can. Whether the project is new or the same as last time, you can still take part in the competition as long as the project fits the requirements. But you MUST register a new account.
The application deadline is August 1st, 2021. Time and location for the competitions will be notified by the competition organizing committee. Please keep in touch for more updates.
Chaoyang District High-level Talent Service Center
OTEC(overseas talent entrepreneurship conference) is held by Chaoyang district government in Beijing, China. It is a comprehensive platform serving entrepreneurs who want to start up business in China. It helps entrepreneurs with following aspects: talents, projects, technologies, markets, capitals, policies, and services. OTEC is dedicated to construct an innovative & entrepreneurial ecosystem, to make OTEC as the best platform for overseas entrepreneurs.