"Sunan Cup" Startup Competition
A Business Plan competition is now open for tech-based startup businesses providing rich rewards and a trip to China.
Six finalists (or more) will be invited to Suzhou in the Sunan region. The travel cost (around 5,000 AUD in value) will be covered to go to Suzhou for the final competition, followed by a few days to visit potential investors or partners in Suzhou.
The prize for the competition will be: One first prize: 20,000 AUD cash, plus 10,000 AUD worth of startup services.
Two second prizes: each for 10,000 AUD cash, plus 5,000 AUD worth of startup services.
Finalist awards: each for 5,000 AUD worth of startup services.
The startup services will help the teams to develop: Entrepreneurial capabilities through training, IP protection strategies based on their specific technologies and industries, Marketing research reports focusing on the Chinese market.
Applications are called for the Sunan Cup Startup Competition between now and June 1. The finalists will be flown free of charge, with free accommodation, to Suzhou in the Sunan region of China, where the winner will be announced in mid-July.
The Australian China Association of Scientists and Entrepreneurs (ACASE) has obtained access to the Sunan Cup Innovation Competition run by the Suzhou Science and Technology Town (SSTT) and the Suzhou High-tech Venture Capital Group (SHVG).
Scientists and engineers with ideas and early stage technology are invited to submit applications with business plans for a chance to win these prizes. The competition is part of the Jiangsu-Victoria Innovation Centre, for which a Memorandum of Understanding was signed in March between the City of Melbourne, the University of Melbourne, RMIT, ACASE, SSTT and SHVG. It is open to entrants from any Australian university or research organisation. A Melbourne based incubator is proposed as part of the Jiangsu-Victoria Innovation Centre. Startups in the Melbourne based centre (to be operated by ACASE) will be supported by dedicated angel and venture capital funds with investment available in tens of millions AUD.
Applications should have technology projects suitable for commercial adoption in due course. We are looking for scientific, engineering and technological innovations with good prospects of providing tangible social and economic benefits. Projects that are nearing market readiness are preferred, but the competition is not limited only to those projects. There may be an opportunity to find finance or business partners following the competition, but there will be no obligation on competitors to take up any offers, or to disclose any confidential material during, or after the competition.
The key dates for the competition are as follows:
Submission close date: 01/06/2017
Projects will be invited to upload or record 3-minute pitch video clips after the close date.
Finalists announced: 12/06/2017
Suzhou Final Competition and visit: 10-14/07/2017
Start-up teams with projects demonstrating technological innovation and entrepreneurial initiative (entries will not be limited by age or nationality)
At least 3 people in the core team
Products, technologies and related copyright of the participating projects are vested in the competition team. No copyright dispute.
Submission materials (either in English or Chinese, ideally both)
Application Form (www.acase.org.au/sunan)
Business plan (www.acase.org.au/sunan)
One or two recommendation letters from your entrepreneur mentors (such as from universities, institutes, incubators, program manager)
Contact email: email@example.com