Startup Competition that Can Potentially Change Your Live

If you are looking for fundraising for your startup, would you be keen to explore #startupcompetition on this? Here's one that I am reviewing for this week.

The HICOOL Competition is a startup competition that is held annually in Beijing, China. The Beijing Municipal Science and Technology Commission and the Zhongguancun Science Park organize it.

Here's some of the sharing of a competition that is running now, which is titled the Hicool Global Entrepreneurship competition as a platform for startups to enter our ecosystem.

Here's what I understand, Hicool, and the policies and regulations for the organizer's point of view of the competition. If you are keen to register for the Hicool without need to read full detail, do join it here

What is Hicool

The competition, it is a global entrepreneurship competition that is facing towards startups from all around the world that are interested in coming to China, or if you want to open to the Chinese market. The Beijing government fully supports our competition.

In this competition, we have set 140 winning seats altogether, including seven first-prize winners.

 Each winner will receive 2 million RMP directly from the Beijing government. And the second prize is 21 of them, and each of them receives 1 million RMP in cash. As well as the third prize is 42 of them with 500K RMP in cash and the remaining 70 winning seats with 200K RMP in cash.

 Apart from the bonuses, we also have the support directly by the Beijing government. So the most appealing part is our Beijing household registration or as some of you might have already known in Chinese, it's called HuKou.

And people need to live here in Beijing. So for foreigners, if you're international by yourself, we cannot help you solve the Chinese nationality. But what we can help you with is that we can get you a permanent visa, or you can simply understand it as a green card if you are among our 140 winners.

And second, we can help you solve your children's education here in Beijing. So, for instance, according to the statistics we had the previous two years, many startups are coming outside of China to Beijing. However, they have family issues, so they have children, and naturally, they would like to bring their family from their home country to Beijing. We can provide some assistance for the winners with this part ranging from health insurance, your entry, and exit, the social guarantee, and everything.

Last but not the least, we can also help you with your specific scientific research equipment. For instance, there are many startups in our competition that are focusing on this particular scientific research area that it requires special equipment for their daily research and everything.

However, if by themselves, it's tough for them to bring them all the way from their place to China. But with our help, it will be much easier and we can help you with all these.

For 2022, we have set seven verticals in our competition.

I would like also to emphasize that in the previous two competitions in 2020 and 2021, we only had six of them that are mentioned here, AI, VR, Fintech, New Energy, Information, Technology, Cultural Creativity, New Energy, New Material, Energy Conservation, and Environmental Protection.

And then we have health care, and then we have the high-end equipment. However, we have opened up one more agricultural technology and food technology.

As for the competition areas, our competition is based in Beijing. However, we are a very international brand because we have opened up multiple areas worldwide. For instance, we have North America in the States and Canada. South America, Of course, Europe, we have held our area in Germany, France, and the UK.

And for this year, we are trying to deep dive into more countries from Europe. Oceania, of course, Australia, and we're based in Mainland China.

We are working with South Africa and trying to bring as many more African startups as possible. Turning to the Asian continent, we are working with Hong Kong, Singapore, Japan, and South Korea.

So for startups, you yourselves, we have set two groups and two stages in this competition.

 They are namely the overseas group and the local group.

So for the overseas group, it simply refers to those with an international background who have either studied, worked, or learned a business outside of China for more than one year. They can belong to the overseas group.

Of course, if you are a local startup in your country, you belong to the overseas group (which is a company outside of China).

And for the local group, it simply just means those domestic Chinese startups, for instance, they might have never been outside of China.

However, their startup, their project, it's always perfect. And we strongly encourage them to compete as well. However, they would have to go to the local group to compete with startups with the same or similar backgrounds. As for the stages, we have set two stages. They are the maker stage and the growth stage.

The maker stage refers to those who have not yet have a company in Beijing. However, they might or can have a company outside of Beijing. They can be in other Chinese cities or even outside of China.

So with if the case, if you don’t have a presence in China Yet, you can apply to our maker stage if you do not have a company in Beijing yet.

But it could also be those who have just established a company in Beijing after January first, 2022. So that is the beginning of this year. So if you have just set up a company or registered the company after January first this year in Beijing, you could also belong to the maker stage.

As for the growth stage, it simply means those who have already had a company in Beijing. However, one thing to notice is that there is a specific period of time.

It has to be between 2012, January the first, and 2022, January first within these 10 years.

Here is our competition agenda details.

So for the competition, we have set up several processes. Right now, we are still under the registration period, and the registration we started from the end of last year until this year, April 30th. So that is the end of April.

 So for registration, we have in total of four months all together to recruit startups from all around the world.

And afterward, we have our online assessment. You can simply understand it as the screening part. And for this, takes place in May and will be entirely online. We have our juries, our judges to review all the applications and to give them the evaluation and then select a certain amount of startups to go to the next stage, which is preliminary.

From the preliminary to the final round, we have set offline places in Beijing. However, if you cannot come to Beijing to do the roadshow, you can also do it online. That is not a problem. And between the preliminary and semi-final, which will be between June and August.

And afterward, between August and September, we have saved one month this time for startups to do the final round.

That is because just in case startups from outside of China that they have successfully entered the final round, would have to fly to Beijing and do the roadshow offline, and this is required. However, if they flew from other places outside of China, they would have to follow the local requirements to do the quarantine and everything.

And altogether, it will approximately take one month for them to do all these. That is why we have set this one month period.

And the final round takes place in September in Beijing. And here is an introduction to the entry qualifications. So basically, we welcome startups or individuals from all around the world to participate in our competition.

Entry Qualification

And I would say that the entry qualification is rather low because, first of all, we do not have any requirements on the market value of your startup or any rounds.

It could be pre A or even angel round. Or if you do not have any rounds at the moment, however, you think your startup or your project is very good, of course, you can also join in this competition.

Why You Should Join:

Feel free to join in this and this is free of charge.

By participating in our competition, there's no fee to charge. And here is some of the information for you for startups when you're filling the application on our registration page. So first of all, the basic information we need is your project or startup name, and then your company introduction, your financing status.

So if you do not have any financing status, you may just leave it empty and revenue as well. And then we need your team member information. However, if you declared as an individual, then you may leave it empty.

What is the most important is your BP, your business plan, because your BP is what our judges will go through very carefully and to evaluate if your startup or project could enter the next round.

So please make sure that your business plan is very clear and if possible, simple and to the point because our judges, they will have to review thousands of application within two weeks. That means that they will have to just quickly go through all the application and they will just have to select highlights. So please make sure your points is simple.

Having say all this , here's the application link below

https://flair.ly/r/44df6a

However, it can highlight what your project is. Last but not the least, I would like to emphasize that Haikou is not just a competition. Haikou is actually a comprehensive technology platform that is facing toward startups. Like I mentioned that this startup, this competition, we aim to serve startups.

But Hicool in general, we also, apart from the competition and the summit, we also have our Hicool online platform, which has the most detailed statistics we've had since Haikou was established in 2020.

And then we have our Hicool Industrial Park. It is located here in Beijing. We actually have two buildings as our industrial park.

Then we have the business college. It is by nature an incubator to serve the startups from our Hicool database to give them mentorship and guidance. And we partner up with top leading universities around the world to invite their professors to give our startups this mentorship, as well as some of our partners, they are top VCs in around the world.

We invite them to give the practical, experienced mentorship to our startups as well. And this is free of charge and right now only exclusive to our startups from Haikou. And then we have our Hicool Fund.

This is directly to support the competition and the summit. So for instance, during our competition, if some of our partners, they are VCs and they value your startup, they would like to invest some of it. Our fund would also invest some, of course, not as much as our partners do.

And then we have the service manager. The Hicool service manager team is the professional team that is composed of experts that they know the Beijing local policies and how to register a company in Beijing, the taxation, registration, even your IPOs and everything you need to set up a company.

From setting up a company until eventually settling down everything here in Beijing. And here, some of you might know that Xiaomi Sequoia Hillhouse Capital, IDG Capital.

And that is pretty much it for this introduction to the competition as well as our HiCool u platform. And if you have any questions, please feel free to raise your question. You may directly reach out to our competition specialist if you know which field or which vertical you will be applying to.

Thank you for watching and thank you for your time.

If you have any questions regarding our competition, please contact me here for more information or.

Welcome all startups from all over the world to our competition and we wish you the best of luck. We look forward.

To.

See you in Beijing soon.