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Calling all European founders!

HICOOL Global Entrepreneur Summit and Entrepreneurship Competition is an opportunity for founders to break into the China Market!

Some of the benefits that come with this competition include:

Networking with investors

Mentoring from leading entrepreneurs to provide all-around entrepreneurial guidance and acceleration.

The rewards of this competition include:

Prize money of $291k USD

Permanent Residency Support in China

Brand Exposure in China

Children’s Education Support

Social Insurance Support

HICOOL 2023: A Global Competition for Europe Startup Success with $280K USD Prize Money

HICOOL (Beijing) by Ryan LU

Startup CompetitionProof of Concept (PoC)Investment

 Virtualin a monthApply before March 31st 2023, 11:59 pm

About this project

HICOOL Global Entrepreneur Summit and Entrepreneurship Competition were born for Entrepreneurs. It aims to build a multi-level, multi-dimensional, and diversified international entrepreneurial model, seeking high-quality startups worldwide, and facilitating entrepreneurs to grow and expand their businesses in Beijing. The HICOOL 2023 Global Entrepreneurship Competition will set up 7 major registration areas worldwide, European startups and entrepreneurs are the target audience for this project . There are 140 awards for the startups with a total amount of USD 10 million (CNY 70 million) for awarding.

Stage
BootstrappedPre-SeedSeedAngelPre-ASeries ASeries B

Sector
AIVRFinTechHealthcareMedicineNew Generation Information Technology (NGIT)High-end EquipmentNew EnergyNew MaterialEnergy ConservationEnvironmental ProtectionCulture CreativityAgriTechFoodtech

Ecosystem
Global

Project benefits

???????????? USD 10 Million Prize Pool 
There are 140 prize winners in the competition, including 7 first prizes, 21 second prizes, 42 third prizes, and 70 winner prizes. 
The awards are distributed in the proportion of 5:2 among overseas and domestic groups.
???? First Prize:        7 * CNY 2 million (≈USD 291,000) / startup   
???? Second Prize: 21 * CNY 1 million (≈USD 146,000) / startup   
???? Third Prize:     42 * CNY 500,000 (≈USD 73,000) / startup  
???? Winner Prize:  70 * CNY 200,000 (≈USD 29,000) / startup   

???????????? Landing Support
1. Permanent Residency Support: 
Foreign winners, their spouses, and minor children can apply for residence permits valid for two to five years by winning first, second, and third prizes of the overseas group. With the recommendation, the winner can directly apply for a permanent residence permit for foreigners.
2. Brand Exposure in China:
Entry of scientific research articles (First, second and third prize winner of the overseas group). A small amount of scientific research and teaching materials imported by the winners can be exempted from import tax.
3. Children's Education Support:
It will be given to the winner's children in the municipal public schools first. Children of foreign winners can attend international classes in international schools or public schools.
4. Social Insurance Support:
For first, second, and third prize winners of the overseas group.
The foreign unemployed spouses and children under the age of 16 of the winners can participate in the basic medical insurance for urban residents in Beijing.

Detailed description

???????????? 
HICOOL Global Entrepreneur Summit and Entrepreneurship Competition were born for Entrepreneurs. It aims to build a multi-level, multi-dimensional, and diversified international entrepreneurial model, seeking high-quality startups worldwide, and facilitating entrepreneurs to grow and expand their businesses in Beijing. The competition invites top investors, famous mentors, and leading entrepreneurs to provide all-around entrepreneurial guidance and acceleration, to continuously empower entrepreneurs in Beijing by providing a full range of "Beijing Services" such as talent settlement, children's education, healthcare, designated apartments, etc.

???????? ???? The HICOOL 2023 Global Entrepreneur Summit and Entrepreneurship Competition is mainly divided into four stages: Online Assessment, Preliminary Round, Semifinal, and Final. The agenda of the Competition is arranged as follows:
⌛ Registration Stage: March 2023 

⌛ Online Assessment: May 2023
The Organizing Committee of the Competition will organize judges to review the startups that have passed the registration review and determine the list of startups that will be promoted to the preliminary round according to the online assessment results. The roadshow will not be held at this stage.

⌛ Preliminary Round: June to July 2023
The startup can choose to participate online or offline. There will be 7 minutes for the roadshow and 3 minutes for Q&A.

⌛ Semi-final Stage: August 2023
A combination of online and offline roadshows. 10 minutes startup roadshow + 5 mins Q&A. After the roadshow and the Q&A, the judges will score the startups.

⌛ Final Stage: August to September 2023
Final Competition: A combination of online and offline roadshows. 10 minutes startup roadshow + 5 mins Q&A. After the roadshow and the Q&A, the judges will score the startups.
Award Ceremony: will be held at the site of the HICOOL Global Entrepreneur Summit. Location: Beijing, China

???????????? The Competition is focused on 7 tech verticals
1️⃣ AI/VR/FinTech: AI Foundation Layer, AI Technical Layer, AI Scenario Application, FinTech, General Technology, VR, Others
2️⃣ Medicine & Healthcare: Modern Medicine, Medical Devices, Medical Services, Drug R&D and Manufacturing, Biotechnology, and Others
3️⃣ New Generation Information Technology: Communication Networks, Industrial Internet, Network and Information Equipment, Emerging Software Development, Integrated Circuit, Network, and Information Security Services, Others
4️⃣ High-end Equipment: Scientific Instruments and Sensors, Intelligent Manufacturing Equipment, Rail Transit Equipment, Intelligent Vehicle, Aerospace Equipment, Marine Engineering Equipment, Others
5️⃣ New Energy / New Materials / Energy Conservation & Environmental Protection: New Energy Products and Technology, Power battery, New Material, Carbon Neutrality, Energy Conservation, Environment Protection, Resource Recovery, and Comprehensive Utilization, Others
6️⃣ Cultural Creativity: Online Education, Cultural Entertainment (Movie, Game , Trendy Toys and etc.), New Retail, Industrial Design, Others
7️⃣ AgriTech/FoodTech: New AgriTech, FoodTech and Product Safety Traceability, New Logistics and Supply Chain, Others

⏩⏩⏩ Preparation Before You Start
???? Pitch Deck: It shall be a PDF file with a size of no more than 15MB. The pitch deck mainly includes a project overview, team situation, industry pain point, product/service introduction, business model, market analysis, competition analysis, development plan, financing needs (if any), Beijing landing plan (preferred), etc. no less than 10 slides is usually recommended.
???? Participant Information: Make sure to use the participant's information to complete the application, including contact email, phone number, passport number (for the invitation to the final competition), ID photo (one-inch, bareheaded identification photo, Size < 2M, 150*200, only JPG files are allowed), education background, and working experience.
???? Supplementary Materials (Optional): These shall be PDF files with a size of no more than 15MB, please combine personal or project honors, qualifications, certificates, and other materials into one PDF to upload. 
???? Participant's personal honor and qualification (Optional): It shall be PDF files with a size of no more than 10MB, please combine the certificate of honor or patent into one PDF for uploading.

⚠️⚠️⚠️ Notice
Please contact us through ryan@founderslair.com, if your startup is:
- The founder team all are Chinese mainland residents, don't have any overseas studying background and working experience, or the participant has returned/came to China for more than 10 years (Returned/Came before January 1st, 2013).
- Registered in Beijing from January 1st, 2013 to December 31st, 2022.
- Want to participate as a team (no more than 3 members).

During the competition, there are specific differences in the evaluation indicators set for the startups in the maker stage and growth stage, so as to evaluate the startup quality more scientifically and reasonably. In the process of promotion and awarding, startups at both the maker stage and growth stage in each group will be considered.

???? ???? ???? Why apply through Founders Lair?
Founders Lair was awarded Startup Scout of the year in 2021 & 2022,  and 68 startups reached the semi-finals, 9 startups stepped into the final, and 3 startups got under the top 3 of different verticals. We care about the startups that apply through us and help you to succeed!

We are looking forward to your application!

Should you need any help with understanding the programme please contact Elliot Low on Linkedin for any queries! https://www.linkedin.com/in/elliot-low-b37167210/

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