HICOOL Global Entrepreneurship Competition to launch in Beijing

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The first HICOOL Global Entrepreneur Summit and Entrepreneurship Competition will commence in Beijing on May 15.

The launch ceremony of the event will be held Friday in Beijing's sub-center, bringing together business leaders such as Baidu CEO Robin Li and Xiaomi CEO Lei Jun.

The event aims to attract high-level start-up projects across the world to open offices in Beijing. These projects will cover a number of sectors, including AI, big data, fin-tech, biopharma, new generation of information technology, new energy, new materials, and so on. A requirement for the participants in the contest is that they are from overseas or have returned from overseas no more than 10 years ago.

In the next five months, preliminaries will be held in eight countries and regions around the world. The final round of competition and the Global Entrepreneurship Summit will be held in Beijing's Shunyi district in September.

HICOOL is dedicated to building a platform for entrepreneurs, business leaders, and investment institutions to discuss business development, according to the event organizer. By holding the summit, it will attract high-quality start-up projects and talents worldwide and support them with prize money and preferential policies.

According to the host of the event Beijing Overseas Talents Association, the prize money will total 80 million yuan and preferential policies for the winners will be in place. In addition, a total of 1 billion yuan will be offered as a special fund to encourage entrepreneurship and investment. Free office space of up to 300 square meters in Beijing's Zhongguancun International Incubator and other industrial parks will be provided to the winners too.

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