The HICOOL Global Entrepreneur Summit and Entrepreneurship Competition organizing committee recently announced that it has received applications from more than 1,000 projects in its four competition divisions of North America, Europe, Asia-Pacific and China.

Since its launch ceremony on May 15 in Beijing, the competition has attracted attention from a wide range of global entrepreneurs, investors, big companies and media outlets.

According to the organizers, the competition will feature 100 awards with a total bonus of up to 80 million yuan and venture capital of 1 billion yuan. In addition, the winning project will also receive direct investment of 10 million yuan from venture capital.

The organizing committee has also created a special award to encourage institutions and individuals who have made outstanding contributions in helping organize the event. So far, over 270 institutions have signed up.

HICOOL is cooperating with leading enterprises, investors, universities, associations and media around the world, including Alibaba Cloud, Sequoia Capital, Baidu, Xiaomi, ByteDance, Hillhouse Capital Group, IDG Capital, Northern Light Venture Capital, Tsinghua Alumni Association, Peking University Alumni Association, and other well-known venture capital institutions, college alumni associations, and media agencies.

In addition, in order to provide entrepreneurial guidance and incubation services for the winners, the competition's organizing committee will invite top investors, well-known mentors, and leading entrepreneurs to help the potential projects attract increased media exposure, seek financing support, match-make with potential partners, and support entrepreneurs to establish cooperation opportunities with leading enterprises.

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