In order to participate in the construction of GBA's innovation ecosystem and help overseas Chinese young entrepreneur to innovate and start their businesses, the "IYLC Cup" is here to serve the purpose. It is co-sponsored by the China Invention Association, Zhongshan Returned Overseas Chinese Association, and International Elite Association and undertaken by the Xiaolan Town Government of Zhongshan City.
The 2021 Innovation & Entrepreneurship Competition, with the "innovation-driven" strategy and the global vision, aims to promote innovation capabilities of different regions, create the innovative society and fulfil the actual needs of young entrepreneur. By gathering young innovative and entrepreneurial talents in various fields and industries, it helps to foster the long-term development of innovation projects and create new impetus to the economic acceleration of the GBA.
This year's competition focuses on strategic emerging industries such as biomedicine, intelligent manufacturing and new-generation information technology. Apart from bringing up the innovative and entrepreneurial talents, it also serves to discover high-quality projects, support start-ups, and achieve a win-win situation for the development of cities and enterprises.
This competition has gained extensive attention and active participation. More than 300 teams (projects) and around 1,300 participants from more than 10 countries and regions have signed up for the competition. After professional judges conducted a serious and rigorous review of the "Business Plan”, with a third-party organization to conduct a compliance review of materials, 30 finalists for this competition were finally selected. KeyPoints Exchange also successfully ranked among the top 30 with our "Open-Loop Point Exchange Platform" project. In the coming year, we will continue to grow and to connect with more point companies and merchants in the GBA to achieve cross-border point payment.
