By Ryan Weeks on Wednesday 18 January 2017
Seedrs partners with Chinese entrepreneurship competition, £1m in cash prizes up for grabs.
Seedrs, a leading equity crowdfunding in the UK, has joined forces with the China Innovation and Entrepreneurship International Competition (IEIC), and will host the UK national final at its offices on 28 March 2017. The competition is organised by Shenzhen and is supported by the Ministry of Science and Technology of the PRC, the State Administration of Foreign Experts Affairs and the Shenzhen Government. A grand total of £1m in prizes are up for grabs, with the ultimate winner set to scoop £100,000 in equity free money.
Seedrs has partnered with InteBridge Venture Capital to launch the UK leg of the global IEIC competition. Growth-focused businesses from all over the world will enter into eight national competitions in the UK, US, Australia, Canada, Israel, Japan, India and Germany. A team of expert judges will score and review each application.
From the applicants, 20 entrepreneurs will be invited to pitch their businesses at anational level, with 1st place winning £10k, 2nd scooping £5k and 3rd receiving £3k in each country. The top ten entrepreneurs from around the world will then be flown on an all expenses paid trip to Shenzhen to pitch against other National winners for a £100k top prize.
“IEIC is building bridges amongst global startup communities and will be an invaluable experience to ambitious young business founders,” said Lynn. “Seedrs itself is a company with a truly international outlook, with investors and entrepreneurs from more than 60 countries using the platform, so it is fitting that we can offer innovative startups in the UK a global investment opportunity.”
Applications for the Innovation & Entrepreneurship International Competition are open until the 28th February 2017. Entrepreneurs wishing to apply to the London contest may do so here: icit.seedrs.com.