On January 25
At Novotel Suzhou SIP.
A new face
In July 2011, the 1000 Plan Venture Capital Center was established in Suzhou Industrial Park (SIP) with approval from the talent work coordination leading group of the central government. In 2012 the 1000 Plan Start-up Contest was launched globally.
Six sessions have so far been successfully held, using a set of rules approved in the industry. The contest has established a Steering Committee, which is responsible for supervision and guidance of the whole process, to administer authority, impartiality and professionalism. The Steering Committee consists of Liu Chengwei, president of Oriza Holdings, Deng Feng, founder and managing director of Northern Light Venture Capital, Kuang Ziping (Duane), founding managing partner of Qiming Venture Partners, Xiong Xiaoge, IDG Capital global chairman, and other investment experts and extraordinary entrepreneurs such as Guo Wei, chairman of Digital China.
In 2018, the 7th 1000 Plan Start-up Contest has invited Zhu Xiaohu, managing director of GSR Ventures, and Wei Zhe (David Wei), founding partner and chairman of Vision Knight Capital (China) Fund as general juries. They will head the Jury Panel to appraise and advice the participants.
Zhu Xiaohu, Wei Zhe, general juries of the 7th 1000 Plan Start-up Contest
The Jury Panel shoulders a huge responsibility. It will evaluate participating projects on aspects such as team cohesion, product development, marketing, business model and on-site performance, and select the final first, second and third prizes. The mentor group will then hold one-to-one consultation with the finalists, and help the competitors optimize their business model, business plan in addition to cheering on the tutored project at the final.
What are the 2018 investment hot spots? How to become a successful start-up entrepreneur? Listen to Wei Zhe’s insights at the News Conference.
Over the last six years, the contest has witnessed entry of more than 5,000 projects from home and abroad, including more than half with international background, mainly in the emerging industries such as (mobile) Internet, biomedicine, advanced manufacturing, electronic communications, energy conservation and environmental protection and new materials.
According to partial statistics, the final 100 projects in the first five sessions totally bagged more than RMB3.2 billion of financing, 52.5% of the projects have received at least two rounds of financing; 26 people were appraised as 1000 Plan experts, making up more than a quarter of the total. The contest has developed a set of acceptable rules. Moreover, the competition has supported a batch of high quality start-up projects, and has become an important platform in China to identify, introduce and invest in1000 Plan projects thus gaining popularity and influence among Chinese living in the United States, Europe, Japan and other countries.
The 7th 1000 Plan Start-up Contest launching ceremony
However, this will just be the beginning of the 1000 Plan Start-up Contest. As China’s only comprehensive financing and investment platform serving the 1000 Plan, the 1000 Plan Venture Capital Center will organize branding activities such as “Meeting at East Sand Lake”, “Financing at East Sand Lake”, “Succeeding at East Sand Lake” and “Study at East Sand Lake” to raise enterprises' awareness of specific questions for start-up enterprises on financing, taxation, talent fostering and market expansion.
Last October, Jiangsu Gaiya Environmental Science & Technology, a finalist at the 2nd 1000 Plan Start-up Contest completed the first round financing and raised RMB40 million, invested by Qiming Venture Partners. At the News Conference, Kuang Ziping, representative of the Steering Committee, will share his impression on the contest and his experiences after investing in Gaiya Environmental Science &Technology.
How to catch institutional investors’ interest? What are their criteria of selecting investment targets? What start-up entrepreneurs should pay attention to in the financing process ? Stay tuned to listen to Kuang’s exclusive disclosure!
A new journey
Since its launch in 2012, the 1000 Plan Start-up Contest has been held annually, aiming at building a platform for talents with ambitions of starting their own business across the world, and establishing a bridge with capital, market and industries and powering up the start-ups.
This event will run for 10 months, including registration, preliminary contest review, semi-finals, mentoring, and finals. This contest has only one requirement for the participating projects: if the enterprise has been established, the registration time should be less than two years. The 7th contest was officially launched on January 1, 2018. That means the competing projects should be enterprises established after January 1, 2016.
Contrary to previous events, important changes will be made on the number of winning projects and awards in this session. Moreover, the Jury Panel of the 1000 Plan Start-up Contest and institutions based in the East Sand Lake Fund Town will provide the seed capital for the outstanding projects.
What changes will the number of winning projects and awards have? How much is the seed capital? The Organizing Committee will give answers at the News Conference.
Anything you are curious about
Will be answered at the News Conference
You are warmly invited to witness
The 7th 1000 Plan Start-up Contest
10:00-11:00am, January 25, 2018
Novotel Suzhou SIP (No. 688, Suzhou Avenue East, SIP)
Culture and entertainment
Press and hold the QR code to sign up for the 1000 Plan Start-up Contest