IEIC grand final to take place in Bao'an today

IEIC contestants pay a visit to local industry parks and companies in Bao'an District before the competition. File photos

Acoustic-Tweezers for single cell printing, R&D for spent Lithium-ion batteries, and high-quality seaweed products are among the many extraordinary innovative projects that have been recognized as finalists in the seventh China (Shenzhen) Innovation & Entrepreneurship International Competition (IEIC).

The grand finals of IEIC is scheduled to take place in Bao'an today, after three of the seven industry finals of the competition were held there from April 15 to 16.

IEIC is the largest international innovation and entrepreneurship competition in China, attracting startups and innovation talents from all over the world. This year's competition, which has attracted a total of 3,265 entries from around the world, entails 14 overseas sub-competitions in 13 countries and regions and features seven industry finals.

The final of high-end equipment manufacturing industry.

As a major district of manufacturing and innovation in Shenzhen, Bao'an hosted three industry finals of this year's competition, including high-end equipment manufacturing, green and low-carbon economy, and marine economy industry finals.

After two days of competitions, the project "Obinl Biotech" from Germany won the first prize in the high-end equipment manufacturing industry finals, the project "BOTREE Cycle" from the U.K. won the first prize in the low-carbon economy industry finals, and the project "Nordic Seafarm" from Sweden won the first prize in the marine economy industry finals.

The top three teams from each of the seven industry finals will be qualified for the grand finals which is going to take place today.

Contestants are seen during the competition.

Since its inception in 2016, IEIC has attracted nearly 10,000 projects to join the competition, which aims to integrate innovation and entrepreneurship resources, assist overseas innovation and entrepreneurship projects to obtain Chinese high-tech industrial resources, open up the Chinese market, and achieve mutual benefits and win-win results.

All overseas innovative and entrepreneurial projects can participate in this competition. The total bonus for IEIC reaches 9.71 million yuan including individual bonuses up to 750,000 yuan. A venture capital pool of 25 billion yuan has been set up by more than 50 investment institutions to support outstanding projects.