WND projects shine at Taihu Cup competition

A total of 74 projects from home and abroad make the finals of the 2021 Taihu Cup International Innovation and Entrepreneurship Competition. [Photo/WeChat account: kechuangxinwu]

A total of 11 projects from Wuxi National Hi-tech District received awards at the finals of the 2021 Taihu Cup International Innovation and Entrepreneurship Competition, local media reported on Aug 17.

This year's competition attracted over 5,200 projects, including 718 projects from foreign entrants and 373 projects from local participants from Wuxi. Projects involved in the fields of new-generation information technology, as well as new energy and new materials accounted for 35 percent and 17 percent of the total projects respectively.

After 12 city competitions taking place over three months, a total of 74 projects from home and abroad made the finals, including 36 projects from WND, covering fields like biomedicine, new-generation information technology, new materials and new energy, as well as advanced manufacturing.

The final projects took part in online roadshows within three groups. Three WND projects won first prizes and eight projects won second prizes.

In the finals, four first prizes have been set for each category, with each awarding a bonus of 100,000 yuan ($15,433), as well as 14 second prizes, each with a bonus of 50,000 yuan. In addition, other finalists would receive a bonus of 10,000 yuan each.

In addition, all of the 74 finalists that meet the basic application requirements for the Taihu Talent Plan will be directly selected for the entrepreneurial leading talent (team) project and given financial support of 1 million to 10 million yuan. They will also be able to enjoy supporting policies covering start-up funds, investment and financing support, as well as living security.