The world finals of the 2020 China Optics Valley Global Entrepreneurship Competition were held on Dec 18 in East Lake High-tech Development Zone -- also known as Optics Valley of China -- in Wuhan, capital city of Central China's Hubei province.

The top 10 out of 1,300 projects from all over the world participated in the grand final.

Xiong Lin from Wuhan won the championship with his project -- engaging in the development, research and industrialization of six-axis force sensor -- and won a prize of 3 million yuan ($458,100).

Six-axis force sensor products have high technical barriers. Due to the constraints of calibration capacity and production modes, most domestic manufacturers cannot meet their requirements.

Xiong Lin's team managed to crack a previous foreign monopoly, by relying on their rich experience in research, development and production of aerospace-grade multi-axis force sensors.

The six-axis force sensor developed by Xiong's team can be used to measure the force on the wrist of a robot and to achieve active output control, which is equivalent to the presence of human sensory nerves.

They can be used for complex work, restrictive work and coordinated work, to improve the flexibility of company production and reduce the cost of robot reprogramming caused by replacing manufactured products.

In the global finals, the top 10 projects covered the fields of optical, chips, new-type screens, terminals, internet and big health and half were involved in the field of artificial intelligence.

Since its launch in 2015, the competition has been held five times.

It has attracted over 9,400 high-quality entrepreneurship projects from all over the world to participate in the competition and many entrepreneurial teams have as a result settled and developed in Optics Valley.