Grants to USA, Israel, China, and Europe tech startup companies with innovative ideas in the fields of web applications, fin-tech, storage, big data, enterprise software, wearable technologies, security, internet of things, digital health, sports technology, medical devices, computer vision, robotics, and artificial intelligence.
The competition offers entrepreneurs the opportunity to compete against innovative companies from around the world, gain significant exposure in global markets, liaise with leading industry partners, raise capital from leading growth-market focused investors, win prizes totaling $1.5 million (no strings attached - without giving up any equity) and receive potential investment from a special $25 million fund established by Shengjing Jiacheng FOF for the competition.
The top ten winners will receive the aggregate prize of $1.5 million and will also receive the opportunity to present to potential investors and industry leaders in Israel and China. Of those ten winners, three semi-finalists will be chosen at the Israeli semi-final event in June 2016 and will be invited to present their companies in the final event in Beijing, in August 2016, where the winner will be chosen.
Others (see text field entitled "Additional Eligibility Criteria" for clarification)
Additional Eligibility Criteria
A Project Team may be composed of an individual, or group of individuals, or a company. Project Teams may be of any size and may submit (in one application) as many ideas/products as they wish. However, each idea may only be entered once.
A Project Team which has previously secured an equity dilutive financing arrangement in an amount exceeding $2 million relating to their application, is not eligible to participate in the competition.