On Nov 1st, the semifinal of the 3rd “Xiangcheng Cup” Entrepreneurship and Innovation Competition was held. 10 contestants stood out and entered the final round of Xianning City after the on-site demonstration and comprehensive assessment.

There are 248 contestants who took part in the selection contest of this competition with their own projects; ultimately, 25 contestants have entered the city-level semifinal. In the semifinal, the sponsor invited financial experts, venture capital experts and business startup experts to rate the contestants and their projects on the scene, then decided the best 10 contestants to enter the final. The final competition sets 1 first prize, and its prize money amounts to 50 000 yuan; 2 second prizes, with a bonus of 30 000 yuan respective; 3 third prizes, with a bonus of 20 000 yuan and 4 excellent project awards, with a bonus of 10 000 yuan.

This competition is sponsored by Xianning City Government and co-hosted by Municipal Bureau of Human Resources and Social Security, which aims to serve as an impetus to mass entrepreneurship and innovation sustainably, encourage and guide college students and migrant workers to return to their hometown and start their own businesses, so as to further stimulate the entrepreneurship vitality, vigorously carry forward the innovation culture, and demonstrate the image of entrepreneurship and innovation on all respects. What’s more, it also aims to strongly promote the approach of “boosting employment by starting one’s own business”, and strive to achieve a full employment of higher quality.

High quality projects emerging from this competition will be given such priorities as governmental supports and services in every aspect, followed up by the department of human resources and social security after the competition, and they will also enjoy other entrepreneurship supporting policies stipulated by pertinent documents of national, provincial and municipal governments. (By Li Siyuan/Xiangcheng Metropolis Daily)