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Contestants selected for innovation final

Source: Shenzhen DailyUpdated:2019-04-11

A total of 24 projects have been selected for the overall final of the Third China (Shenzhen) Innovation & Entrepreneurship International Competition to be held tomorrow.

In the two-day competition that ended in Pingshan, Bao’an and Longgang districts yesterday, 137 projects were entered in the profession contests in AI, IoT and Fintech, and industry contests in electronic science, biology and life science, materials and new energy, Internet and advanced manufacturing.

In the AI contest in Longgang District, an RF-based guidance system for AI surgery developed by a German team won the first prize. BrainQ, an Israel-based developer, won the second prize for its brain-machine induction technologies that provide personalized, safe and noninvasive treatments for neuro-disorders including stroke, traumatic brain injury and spinal cord injury.

A sensing system and controlling system developed by a U.K. company also won the second prize.

In Bao’an District, an ultra-high temperature optical transducer developed by Fibos, founded in Toronto in 2016, won the first prize in the IoT contest.

In Pingshan District, a project called SWFT Blockchain developed by a team from Silicon Valley won the first prize in the Fintech contest.

The top three prize winners in the eight categories will be eligible for the overall final to be held at Tian’an Cloud Valley Industrial Park in Longgang District tomorrow, in which nine leading experts will form the judging panel, according to the organizer, Shenzhen’s human resources and social security bureau.

The overall winner of the final will have a chance to win a prize of up to 1.4 million yuan (US$208,599). Nearly 40 venture capital institutions have set up a 25-billion-yuan pool to finance the outstanding projects in the contest.

An awards ceremony will be held Sunday at the Shenzhen Convention and Exhibition Center as a major sideline event of the Conference on International Exchange of Professionals.

For this year’s event, a total of 1,850 items were registered for the preliminary competitions in 10 cities in nine countries, and a total of 137 projects were selected to attend the finals in Shenzhen.

Among the contestants, 78 percent hold master’s degrees or above, and 62 percent are foreign nationals. The contestants own 772 patents or copyrights.