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Innovation & entrepreneurship intl. contest draws curtain

Source: Longgang Government OnlineUpdated:2021-12-02

The 5th China (Shenzhen) Innovation & Entrepreneurship International Competition held in Longgang District drew its final curtain on the evening of Nov. 30. The "Low-Cost Butanol from cyanobacteria and Carbon Dioxide Emissions" project from the Toronto Division in Canada fetched the first prize.

The competition set up nine overseas divisions including Sydney in Australia, Toronto in Canada, Berlin in Germany, Tel Aviv in Israel, Tokyo in Japan, Eindhoven in the Netherlands, Madrid in Spain, London in the U.K. and Silicon Valley in the U.S.

The competition focused on seven emerging industries, namely new-generation electronic information, digital fashion, high-end equipment manufacturing, low carbon, new materials, biomedicine and health, and ocean economy.

For the first time, the organizer has introduced a reward mechanism to attract talents to compete in contests in AI testing, technological development of power semiconductor materials, and R&D and application technologies of new absorption materials.

The competition this year received 1,473 project entries from 52 countries, 41 percent more than last year’s 1,047.

The finals was held both online and offline in Shenzhen. The 21 projects that entered the finals presented a road show and expert judges, venture capitalists, industry leaders and innovative entrepreneurs gathered online for this tech fest.

After scoring by expert judges, the "Low-Cost Butanol from cyanobacteria and Carbon Dioxide Emissions" project from the Toronto Division in Canada fetched the first prize and received a prize award of 1 million yuan (US$157,000).

The top prize-winning project is about commercialization of low-cost butanol based on cyanobacteria and CO2 emissions. Based on circular economy principles, it uses patented photobiological and genomics technologies to produce a wide range of renewable chemicals from carbon dioxide, sunlight and water.