The second China (Shenzhen) Innovation & Entrepreneurship International Competition is guided by the Ministry of Science and Technology, P.R.C and State Administration of Foreign Experts Affairs, P.R.C. Being hosted by Shenzhen Municipal Government of the P.R.C, the competition is organized by Human Resources and Social Security Administration of Shenzhen Municipality, Bao'an District People's Government of Shenzhen Municipality, Longgang District People's Government of Shenzhen Municipality, Pingshan District People's Government of Shenzhen Municipality and Science and Technology Innovation Committee of Shenzhen Municipality. To implement the concept of an international, high- end oriented, market- oriented and professional competition in accordance with the call of 'Public entrepreneurship and innovation', the competition aims to provide a platform stimulating mutual learning and innovations for competitors.
Without limitation of nationality, high- level talents and projects are admitted to this competition. Bonus of this competition totally reaches RMB 10.91 million, which includes individual bonus up to RMB1.4 million (Government subsidies and venture capital investments are not included). A venture capital pool of RMB 20.9 billion has been set up by
34 investment institutions, which helps support outstanding projects. Equal opportunities of social investment are going to be distributed via the platform to all participants which are going to be invited to the Conference on International Exchange of Professionals in Shenzhen as well.
Additionally, policies for professionals，industrial incentives, technology and financial policies and project incubation are going to be provided in this competition.