Your business could qualify for a share of £1 million of funding in a global innovation competition.
Could your business benefit from a share of a £1million prize fund? Kind of a silly question I know. Of course it could. Well there is good news. There is a competition being held at the UK Seedrs HQ for the UK arm of a prestigious global business competition.
The China based competition is giving away £1m of equity-free capital to the brightest growth focused and innovative businesses out there. The entries will be shortlisted by which sector they fit and a total of 20 UK business applications will be scored and reviewed by a team of judges including professional investors and prominent figures from the start-up business community.
There are five categories in total covering off internet and mobile internet, bio life science tech, electronic science and material and energy technology.
The first place winner at the UK final will receive £10,000, the 2nd place will win £5,000 and the third place receives £3k. But that’s not all – far from it!
If your business is lucky enough to be shortlisted down to 10 candidates you can expect to be flown out on an all expense paid trip to Shenzhen (The ‘Silicon Valley’ of China).
Your business will then be competing against the likes of USA, Australia, Germany, Israel, Japan and more in a stake to win a £100k cash prize.
This is not just a great way of raising capital for your business but the process is two fold. You will have one of the best networking opportunities you’re ever likely to come across. You will be infront of and talking to some of the leading investors and mentors from across the globe.
If you would like to enter your business for the event which is sponsored by China’s Ministry of Science and Technology simply register and apply at icit.seedrs.com.
The competition is open until the 28th February 2017.