Female-led Sci-tech Projects Compete for Grand Prize

September 18, 2018  Editor: Xie Wen

A dozen female-led science and technology projects from home and abroad competed for a 1 million yuan(U.S.$ 145700) grand prize at the first women's innovation and entrepreneurship competition held in Shenzhen, south China's Guangdong Province, on August 15.  

Aimed to stimulate women's creative vitality and potential, the competition builds a platform for in-depth integration of technology, finance and industry, guide, integrate and focus on scientific and technological and service resources, according to organizers from Shenzhen Bao'an District People's Government.

Since it was launched in May, the competition has drawn enthusiastic participation from women entrepreneurs from both home and abroad. A total of 405 team members signed up and 213 projects participated.

In Shenzen, the 12 shortlisted projects shared their research results and provided accurate market positioning through intellectual on-site, all-round presentations, thus highlighting the overall advantages of their projects as well as their innovative business style.

The competition focuses on cutting-edge technology and is committed to innovation in many fields. Some 213 entries covered six areas, includig electronic information, the internet, bio-medicine, advanced manufacturing, new energy, energy conservation and environmental protection and new materials.

After fierce competition, Shenzhen Ailijia Materials Technology Co. eventually won the grand prize of 300,000 yuan, with its key technology research project about a titanium alloy powder injection molding in the wearable technology field, and shared a total of a 1 million yuan bonus with five other winners.

According to the statistics provided by the All-China Women's Federation, at present, one-fourth of Chinese entrepreneurs are women. The Hurun Global Self-Made Women Billionaires List in 2017 also shows that among the female who have a self-made wealth of more than 1 billion dollars worldwide, Chinese women account for 63 percent of the global share, with a number of 64 in total.

Statistics show that China's female labor participation rate is among the highest in the world, with more women than men engaged in professional and technical jobs, and a large group of female entrepreneurs involved in the booming e-commerce and high-tech fields.

In recent years, Shenzhen has actively guided the construction of women's innovation and entrepreneurship ecosystem and took the lead in setting up the Shenzhen Women Makers Association in the country, fostering around 10 women entrepreneurs' organizations such as the Shenzhen Women Entrepreneurs Association, and forming an aggregation platform for women's innovative and entrepreneurial talents.

The organization also promote the establishment of the Women's Venture Capital Fund, support the construction and development of the resource sharing and education platforms, and carry out cooperation and exchanges between women in Guangdong and Hong Kong, in an effort to boost female innovation and spur entrepreneurship in the region.

(Source: Chinanews.com/ Translated and edited by Women of China)

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