The Convention on Exchange of Overseas Talents & Guangzhou Convention Overseas Chinese Scholars in Science and Technology (hereinafter referred to as “OCS”) is the country’s largest and most influential exchange platform dedicated for overseas high-level talents, known for its highest degree of openness and the most extensive coverage in China. So far OCS has seen 20sessions successfully held with remarkable results. The 2019 OCS “Talents Make Future” Overseas Innovation and Entrepreneurship Competition (hereinafter referred to as the Competition) is now launched. The Competition is hosted by Office of Guangzhou Convention of Overseas Chinese Scholars in Science and Technology, organized by Guangdong Southern Human Resources Service Co.,LTDand co-organized by Chinese Overseas Talent Service Base.

Interested parties may register for the Competition from now on until August 31. The regional finals will take place in Boston and Seattle of the US, London of the UK, Melbourne of Australia, and Tokyo of Japanfrom late July to November, where a total of 65 entries will be short-listed. Those short-listed entries will be announced for public opinions since mid-November, and then the shortlisted entries will be given priority to participating at 2019 OCS in mid and late December for final competition, as well as other activities in Guangzhou, China, including innovation and entrepreneurship exchanges, roadshows, presentations, project matchmaking and talk, field visits, etc.

Coverage of Europe, America, Australia and Asia

The competition has been held successfully for two sessions overseas. Based on the Competition in 2018, the 2019 Competition will expand its coverage to four divisions, namely North America, Europe, Australia and Asia, five regional finals will be held. The Competition is open to entrepreneurial teams or individuals holding advanced innovative achievements and entrepreneurial plans that have promising market prospects. The core members of the team must be overseas Chinese students currently studying or working outside China (with overseas studying experience) or foreign talents.

The entries submitted to the Competition could be inventions or patented technologies invented or created by the competitor, or the concept products or services that can be realized through R&D. The entries shall be innovative projects that fit in with the priorities and direction of industrial development in Guangzhou, and show higher degree of innovation and market competitiveness as well as sound social and economic benefits. The competitor shall own the full IP rights of the core technologies, and shall be the inventor or holder of the products, technologies or related core patents of the entry. The elements of the IP rights should be clearly and definitely defined without property right disputes with others.

Merit-based selection process

For overseas divisions, an interactive evaluation approach will be employed. An evaluation panel comprising of industrial experts, scholars and VC principals will review the paper documents of the pre-qualified entries, and, short-list 65 entries from the said divisions via online or offline competitions on merit basis. In December, the shortlisted entries will be given priority to return to China to participate in the finals, as well as other activities including innovation and entrepreneurship training, roadshows, exhibitions, project matchmaking and talk, field visits, and so on in 2019 OCS.

Strong policy support

Ten support measures under three categories, namely, OCS Promotion, field visits and innovation/entrepreneurship supports will be offered to ensure the smooth project implementation.

OCS will arrange special promotion and exhibition events for  the short-listed entries, and invite the project principals to the field visits so they can meet representatives of HR departments and entrepreneurial parks from different cities and facilitate the merit-based project implementation. In addition, other measures like entrepreneurship training, VC support, matchmaking with industrial parks, financing credit, project support and follow-up services will also be offered to ensure the smooth project implementation. In particular, it is worth mentioning that the short-listed entries introduced via the Competition and meeting the relevant requirements will receive whole-chain policy supports subject to due approval, including a start-up fund of RMB 2 million Yuan, rental subsidy, and interest subsidies for bank loans.

The Competition hosted by OCS, the largest and the most influential overseas talent exchange event in China, will give full play to its comprehensive advantages to create a development platform for the international innovative and entrepreneurial talents and provide the whole-chain resource matchmaking in financing, incubation and commercialization of scientific and technological achievements.

Website of the Competition:

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US Boston 2019 OCS “Talents Make Future” Overseas Innovation and Entrepreneurship Competition

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US Seattle 2019 OCS “Talents Make Future” Overseas Innovation and Entrepreneurship Competition