2014 China-UK Challenge opens to student entrepreneurs
28 January 2014
28 January 2014
Now in its 7th year, this international initiative encourages new business ventures between China and the UK. The 2014 competition was launched at Norwich Business School, University of East Anglia, on 27 January, with keynote speakers from industry, venture capital firms and academia.
Widely supported by universities, governments, businesses in both China and UK and the Chinese Embassy, the competition has been developed by a number of leading universities in the UK and China to bring together existing businesses and new student-led start-ups that are looking to develop commercial relationships and exploit market opportunities offered by collaborations between the two countries.
Professor David Brown from the Lancaster China Management Centre, one of the speakers at the launch, said: “This competition is unique in highlighting the important opportunities of working with China, which is critical for the UK. The fact that the competition partners are located in different regions is a big help. It means that anyone with new ideas has easy access to the competition.”
Registration is open to teams of final-year students from UK or Chinese institutions, post-doctoral researchers and start-up companies less than two years old with university links.
The teams selected to take part will be competing for the chance to win a £5,000 cash prize, and an investment opportunity of £250,000 for the best business plans. Initial registration, proposal submission and selection deadline is 5pm, Monday 14 April 2014.
The competition is part of the PMI2 (Prime Minister Initiative II) Connect project, and is supported by British Council and the Confucius Institute programme funded by Hanban. The organisers are: University of East Anglia, Lancaster University, University College London, the University of Edinburgh, China Innovation and Development Association UK, and Tianjin Association for Science and Technology, Chongqing National Science Park.
The competition was co-founded by Dr Yu Xiong, Senior Lecturer at Norwich Business School, and Professor David Brown from Lancaster University Management School.
For more information about the competition, including how to register, see the China UK Challenge website
This competition is unique in highlighting the important opportunities of working with China, which is critical for the UK.