The Australian China Association of Scientists and Entrepreneurs (ACASE) held the second “Sunan Science and Technology Cup” Innovation and Entrepreneurship Competition for Australian Startups in June 2018. This year 49 Startups entered this contest and the contest final pitching event was held in Melbourne Town Hall on June 13th to choose the 6 winning teams.
The Australian arm of the Sunan cup was made available by ACASE to Australian entrants from any Australian university or research organisation and offers a range of valuable rewards including first prize of 12,500 AUD cash, plus a 12,500 AUD worth of startup services.
This competition is run by the Suzhou Science and Technology Town (SSTT) and the Suzhou High-tech Venture Capital Group (SHVG). The competition is part of the Jiangsu-Victoria Innovation and Research Centre, for which a Memorandum of Understanding was signed in March 2017 between the City of Melbourne, the University of Melbourne, RMIT, ACASE, SSTT and SHVG.
Six Australian startup finalists were awarded fully funded travel to Sunan in China and on July 12th, a member from each of the winning teams traveled to Suzhou in China to attend the awards ceremony. The 17-person delegation included ACASE executives, Incubator managers, University executives and Melbourne Startup leaders. The awards ceremony was held in the impressive facilities of the Fintech hub within the Sunan New Development District. More than 100 guests attended the awards ceremony from China and Australian Government agencies, representatives of advanced enterprises and local and international innovation experts. Locally based Australian economic development executives attended from City of Melbourne, Victorian Government Trade and Investment and Commonwealth Government (IPO Australia and Austrade). Keynote speeches were delivered by China and Australian dignitaries. Prizes and trophies were presented to competition winners from Australian and China arms of the competition.
The winners of the Australian arm of the contest were:
The 5-day visit included meetings with Innovation leaders in China and tour of Innovation Precincts, Incubators and the impressive Sino IP centre. ACASE are proud to work with our Asian partners to continue to take Australian entrepreneurs and Startups into Asian markets to see firsthand opportunities and pathways taking Australian innovation to global success. These delegation visits will continue to deepen cooperation and promote the synergies between Australia and Asia.
(Authors: Tim Carroll and Jewel Huang)