Kuala
Lumpur, Malaysia, 23 February 2024 – The Ministry of Science and Technology of the People’s
Republic of China, in collaboration with the ASEAN Secretariat, is thrilled to
announce the commencement of the 2nd China-ASEAN Innovation and
Entrepreneurship Competition, inviting aspiring entrepreneurs and innovators to
be a part of this groundbreaking initiative.

Connecting Minds, Fostering Innovation

As one of the key activities of ASEAN-China Year Of People-To-People
Exchanges,
this competition serves as a powerful platform to connect minds, foster
innovation, and strengthen the bond between China and ASEAN with a joint
initiative on Advancing the ASEAN-China Science, Technology, and Innovation
Enhancing Program issued at the 26th ASEAN-China Summit, promote science,
technology and innovation exchanges and cooperation.

This initiative will ultimately enhance China-ASEAN regional
innovation capacity, stimulate the vitality of innovation and entrepreneurship,
and promote two-way exchanges of scientific and technological achievements,
financial capital, talent team, information data, and other innovation factors.

With the theme “Digital Empowerment for a Shared
Future,” the competition focuses on the Digital Economy field, and encourages
participation from both Enterprise Groups and Team Groups, across various areas
including but not limited to digital product manufacturing, digital product
services,  digital technology
application, digital element drive, digital efficiency improvement and more.

Competition Highlights

Boost Innovation: Utilize science, technology, and
innovation as a connecting platform.

Effective Matchmaking: Enhance capacities through effective
matchmaking mechanisms.

Global Collaboration: Promote the exchange of scientific and
technological achievements, financial capital, and human resources.

Exciting Opportunities for Participants

Visibility: Showcase your innovation on an international
stage.

Networking: Connect with industry experts and potential
collaborators.

Growth: Launch your business in China with tailored support.

Prizes: Win cash prizes and receive business expansion
support.

Competition Rounds

Preliminary/Initial Selection (1-7 March 2024): Selected 20
groups will advance to the final round.

Finals (April 2024): Physical pitching.

Why Entrepreneurs Should Participate:

This competition aligns with all ASEAN countries’ vibrant
entrepreneurial spirit and commitment to technological advancements. By
participating, entrepreneurs can showcase their innovations beyond borders,
network with industry experts, and gain a chance to launch their businesses in
China with tailored support.

How to Participate

Entrepreneurs and innovators interested in participating can
find detailed information and registration instructions on the official
competition website: http://www.caiec.cattc.org

About the Organizers:

The Ministry of Science and Technology of the People’s Republic of China and the ASEAN Secretariat jointly host the China-ASEAN Innovation and Entrepreneurship Competition, fostering innovation and entrepreneurship across borders. The organization of the competitions is also supported by the Department of International Cooperation of Ministry of Science and Technology of the People’s Republic of China ASEAN Committee on Science, Technology, and Innovation (COSTI) and Department of Science and Technology of Guangxi Zhuang Autonomous Region (China-ASEAN Technology Transfer Center, CATTC).

This press release has also been published on VRITIMES