MEXCHAM invites you participate at the HICOOL 2022 Global Entrepreneurship Competition
HICOOL 2022 Global Entrepreneurship Competition offers up to 11 Million USD Equity Free cash prices. In total 140 winning prizes!
HICOOL Global Entrepreneur Summit and Entrepreneurship Competition is one of the largest startup competitions in the world. It aims to build a multi-level, multi-dimensional and diversified international entrepreneurial model, seeking for high-quality startups worldwide, facilitating entrepreneurs to grow and expand their business in China. The Mexican Chamber of Commerce in China (MEXCHAM) is delighted to be strategic partner of HICOOL in order to invite Mexican and/or latinamerican startups for participating in this startup competition.
2. Competition Areas:
The HICOOL 2022 Global Entrepreneur Summit and Entrepreneurship Competition will set up 7 major global competition areas for enrollment worldwide, attracting both overseas and local startups.
– North America
– Central-South America
3. Startup Sector Focus: 7 tech verticals
3.1 AI / VR / FinTech
3.2 Medicine and Healthcare
3.3 New Generation of Information Technology
3.4 High-end Equipment
3.5 New Energy / New Materials / Energy Conservation and Environmental Protection
3.6 AgriTech / Food3.7 Cultural Creativity
4 .Competition Agenda:
The competition agenda is divided into 5 stages:
4.1Startup Applications Deadline: April 30, 2022
4.2Application Screening: May 2022
4.3Preliminary round: June to July 2022
4.4Semifinal: July to August 2022
4.5Final: August to September 2022
5. Startup Groups and Stages
5.1. Group Setting There are two groups in the competition: a) the Overseas Group (all except those from China) and b) the Local Group (from China). The participating startups shall select the group according to their own circumstances. The number of awards set for the Overseas Group and the Local Group is different (100 awards for Overseas Group and 40 for Local Group).
5.2. Startup StagesAccording to the different stages of startups in Beijing, the startups will be divided into a) Maker Stage and b) Growth Stage in each group.
5.2.1 Maker Stage startups refer to startups that have not been incorporated in Beijing yet.and/or those companies registered in Beijing after Jan. 1st, 2022.
5.2.2 Growth Stage Startups refer to companies registered in Beijing from January 1st, 2012 to December 31st, 2021.
5.2.3 During the competition, there are certain differences in the evaluation indicators set for the startups at Maker Stage and Growth Stage, so as to evaluate the startup quality more scientifically and reasonably; In the process of selection and awarding, startups at both Maker Stage and Growth Stage in each group will be considered.
6. Basic Entry Requirements:
All applicants must meet the following basic entry requirements:
6.1 Participants can be for any nationality and can get enrolled either as an individual or as a team. For a startup enrolled as a team, there should be no more than 3 individuals, each participant can only participate in one startup.
6.2 If the startup has been established and registered in Beijing, the establishment time shall be after January 1st, 2012. If the startup has not been registered and established in Beijing, the participants shall have the willingness to start a business in Beijing with specific landing plans.
6.3 The participating startups cannot be listed companies.
6.4 The individual or all members of the team must have no criminal records. No need provide a Certificate of no criminal records for submitting the application to the competition.
6.5 The participating startups shall comply with the relevant provisions of Beijing, The startups shall own the IP rights on their own products, if any.
6.6 Applications are as individual or as company.
6.7 If the startup is enrolled as an individual, that individual should be the company’s main founder and the largest natural person shareholder of the company registered or potentially to be registered in Beijing, holding no less than 30% of shares. For startups enrolled as a team, the main applicant shall be the main founder and largest natural person shareholder of the company registered or potentially to be registered in Beijing. All team members shall be a shareholder of no less than 5% equity, and the total shareholding of the team shall not be less than 50%.
6.8 If the startup is already registered in Beijing from January 1st, 2012 to December 31, 2021, shall be enrolled in the Overseas Group at Growth Stage. For startups already registered in Beijing after January 1st, 2022, or have not registered any company yet, please apply for the overseas group of Maker Stage.
Local Group (in China)
6.9 For startups enrolled as an individual, the individual shall be the main founder and largest natural person shareholder of the startup, and the shareholding shall not be less than 20%; for startups enrolled as a team, the main applicant shall be the main founder and largest natural person shareholder of the startup, and all team members shall be a shareholder of no less than 5% equity, and the total shareholding of the team is not less than 30%.
6.10 Startups registered in Beijing from January 1st, 2012 to December 31st, 2021, shall be enrolled to the Local Group at Growth Stage. For startups registered in Beijing after January 1st, 2022 or have not registered any company yet, please apply for the Local Group at Maker Stage.
7.1 Awards amount and quota
There are 140 prizes for the winners in the competition, including 7 First Prizes, 21 Second Prizes, 42 Third Prizes and 70 Winner Prizes. The awards are distributed in the proportion of 5:2, being 5 for the Overseas Group and 2 for the Local Group..
7 First Prizes of 300,000 USD [2 Million RMB] each
21 Second Prizes of 150,000 USD [1 Million RMB] each
42 Third Prizes of 75,000 USD [500,000 RMB] each
70 Additional Winning Prizes of 30,000 USD [200,000 RMB] each*No equity is taken from the winners.
8. Supporting Services
8.1 Office Space. HICOOL provides the award-winning startups with free office space of up to 300 square meters in Beijing Hycore Building for up to 3 years. Besides, HICOOL industrial parks offer office space rent discounts and renovation subsidies.
8.2 Enterprise Services. HICOOL provides personnel service, social insurance service, business registration and other whole process services to award-winning startups.
8.3 Media promotion in China.
8.4 Exhibition and Promotion. Award-winning startups will be given exhibition opportunities in HICOOL Global Entrepreneur Summit.
9.1 There is no charge of any kind for participants in this competition.
9.2. Participants shall not violate the rules of the competition. The Documents submitted shall not be plagiarized or embezzled. Once found, the participants will be disqualified, and the bonus will be reclaimed. In case of intellectual property disputes, all liabilities shall be borne by the participants themselves.
9.3 The participants participate in the competition on the principle of voluntariness. If they have any objection to the competition, they can contact the Competition Organizing Committee Office in time or choose to withdraw from the competition, but they have no right to request to change the competition rules or compensate for any expenses arising from participating in the competition.
9.4 The startups and Documents will be open to the Organizing Committee and designated experts for assessment.
9.5 If the competition is affected by force majeure, the organizer has the right to adjust the schedule or form of the competition accordingly.
9.6. The Competition Organizing Committee reserves the right to the final interpretation of the competition rules.
The Mexican Chamber of Commerce in China (MEXCHAM) has 15 years of experience and HQ in Beijing, China. MEXCHAM invites to all Mexican and Latinamerican startups to apply in this international startups competition:
10.1 Option 1
Click here and fill your application:
10.2 Option 2
Scan QR Code and fill your application online:
PLEASE REMEMBER USE THE INVITATION CODE: noqa7
11.Do you have questions?
The Mexican Chamber of Commerce in China (MEXCHAM) as strategic partner of HICOOL 2022 Global Entrepreneurship Competition will answer your questions, please send us an email to: firstname.lastname@example.org
MEXCHAM continues building bridges between Mexico and China.
Cámara de Comercio de México en China