AusBiotech Updates

Business plan competition for tech startups

18 May 2017: Startups are invited to apply for the “Sunan Cup” Startup Competition (Australian Division), representing a valuable opportunity for early-stage companies to engage with China.

The business plan competition, organised by the Australia China Association of Scientists and Entrepreneurs (ACASE), aims to assist tech-based startups, with winners receiving access to valuable startup services and an opportunity to connect with potential partners in China.

The startup services will foster entrepreneurial capabilities through training; provide intellectual property protection strategies; and present marketing research reports focusing on the Chinese market.

At least six finalists will be invited to meet with potential investors and partners in Suzhou, which is located in the Sunan region, China. Travel and accommodation costs will be covered by ACASE, valued at AU$5,000. The visit to China will take place in mid-July.

Prizes include:

  • One first prize: AU$20,000 cash, plus AU$10,000 worth of startup services;
  • Two second prizes: each receives AU$10,000 cash, plus a AU$5,000 worth of startup services; and
  • Finalist awards: each receives AU$5,000 worth of startup services.

Companies can apply for the “Sunan Cup” Startup Competition here, with applications closing on Thursday 1 June 2017. Companies will be invited to upload or record three-minute pitch video clips after the close date. More information, including eligibility and submission materials, are available on the ACASE website.

ACASE is a not-for-profit organisation that aims to encourage connections and collaborations between scientific innovators and industry throughout Australia and China, facilitating the transformation of scientific and technological innovations into tangible social and economic benefits.