Call for projects organizer
InnoSpring is Silicon Valley’s first US-China technology start-up incubator. It is focused on encouraging American and Chinese start-ups to expand beyond their home countries. Founded in 2012, InnoSpring is a joint project between Tsinghua University Science Park (TusPark), Shui On Group (Shui On), Northern Light Venture Capital (NLVC) and Silicon Valley Bank (SVB).
Description
InnoSpring is seeking the best and brightest ideas from young startups and teams in the smart building and construction sectors from around the world.This year, InnoSpring is looking for business plans and ideas in six categories:
- Digital Design
- Pre-Fabrication and High Function Building Material
- Construction Automation
- Smart Equipment
- Building Lifetime Management
- Smart Science Park and Smart City
Now in its fourth year, the Smart City Startup Contest is one of the many ways that InnoSpring is supporting the global Smart City industry. The winning company will receive up to US$290,000 in startup capital, and cash prizes will also be given to second and third place runners-up. Participants can also gain exposure to and access venture capital and angel investors and 68 industrial leaders in the Smart City industry sector that represents $100M construction market from China. Many of the past winners have received additional investment and funding.
„The success of the Smart City Startup Contest illustrates the excitement and the growth in this market and we are devoted to facilitate open collaboration between early-stage companies and industry giants from China,” said Dr. Xiao Wang, chief fire starter and general manager, InnoSpring Silicon Valley. „This contest has been successful in helping catapult many startups and we’re looking forward to hearing fresh ideas, meeting entrepreneurs that are just as energized about Smart Cities as we are, and working together with companies that will define the future of Smart Cities.”
Contest events will be held in the San Francisco Bay Area and Nantong, China. Select companies will get a chance to demo and pitch their ideas in InnoSpring’s Santa Clara, Calif. office in June. Two finalists will be invited to travel to Nantong, China in August to present to a panel of 15 judges that consist of InnoSpring executives, leading venture capitalists, and industry thought leaders. Known as China’s „first modern city,” Nantong is one of China’s Central European Green Smart City 15 pilot cities.
InnoSpring has been leading the smart building innovation service ecosystem in China, including:
- Developing the Smart Building Research Institute in Nantong, China
- Establishing a Smart Building Venture Fund in Nantong, China
- Forming an industry alliance of 68 construction, management, and development corporations Funding and incubation for startups
- Promoting innovation through activities such as Smart City Startup contest
Jury
Zuxin Chen
Longxin Group Chair-man ; China Real Estate Industry Association Vice Chairman
Longxin Group Chair-man ; China Real Estate Industry Association Vice Chairman
Qinghua Dai
CEO of SANY HEAVY INDUSTRY CO., LTD.
CEO of SANY HEAVY INDUSTRY CO., LTD.
Feng Deng
Northern Light Venture Captital Founder , Managing Director
Northern Light Venture Captital Founder , Managing Director
Wei Xu
Director of institute of building environment and energy
Director of institute of building environment and energy
Helmut Schönenberger
UnternehmerTUM CEO
UnternehmerTUM CEO
Hui Huang
Infotech Pacific Ventures Investment Manager
Infotech Pacific Ventures Investment Manager
Dalong Lv
Beijng Ginkgo Angel Investment Founding Partner
Beijng Ginkgo Angel Investment Founding Partner
Wanfeng Liu
InnoSpring President,Chairman of the Board
InnoSpring President,Chairman of the Board
Rewards
First prize
$4 415If the team is going to settle down in Nantong, they will be directly added into Jianghai Elite program and given at least 2,000,000 Yuan start-up capital.(specific supporting policies will be subject to relevant documents) Project will be recommended to smart city demonstration project.
Second prize
$2 943If the team is going to settle down in Nantong, they will be directly added into Jianghai Elite program and given at least 1,500,000 Yuan start-up capital.(specific supporting policies will be subject to relevant documents) Project will be recommended to smart city demonstration project.
Third prize
$1 472If the team is going to settle down in Nantong, they will be directly added into Jianghai Elite program and given at least 1,000,000 Yuan start-up capital.(specific supporting policies will be subject to relevant documents) Project will be recommended to smart city demonstration project.
Consolation prize
If other teams are willing to settle down in Nantong, they will be added into Jianghai Elite program after discussion of the committee.(specific supporting policies will be subject to relevant documents)Timeline
Europe/Paris
Launch of the call for projects
Submission ends
Jury
Results
No publication yet
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