Applications for a major international startup competition in China is now open to global entrepreneurs, offering government grants of up to $1.4 million (¥10 million) for top-performing projects.
The Hangzhou Innovation & Entrepreneurship Competition 2025, organized by GITP Asia, invites overseas startups and innovators to submit project proposals before 30th May 2025.
Winners stand to receive cash prizes of up to $51,000 (¥370,000), with select projects also eligible for government funding ranging from $140,000 to $1.4 million (¥1–10 million) to support relocation and development in Hangzhou.
In addition to funding, successful participants will gain access to:
- Free housing or rental subsidies under the “Global Talent Home” program.
- Subsidized office space for up to 1,500 square meters at just ¥1.5 per sqm/day for 3 years.
- Local integration support including shuttle transport and business services.
Who Can Apply:
Eligible teams must include at least one non-Mainland Chinese member with a Master’s degree under the age of 55.
Timeline:
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Submissions close: May 30, 2025
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Evaluations: June to September 2025
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Grand Finals: September 2025 in Hangzhou
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Special Tracks: Projects in Digital Pharmaceuticals and Brain-Inspired AI go straight to finals
How to Apply
More than 200 projects will be shortlisted for the semifinals, with 60 finalists invited to pitch live in Hangzhou at the Grand Finals held during the Hangzhou International Talent Exchange Conference.
Startups from industries such as AI, healthtech, greentech, fintech, and smart cities are especially encouraged to apply.
Interested participants can apply to participate in the competition via this online form.
GITP Asia
