FREQUENTLY ASKED QUESTIONS

1.Should I be a Chinese citizen or have a Chinese member within my team in order to participate in the competition?

The HICOOL Global Entrepreneur Summit and Entrepreneurship is eyeing on entrepreneurs from all over the world and we encourage participates to apply regardless of regions. However, the participants should be willing to start a business in Beijing and land the proposed project in Beijing in the form of a company within one year of receiving the reward.

2.What does “Return Time (to China)” mean in the project submitting page?

As mentioned before, participants should be willing to start the business in Beijing within one year of receiving the reward and this term could be understood as the proposed initiated time for business operations in China. Please note that the award offering is conditioned upon the one-year frame of starting operating business in Beijing.

3.Should I use google translate for the project submission?

 

When submitting your project, please change the language setting at the right-hand corner of the HI-COOL portal into English before filling in any information. Google translate can cause problems when filling the application.

INTRODUCTION

The HICOOL Global Entrepreneur Submit and Entrepreneurship Competition was created with entrepreneurs in mind. Our theme is “Envision the future”. We aim to find high-quality projects globally and assist our winners to settle and to develop rapidly. The competition has 100 winning spots, with a total sum of RMB 80 million in cash prizes, as well as RMB 1 billion in investment funds. The winning projects will be provided tens of millions of RMB in direct investment funds. The competition will invite top investors, well-known mentors, and leading entrepreneurs to provide full-scale entrepreneurial counseling and assistance for the participating projects, creating a multi-level, multi-dimensional, and diversified international entrepreneurship model. Our “ Beijing Service ” package will help the winners settle down in Beijing, providing free education for their children and medical insurance, as well as accommodation, to empower the entrepreneurs in Beijing in the best possible way.

CCAA China Canada Angel Alliance is the HICOOL Global Entrepreneur Competition- Canadian Regional Organizer, Which established in 2014, China Canada Angels Alliance is a critical part of River Capital ’ s global strategy aiming at building cross-border eco-system for Canadian early-stage innovative companies to embrace China,which own's today's largest and fastest growing market in the world。

In order to attract more high-growth startups to register HICOOL, CCAA authorize Bizfield as the exclusive agent at the British Columbia region.

Bizfield is a One-stop service provider for Entrepreneurship • Listing • Investment between Canada and China, which committed to helping North American quality projects enter the Chinese market; incubating, financing and getting high-potential Chinese companies listed in Canada; supporting two countries’ angel investor members to make effective decisions, build an international investment circle, and enhance economic cooperation.

ORGANIZATIONAL STRUCTURE

Event Host:  Beijing Overseas Talents Association

Event Organizer:  Beijing Hycore Innovation Co., Ltd.

Canadian Regional Organizer:China Canada Angels Alliance

British Columbia Organizer:  Bizfield Angel Network

COMPLETION EVENTS AND GROUPS

The competition is mainly aimed at entrepreneurial projects in the field of science and technology. Event Details are set to the following six events:

Event 1:AIBig data, and Fin-tech;

Event 2:Bio-medical;

Event 3:New-generation information Technology;

Event 4:New energy, new materials, and smart equipment;

Event 5:Cultural creativity;

Event 6:Other categories.

Each event is divided into two groups: a Creator Group and a Growth Group.

Creator Group: For entries that have not been registered in Beijing at the time of registration. Growth Group: For entries that have been registered in Beijing at the time of registration.

ENTRY REQUIREMENT

Entries can be declared in the name of individuals or teams. Individuals and team members participating in the project should have obtained an educational degree, or have studied, worked, or started a business for more than 1 year outside  China. Only one project per individual/team can take part in the competition. In addition, depending on the different groups, the following conditions must also be met:

Creator Group Project: The participant should be willing to start a business in Beijing and  promise to land the project in Beijing in the form of a company Within one year since received the awards.If the project is declared in the name of an individual, that individual should be the main founder of the landing company and the first majority shareholder, holding no less than 30% of shares. For a project declared in the name of a team, the team can have no more than 5 individuals, and the team’s equity should account for no less than 50% of the total equity of the company.

Growth Group Project: The company must have been established no more than 10 years. If the project is declared in the name of an individual, that individual should be the company’s main founder and the first natural person shareholder, holding no less than 30% of shares. For a project declared in the name of a team, the team can have no more than 5 individuals, and the team should hold no less than 50% of the company's total equity.

AWARDS

First Prize (5 persons)

1.A one-time cash prize of RMB 2 million will be awarded. 2.Receives support for talent introduction

3.3 years of 300 square meters of free office space

 

Second Prize (15 persons)

1.A one-time cash prize of RMB 1 million will be awarded. 2.Receives support for talent introduction

3.3 years of 300 square meters of free office space

 

Third Prize (30 persons)

1.A one-time cash prize of RMB 500,000 will be awarded. 2.Receives support for talent introduction

3.3 years of 300 square meters of free office space

 

Winning Prize (50 persons)

1.A one-time cash prize of RMB 200,000 will be awarded.

2.1 year of 100 square meters of free office space

 

Prize Redemption:

  1. The winning projects of the Creator Group shall set up a company in Beijing within one year after the competition and submit an application for the prize, which will be cashed after our review and confirmation.

  2. The winning projects of the Growth Group may cash out the prizes after the end of the competition.

COMPETITION PROCEDURES

The competition is divided into five stages: registration, screening, preliminary, semi-final, and final. The Organizing Committee of the competition will send notices and release information to the contestants through email and official website messages.

 

Registration:

15 May — 15 Jul. Screening:16 July — 19 July 2020

International Preliminary :

25 Jul. — 1 Aug. Mixed Events(Competition Format: Foreign competitions use an online/offline road show method (depending on the development of the COVID-19 Pandemic in the location of the competition). Canada road show will be online.

 

Global Semi-Final:19 Sept. (planned) Six Events(Venue: Beijing, China;Competition Format: Offline Road Show (may be adjusted based on the development of the COVID-19 Pandemic)

 

Global Final:20 Sept. (planned) Mixed Event(s   Venue: Beijing, China;Competition Format: Offline

Road Show (may be adjusted based on the development of the COVID-19 Pandemic)

CONTACT IN BRITISH COLUMBIA

Bizfield Angel Netwrok Ltd.

Lillian Liu

Email: Lillian@bizfieldangel.com

Cell: 1-778 881 5318

Wechat: chuying-hegu

APPLICATION GUIDE

Before registration, please prepare the following information in advance:

  • Business plan (Acceptable file formats:word/ppt/pdf ,Please fill in the business plan according to commercial product or service introduction, technology, market analysis and business model, team capabilities and operation management, financial indicators, investment value, industry attributes, etc.)

  • Supplementary materials (Please combine personal or project honors, qualifications, certificates, and other materials into one PDF to upload.)

  • Other contents to be filled in include: (1)Personal profile(2)Educational experience(3)Professional experience(4)Product services(5)Business model and market prospect(6)Team management ability (7)Financial indicators (8)Investment value, etc

STEP 1

Step 1: Click the CCAA designated link to enter the HI-COOL portal and finish account registration.

STEP 2

Step 2: Log in to your account → Enter application front page → Select competition group (the"Creator Group" for applicant that have yet established business entities in Beijing at the time of registration,or the "Growth Group" for applicant that already have business entities in Beijing at the time of registration.) → Select the North America competition area→ Hit next step.

STEP 3

 

Step 3: Applicant.

STEP 4

 

Step 4: Project Information.

Bizfield Angel Network Ltd.

 

One-stop service provider for

• Entrepreneurship

• Listing

• Investment

between Canada and China

Location:

6060 Silver Drive, Burnaby, BC

V5H 2Y3

Contact us:

Email: info@bizfieldangel.com

© 2018 by Bizfield Angel Network Ltd. All rights reserved

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