The City Government of Shenzhen, China has brought to India the first ever China (Shenzhen) Innovation and Entrepreneurship International Competition.

Touted as the biggest prize in startup competitions of its kind, the largest prize money for innovation and startup ideas will fetch the winner RMB 1,000,000 (approximately Rs 1 crore), among others.

Besides India, other centres of global innovation and entrepreneurship that shall be battling it out for top honours include Australia, Canada, Germany, Israel, Japan and US.

The competition is supported by the Ministry of Science and Technology, Government of China.

The India Region Round of the competition shall be organised by Sino India Trade and Culture Promotion Council.

Source: India Today