2024 – DayDayUp

ITEC Background

The Chaoyang International Talent Entrepreneurship Conference (ITEC) is a renowned platform for international talent in innovation and entrepreneurship. Currently at its eleventh edition, ITEC has attracted over 50,000 entrepreneurs, more than 10,000 companies, and hundreds of renowned venture capital institutions from 73 countries and regions. It has facilitated the implementation of 1,128 companies in Beijing, attracting and leveraging over 30 billion yuan in investments.

Competition Categories

General Track:Industrial Internet: Encompasses the automation, digital equipment, and network services in upstream; security, platforms, and software in midstream; and advanced system solutions in downstream, along with “Internet + New Industries” business models.
Artificial Intelligence: Includes data services and AI infrastructure, technologies like computer vision and natural language processing, applications in enterprise and smart cities, and key technologies like pre-trained large models and AGI.
Digital Security: Covers basic network security hardware and software, network security devices and services, and comprehensive industrial network security, with key technologies such as security brains and AI security.

X Track:

Internet 3.0: Involves hardware and software technologies for digital twins, virtual environments, 3D modeling, and advanced display technologies.
Digital Healthcare: Focuses on AI-powered medical advancements, digitalization of traditional Chinese medicine, and innovations in medical imaging and robotic devices.
Photonic Integrated Circuits: Involves the design, development, and manufacturing of integrated circuits and photonic integration, including high-end tools and processes.
New Tracks in Future Industries: Encompasses advanced manufacturing technologies, future energy solutions like carbon trading, and aerospace innovations such as satellite internet and integrated communications.

Participation Rights and Benefits:

Up to 500 square meters of exclusive space with a rent-free period after settlement.
Entrepreneurship training, including enterprise strategy, model arrangement, and BP writing and coaching.
Business linkage opportunities, such as business scenario integration, large enterprise support, and cross-border cooperation.

Winning companies from the special competition can advance directly to the ITEC Global Finals.

In addition to the exclusive benefits of the special competition, companies participating in the ITEC Global Entrepreneurship Competition and winning will receive additional incentive services.

Prizes

Grand Prize: 1 winner, RMB 5 million
First Prize: 4 winners, RMB 3 million each
Second Prize: 8 winners, RMB 2 million each
Third Prize: 12 winners, RMB 1 million each
Merit Award: 30 winners, RMB 200,000 each

Timeline

Registration: May 20th – August 31st
Evaluation: August & September
Singapore Specialized Competitions: Late September
Field Inspection: October
Global Finals: November
Innovation Summit and Award Ceremony: December

As countries worldwide accelerate their transition to cleaner energy alternatives, the electric vehicle (EV) industry stands at the forefront of this transformative journey.

Leading the charge is China, a powerhouse in the EV sector, where innovation and investment are propelling unprecedented growth. According to the Global EV Outlook 2024 Report by International Energy Agency (IEA), the market share of EVs is projected to reach up to 45% in China, representing nearly half of the global EV market. The declining battery and manufacturing costs are also playing a significant role in bolstering this market expansion. Competition and innnovation among manufacturers are the main causes of the declining costs, thus lowering the prices of EVs. In 2023, over 60% of the EVs sold in China were priced lower than conventional cars, making EVs attractive not only to environmentally-conscious consumers but also to the general public who seek more budget-friendly options.

With key players like BYD, Li Auto and XPeng, China’s dominance in the EV industry is further solidified as these influential companies continue to drive innovation and market growth. As such, China presents a highly attractive market for entry, particularly given the increasing policy support from the government and abundant opportunities to collaborate and obtain insights from industry leaders within the country. Entering the Chinese EV market not only offers access to a vast consumer base but also provides a fertile ground for forging strategic partnerships and staying abreast of the latest advancements in EV technology and market trends.

Recognising the increasing opportunities in China’s EV market, we are excited to introduce a tailored solution for companies seeking to make their mark in this dynamic sector. DayDayUp proudly presents the “Beijing Bound: Accelerating Ventures into China’s Mobility Ecosystem” programme, designed to assist companies in setting up, testing and commercialising solutions within Beijing’s thriving EV landscape. Through our programme, companies can gain valuable insights from industry leaders, engage in co-innovation and networking activities, and leverage our extensive network for potential strategic collaborations.

Come with us as we embark on this journey to unlock the boundless potential of the EV industry in Beijing together!

Interested in the programme? Sign up for the programme here now.