HICOOL Global Innovation Competition US Division Launched by Plug and Play China

HICOOL Global Innovation Competition US Division Launched by Plug and Play China

Plug and Play China is co-hosting the Global Competition with HICOOL and now launch the US division for startups in AI, Fintech, Biotech, Energy, Smart Manufacturing, and 5G. The competition offers $11M in cash prizes plus $140M investment for the top 100 selected startups. Companies will also meet one-on-one with local companies such as Baidu, IDG, Xiaomi, Alibaba, and Sequoia.

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The HICOOL Global Entrepreneurship Competition is open to any individual entrepreneur or team of entrepreneurs from around the world with a new or early-stage startup. 100 entrants will be chosen to share in USD $11M (RMB 80 million) of cash prizes, and USD $140M (RMB 1 billion) in VC investment funds.

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The competition receives support from powerful innovators such as Alibaba Group, ByteDance, Baidu, Xiaomi, Microsoft, Peking University, Northern Light, Sequoia, IDG Capital Partners, and others.

Speaking at the launch, Robin Li, Founder, Chairman of the Board, and CEO of Baidu Inc. said, “HICOOL is a perfect platform for entrepreneurs to talk about dreams, to chase after dreams, and to realise dreams.”

Yong Zhang, Chairman of the Board and CEO of Alibaba, Neil Shen, Global Executive Partner of Sequoia Capital, and Lei Zhang, Founder and CEO of Hillhouse Capital, encouraged entrepreneurs to be confident, persistent, and hardworking.

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