2018 Xi’an International Venture Competition Closes a Xi’an Hard Tech Company Winning 1 Million Yuan Top Prize


The scene of award presentation ceremony

The two-day-long 2018 Xi’an International Venture Competition closed on December 7, with the item of vehicle-borne solid state radar from Xi’an Division of the competition winning the top prize of 1 million yuan.

Themed on “Building the Capital of Venture on Global Resources”, the competition aimed at tracking world technology trend, strengthening interaction with other cities at home and abroad, increasing the international visibility of Xi’an, attracting more talents, technology, projects and capitals to settle in Xi’an, expediting the collection of capital resources for innovation and entrepreneurship, and speeding up the building of Xi’an into the capital city of the “Belt and Road Initiative” in terms of innovation and entrepreneurship.

Starting in April 2018 for preparation and in August for registration, the competition is held in 6 domestic divisions in Beijing, Wuhan, Shenzhen, Hangzhou, Chengdu and Xi’an respectively, where 1,069 items have been collected, focusing on information technology, biomedicine, advanced manufacturing and new materials. After written review, 320 items were shortlisted for road show and 80 items reached the final. Meanwhile 5 international divisions were provided in Berlin of Germany, London of the UK, Brisbane of Australia, Tel Aviv of Israel, Silicon Valley of the US respectively, where 391 items signed up. After written review, 104 items were shortlisted to the road show and 25 items reached the final.

After two days of competition, 24 items came to the final, where vehicle-borne solid state laser radar from Xi’an Division won the top prize of a million yuan, 10 institutes such as Xi’an New and High Technology Venture Capital Investment Co., Ltd was entitled the best institutional investors; 7 units such as Xi’an Productivity Promotion Center was honored excellent organization award. Meanwhile, 6 investors and 17 items signed the letter of investment intent, a number of foreign items are expected to be implemented in Xi’an.

Lidar chips are like the ones in the camera of cell phones, with the latter forming images by digitalizing physical objects by colors to distinguish object and colors whereas the former obtaining the information of distance between space and the objects to identify the distance and speed. The chips of vehicle-born laser radar can enhance the precision of distance measurement to prevent barriers. According to Zhang Bing, Vice President of R & D of Xi’an Feixin Electronic Technology Co., Ltd, the solution provided by the vehicle-borne laser radar of the company makes laser radar the chief sensors, which will be widely used in aided and automatic driving of automobiles.

Apart from the top prize, there have been 12 excellence prizes, 6 third prizes, 3 second prizes and 2 first prizes. At the same time, those winning entries that have settled in Xi’an will get priority as a part of the Xi’an municipal science and technology program. All districts, counties and development zones will offer them free rent for the first two years and 50% discount in the third year, and a work space with a ceiling of 500 square meters.

[Source:Xi’an Evening News]