The finals of the 2021 Xi'an International Entrepreneurship Competition came to a close on Dec 3 in Xi'an, capital of Northwest China's Shaanxi province.

The finals of the 2021 Xi'an International Entrepreneurship end on Dec 3 in Xi'an. [Photo/Xi'an municipal government's WeChat public account]

The projects that made the finals involved the digital economy, smart city development, new technology for carbon reduction, and 5G networks.

A number of investment and financing institutions were invited to offer advice to participating projects, building fast financing channels, improving financing efficiency, and reducing financing costs for these products.

A woman introduces her team's project at the event. [Photo/Xi'an municipal government's WeChat public account]

"The reason why we participated in the competition is that this is the technology-based entrepreneurial competition with the highest specifications, largest coverage and most influence in Northwest China. As a start-up, we want to show our project to everyone and seek more cooperation," said a project representative.

Since its establishment, the Xi'an International Entrepreneurship Competition has continued to promote the transfer and implementation of scientific and technological achievements.

In the first four sessions, it was participated in by more than 9,300 projects from 16 countries, including the United States, Germany, Israel and 10 cities in China including Beijing, Shanghai and Shenzhen, of which 40 projects received 1.16 billion yuan ($251.2 million) in financing.