The Youth-Zhongguancun U30 Innovation and Entrepreneurship Competition was successfully launched in the China Hall of Science and Technology on June 4. 

Guests jointly launch the Youth-Zhongguancun U30 Innovation and Entrepreneurship Competition. [Photo provided to chinadaily.com.cn]

Over the past five years, a total of 232 young talents at home and abroad were selected 

The year 2020 marks the fifth anniversary of the Youth-Zhongguancun U30 Innovation and Entrepreneurship Competition. Five years ago, 128 scholars, entrepreneurs and investors including Huai Jinpeng and Liu Chuanzhi jointly initiated the Zhongguancun U30, which is committed to finding promising young innovators and entrepreneurs. 

According to the statistics of the Secretariat, since November 2016 129 annual winners have been selected, 56 refinancing events have occurred, and refinancing has exceeded 4.3 billion yuan ($0.61 billion). 

In the past five years, the young innovators and entrepreneurs have made remarkable achievements 

In the past five years, the selected young innovators and entrepreneurs have made remarkable achievements in high-grade, precision and advanced fields such as artificial intelligence, chip design, biomedicine, 3D vision, intelligent manufacturing, and new materials. 

Deng Feng, initiator and mentor representative and founder and managing director of Northern Light Venture Capital, shares his views at the forum. [Photo provided to chinadaily.com.cn] 

Zhai Lixin, Party Member and Director of Zhongguancun Administrative Committee, speaks to forum attendees. [Photo provided to chinadaily.com.cn] 

Hu Yichuan, a representative of the 2018 winners and co-founder of Laiye Technology, speaks at the forum. [Photo provided to chinadaily.com.cn] 

Youth-Zhongguancun U30 will continue to be a support and driving forces for young innovators and entrepreneurs in the next five years 

Youth-Zhongguancun U30 will continue to provide support and scientific and technological achievement transformation services for global innovators and entrepreneurs. In the next five years, it will pay more attention to technology, be more open and more international, and strengthen humanistic care. 

Liu Zhishuo, initiator of Youth-Zhongguancun U30 and founding partner of Zhongguancun River Capital, makes a forecast. [Photo provided to chinadaily.com.cn]