On July 22, 2025, the 1^st Global Technology Innovation Competition officially launched in Hangzhou, China. The event is jointly hosted by Zhejiang University, Westlake University, and the Economy and Information Technology Department of Zhejiang.

This international competition invites universities, research institutions, and startups founded within the last five years from around the world. Under the theme “Global Innovation, Zhejiang Synergy,” it leverages Zhejiang’s advanced manufacturing cluster, valued at nearly 10 trillion RMB, to support technology teams across the entire innovation chain, from research to market launch. As one of China’s top science and technology hubs, Zhejiang offers a vibrant industrial ecosystem to global innovators.

The competition features four tracks: aerospace, humanoid robotics, biomanufacturing, and AI + eye health—sectors with significant growth potential. Winning teams will receive substantial support in funding, talent recruitment, and project execution, backed by provincial and local authorities dedicated to attracting top overseas talent.

To boost commercialization, the Zhejiang Expert Committee on Industries of the Future, led by 18 academicians, will provide technical guidance. Financial institutions, including Caitong Securities, have established a coalition fund offering a “green channel” that provides 3 billion RMB in corporate credit and 500 million RMB in personal startup loans. Additional services cover cross-border financing, strategic and management consulting, equity incentives, talent training, and personalized financial advice, ensuring full lifecycle support for innovators.

Applications are open until September 30, 2025, via the official website: https://zj87.jxt.zj.gov.cn/qqjscxds/. The competition will hold initial project reviews in October, final rounds across the four tracks in November, and conclude with an awards ceremony in Hangzhou. Zhejiang is committed to building a comprehensive innovation ecosystem by combining project guidance, policy support, financial support, and industrial integration, and warmly welcomes global innovators to join and shape the future of industry.