The Finals and Enterprise Exhibition of the 2019 Zhongguancun International Frontier Technology Innovation Competition hosted by the Zhongguancun Administrative Committee were held in Beijing on Nov 15, marking the end of the competition.

Liu Yinchun, deputy secretary-general of the Beijing Municipal Government, Tan Qinliang, deputy director of the Department of Science and Technology of the Ministry of Education(MOE), and Liu Hang, deputy inspector of the Zhongguancun Administrative Committee, presented awards to the winners of the finals at the event.

Liu Yinchun, deputy secretary general of the Beijing Municipal Government addresses the event. [Photo provided to chinadaily.com.cn]

Tan Qinliang, deputy director of the Department of Science and Technology of the Ministry of Education makes a speech at the event. [Photo provided to chinadaily.com.cn]

Liu Hang, deputy inspector of Zhongguancun Administrative Committee, shares his views. [Photo provided to chinadaily.com.cn]

With the guidance of the Department of Science and Technology of the MOE and the Beijing Branch of the Chinese Academy of Sciences, and the support of Peking University, Tsinghua University, and the governments of various districts, the 2019 Zhongguancun International Frontier Technology Innovation Competition attracted high-quality entries with cutting-edge core technology put forward by 600 enterprises and teams from home and abroad.

The third Zhongguancun International Frontier Technology Innovation Competition focused on cutting-edge technology and high-quality development, and attracted entries in the fields of artificial intelligence, integrated circuits, medical health, intelligent manufacturing and new materials, energy conservation, environmental protection and new energy, big data and cloud computing, smart cities and the internet of things, financial technology and information security, sports technology, and agricultural technology.

Through the preliminary and final competitions, Top 10 enterprises were selected for each sub-field, with a total of 100 quality projects standing out. The champion, runners-up and second runners-up of the finals were selected from the top two for each sub-field.

Champion: Beijing Interstellar Glory Space Technology Co, Ltd [Photo provided to chinadaily.com.cn]

Runner-up: HanSight (Beijing) Software Technology Co, Ltd XpectVision Technology Co, Ltd

​

Second Runner-up: Tsingjiao Information Science (Beijing) Co., Ltd. Beijing TAOS Data Technology Co., Ltd. Cardinal Operations (Beijing) Co., Ltd.

The entries for this year's competition generally had four highlights:

First, core technology. Many entries used cutting-edge technologies in such fields as biomedicine, autonomous driving, new materials, blockchains, and clean energy, and many participating enterprises focused on those underlying technologies.

Second, outstanding talents. The main founders of the participating enterprises and the members of the innovation teams are scientific and technological talents from world-famous universities, research institutions and enterprises.

Third, high investor attention. The entries have attracted investment. Among the 100 enterprises from each sub-field, 80 percent have completed "A" round financing, and the financing amount reached 20 billion yuan($2.84 billion) in 2019.

Fourth, huge potential. The participating enterprises are all based on national strategic needs or major social concerns, and already occupy a certain share in their market segments, so their development potential is huge.

The competition highlights more precise and more effective services. [Photo provided to chinadaily.com.cn]

This year's competition continued to focus on cutting-edge core technology projects and enterprises, while paying attention to implementation and investment and financing services, so as to support the development of high-grade, precision and advanced industries in the capital. Compared with the previous sessions, this year's competition highlighted more precise and more effective services.

"More precise" means that according to the market expansion needs of participating enterprises, the development needs of leading enterprises and the development strategies of the capital, the competitors have carried out a series of market linkage activities.

"More effective" means that they have accelerated the implementation of the projects according to the positioning of each sub-park.

More than 30 enterprises participated in the Enterprise Exhibition, displaying leading-edge core technology products. [Photo provided to chinadaily.com.cn]