Innovation and entrepreneurship competition wraps up regional preliminary in Beijing

The winners will be awarded a fund of 150 million yuan ($21.7 million) and a three-year rent-free period to further develop their projects and incubate the startups, according to Yang Wentao, CEO of Beihang Investment Co.Ltd.

The preliminary on Tuesday opened mainly for researchers from the second academy of CASIC to encourage its researchers and engineers give full play to their wisdom and innovation to make breakthroughs for China’s space industry.