It is learned from the Hainan Provincial Human Resources Development Bureau on October 15th, the 10th "Hai Chuang Cup" of Hainan Entrepreneurship Competition finals will be Held at Hainan University from October 18th to 19th. At that time, 150 project groups in and out of the province will hold a peak matchup and compete for a prize of 2.5 million yuan.

According to reports, the finals of the "Hai Chuang Cup" are divided into four groups: the provincial enterprise group, outside the provincial enterprise group, the creative group, and the poverty alleviation special group, which are simultaneously carried out in the form of roadshows. The finals of the provincial enterprise group, outside the provincial enterprise group and the poverty alleviation special group will be reviewed by road show. The road show adopts the “5+3+1” mode.

This year's final creative group adopted the "road show + virtual investment" approach for review, which is the first time the "Hai Chuang Cup" finals added a "virtual investment" link. The final of the creative group is divided into two phases. In the first phase, the top 26 projects are decided through the roadshow review, and the 7th to 26th projects will win the award. In the second stage, the top 6 projects are virtualized. The project score = road show score + virtual investment score, in which road show scores account for 90% of the total score, and virtual investment scores account for 10% of the total score.

It is understood that the prize money of this competition has also hit a record high of up to 2.5 million yuan. The first prize of the provincial enterprise group, outside the provincial enterprise group and the poverty alleviation special group will receive 100,000 prizes respectively, and the creative group will receive a prize of 50,000 yuan for the first prize.

The reporter of hinews.cn also learned that the organizer will hold the 20th "Hai Chuang Cup" of Hainan Entrepreneurship Competition Awards Evening Party on October 20th, summarizing and commending the outstanding and advanced individuals and units of this competition. And through the exciting entrepreneurial melodrama, cultural performances such as dances show the spirit of the new era of entrepreneurs in Hainan Province.

In order to better help the “Hai Chuang Cup” quality project team to connect with venture capital, help the project group, especially outside the provincial enterprise group to connect with Hainan’s incubator park and help its development, the organizer of the competition will also hold “venture capital and service meeting” on October 21st.The venture capital and incubation park will conduct centralized promotion, on-site negotiation, and actively serve the participating projects.

The competition is hosted by Hainan Provincial Human Resources and Social Security Department, Hainan Provincial Education Department, Hainan Provincial Office of Poverty Alleviation, Hainan Provincial Committee of the Communist Youth League, and Hainan Women's Federation, and undertaken by Hainan Provincial Human Resources Development Bureau. As one of the provincial events held earlier in the country, the“Hai Chuang Cup”of Hainan Entrepreneurship Competition has become an important entrepreneurial brand event in Hainan Province.