Participants from Silicon Valley presented their projects at the 4th Global New Material Startups Contest organized by Ningbo city on Aug 7. [Photo/WeChat saichuangweilai]
Participants at the 4th Global New Material Startups Contest held in Silicon Valley on Aug 7 went head to head in a bid to win places at the semifinals and finals to be held in Ningbo.
Ningbo, a coastal city in Zhejiang province is seeking good startup projects in the new materials industry.
Winners of the Silicon Valley contest will compete with projects from other countries at the final event on Sep 24 and 25 for financial support from the Ningbo government and an introduction to the city, which tops all Chinese cities in terms of the scale of production and research in the new material industry.
Ningbo's new material industry is developing fast and the environment for businesses is attractive as well. An important base for China's new material sector, Ningbo is home to a lot of research institutes including Ningbo Institute of Industrial Technology of Chinese Academy of Sciences and the University of Nottingham Ningbo New Materials Institute.
Jiang Yuhong, consul for Science and Technology at the Consulate General of the People's Republic of China in San Francisco introduced Ningbo's advantages to young participants in Silicon Valley.
"Startup businesses at Ningbo National Hi-Tech Industrial Development Zone will get preferential policy support not only from the municipal government, but also from the provincial and even the central government," Jiang said.
Jiang Yuhong, consul for Science and Technology at the Consulate General of the People's Republic of China in San Francisco, listens to the presentations of each group at the 4th Global New Material Startups Contest in Silicon Valley on Aug 7. [Photo/WeChat saichuangweilai]
Groups of participants from Silicon Valley promoted their ideas at the contest. Four of projects were selected for the semifinals. One of them, a project promoting an innovative technology which turns waste straws into building materials was highly favored.
"I know Ningbo's manufacturing industry is very good, which is beneficial for us to develop production equipment," said Zhang Ying, one of the founders of the team. She said they've paid 15 visits to China in the past two years for the possibility of commercializing the technology.
Zhang Ying, a founder of the project that aims to make building materials from waste straws, introduces their technology at the contest on Aug 7. [Photo/WeChat saichuangweilai]
Previous contests have attracted more than 1,000 projects from home and abroad and have successfully introduced over 30 projects to Ningbo.
Ningbo became the first national pilot city for "Made in China 2025" strategy in 2016 and in the same year, the municipal government released a document which listed the new material industry as one of the key industries in the city.
The total output of the new material sector is expected to reach 400 billion yuan ($60.03 billion) by 2020 and 800 billion yuan by 2030, according to Ningbo government.
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