Regional round of STAR entrepreneurs competition organized by Shenzhen Capital Group took place on Monday in Prague Startup Centre, which prepared by the PSC in cooperation with CzechInvest Agency. Shenzhen Capital Group is the largest venture capital fund in China, which was founded in 1999 by the government in Shenzhen and currently has invested more than $ 3.5 billion into 200 start-ups.
Representatives of the Chinese fund have seen 20 innovative startups but just five firms were selected to the semifinal of the competition. Each company had six minutes to pitch and 9 minutes for QA. From all pitching startups were selected Battswap, Glogster, ICE Gateway, Monkey Data and Pocket Virtuality. Overall victory in the competition STAR company apart from the billion-dollar investment fund offers prize money of 20 million CZK and active promotion of start-up in China, respectively help finding potential business partners (customers and suppliers) what can have a big impact on the development of the company.