HRG Robotics has held its first startup competition, attracting more than 50 investment and technology companies and organisations.
The company says it wants to provide a platform to support innovation and startups.
HRG says startup competitions help connect companies of “great potential” within HRG system with top venture capitalists.
The latest step was to initiate the first HRG Startup Competition in late November.
Wang Meng, CEO of HRG, says: “HRG is growing fast, which increasingly requires strengthening cooperation among innovation, industry and venture capital for sustainable value growth of HRG Biosphere companies.”
Twenty-eight project teams and 30 top investment organizations attended the competition. The entries mainly covered the fields such as AI and robotics in daily and commercial use.
Six projects ranked the top three and 16 projects received business calls after the competition. In addition, four project teams signed memoranda of understanding with five venture capital agencies at the event.
HRG says it is able to provide “all kinds of services” to startups of various stages of the business life cycle because of its “capability to connect technology, capital and market”.
So far, HRG has incubated 100+ start-up companies and has applied for 1,800+ original patents.