Some 250 startup teams register for 2022 edition of 928 Challenge

According to the organizers of the start-up competition, around 250 teams have registered for the new edition of the startup boot camp 928 Challenge.

The entrepreneurial competition – currently in its second edition – between China and Portuguese-speaking countries officially kicked off on October 3 after a registration period in which about 1,256 participants representing 249 teams had registered.

The various teams will now participate in a training program bootcamp until October 14, where entrepreneurs will “refine their business ideas that focus on sustainability and connect Portuguese-speaking countries with China in both directions”.

“In the first week, we will have speakers from the entrepreneurial ecosystem who will talk about business opportunities and industrial sector prospects in the Portuguese-speaking countries and the Great Bay Area of ​​China,” the organizers pointed out.

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“In the second week, the bootcamp will have a hands-on component, where mentors will support the teams in developing their ideas and making sure they are a good fit between PSC (Portuguese speaking countries) and China (both ways).”

According to the organization, more teams from Portuguese-speaking countries have joined the entrepreneurship competition this year, teams who will spend most of their training schedule working on how to promote their products and services in mainland China.

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The final of the competition will take place on October 29th with a shortlist of the 16 best teams, namely eight best university teams and eight best startups.

The selected teams will present their business idea to a high-ranking jury. After the competition, the winners will have access to specific business matching meetings with potential clients/investors.

The first three winning teams will receive a non-cash prize of MOP 30,000 (US$3,710) from Alibaba Cloud services and a total of MOP 70,000 in cash prizes.

“Given the diversity and number of participating teams, we look forward to the business proposals presented. Our mission is to build an entrepreneurial community among all participants and to raise public and economic stakeholder awareness of the business opportunities arising from the Macau Platform between Portuguese-speaking countries and China,” the organizers added.

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In 2021, ProbioVaccine, a bespoke aquaculture-based probiotic vaccine project by a team from the University of Porto, won the edition’s inaugural edition, with second place going to the University of Lusófona Guiné Bissau for a solar panel project in East Guinea-Bissau, and third place to the State University of Rio de Janeiro, Brazil and Guangdong Polytechnic Normal University.

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