Arlington Accepting Applications in 2016 Global Entrepreneurship Competition

  • Oct 6, 2016
  • Now accepting applications from technology companies for global competition
  • Competition highlights technology entrepreneurs interested in global enterprise
  • Winners from U.S. competition go on to final round in Beijing

ARLINGTON, Va. — Arlington Economic Development is seeking companies interested in expanding business on the global front to apply for consideration in the Dongsheng–Dao Ventures US-China Entrepreneurship Competition for 2016. The U.S. round of competition, which will be held both in Arlington and in Boston, will bring early/seed-stage or growth stage technology companies from around the globe together to pitch their products and services for the chance at cash prizes, significant investments, mentoring and the chance for free office space in one of China’s top accelerators. This is the second year Arlington has served as host for the competition.

“This partnership between Arlington and Dao Ventures/Dongsheng Science and Technology Park has truly been remarkable in fostering entrepreneurial relations between both destinations,” said Victor Hoskins, Director of Arlington Economic Development. “We are thrilled to once again have the chance to showcase the truly remarkable entrepreneurial enterprises being developed here and further enhance the global market opportunities between Arlington and the Chinese market.”

Dongsheng Science and Technology Park in Beijing, located at Zhongguancun, China’s equivalent of Silicon Valley, is one of China’s leading accelerators for technology and environmental companies. It is partnering with Sino-American investment and advisory service firm, Dao Ventures, to bring its Global Entrepreneurship Competition to the U.S. for the second time.

Technology companies in early/seed-stage or growth stage are encouraged to apply for the competition, which is focused on companies looking to expand to China and who may want to entertain exploring operational representation in China. Selected companies will participate in a pitch competition in November, with First Place winners in the first round invited to participate in the final round of competition in Beijing in December.

Participants have the chance to win:

  • $5,000 cash prize for 1st place U.S. winner
  • $3,000 cash prize for 2nd place U.S. winner
  • 2,000 cash prize for 3rd place U.S. winner
  • Grand Prize of $160,000 in the final international competition in Beijing

If selected by Dongsheng, the winner from the U.S. competition will receive a $1,500 travel stipend to Beijing plus hotel and meals for the duration of the contest period to participate in the final international competition as the U.S. representative. Contestants will also take part in prospective investment meetings with Chinese investors and receive office space in Dongsheng’s Beijing accelerator and pro bono consulting and mentoring.

Applications are being accepted online and must be received by October 30. Finalists will be chosen by November 2 with pitch presentations taking place November 10.   

Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community, and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development. For more information, visit arlingtoneconomicdevelopment.com.

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Arlington, Va., is a world-class residential, business and tourist location that was originally part of the “10 miles square” parcel of land surveyed in 1791 to be the Nation's Capital. Slightly smaller than 26 square miles, it is the geographically smallest self-governing county in the United States, and one of only a handful with the prized Aaa/AAA/AAA bond rating. Arlington maintains a rich variety of stable neighborhoods and quality schools, and has received numerous awards for Smart Growth and transit-oriented development. Home to some of the most influential organizations in the world – including the Pentagon – Arlington stands out as one of America’s preeminent places to live, visit and do business.

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