TEEC Cup UCAHP North America Chinese Start-up Contest has welcomed its 8th year.
As the most influential contest overseas, it has been fostering the docking process between overseas start-ups as well as their techniques and China’s areas with most energetic economy. In the past 8 years, a total of 300 projects gained investments and landed back in China through the contests, and raised more than 300 million dollars of initial investments through this platform.
There also have been three unicorns growing from UCAHP platform, among which, Royole Corporation, a thinnest flexible display technology developer, has a valuation of 3 billion dollars; Pay Egis, online payment security provider, has a valuation of more than 1 billion dollars; Zoom, cutting-edge technology for video conference, has gained investments from renown VCs from Sandhill Road, thus became a unicorn. The contest platform has also cultivated many companies that are valued at more than 100 million dollars, including 7 start-ups that were acquired by giants, such as Orbeus, an AI company, being acquired by Amazon in the latter half of the year 2015. Others were acquired by Google, Facebook, Cisco, etc.
Fenwick Partner Sam Angus will be participating in a Panel Discussion