In October this year, Macau will organize the first ever start-up competition dedicated to bringing together university students from China and Portuguese-speaking countries.
The competition, which will have a theme of sustainability, is set to raise awareness about international business opportunities arising from Macau’s role as a link between China and Portuguese-speaking countries. It also seeks to foster the development of young entrepreneurs with a global mindset.
Named the “928 Challenge Competition,” the competition is co-organized by: the City University of Macau, Shenzhen University, the United Nations University Institute in Macau, and the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries – Macao.
According to the organizers, the competition will be open to students from the nine cities of the Greater Bay Area (GBA), the two Special Administrative Regions of Macau and Hong Kong, and from eight Portuguese-speaking countries.
All the students will also take part in a two-week boot-camp to gain insight into opportunities between China and Portuguese-speaking countries, the two co-founders of the 928 Challenge Competition, José Alves and Marco Duarte Rizzolio, stated. They explained that the competition has a mission to deepen academic collaboration between universities in the GBA and the Portuguese-speaking countries, fostering the development of networks and collaboration between entrepreneurship ecosystems from these regions, namely at the level of incubators, accelerators, universities, and public institutions.
Ultimately, the 928 Challenge Competition aims to identify startup projects with the potential to be implemented and supported by investors in Macau, GBA, or the Portuguese-speaking countries.
This year’s competition is sponsored by: Banco National Ultramarino, Fidelidade Seguros, CESL Asia, CEM, Millenium BCP bank, MdME law firm, and Bank of China. The final stage of the competition will take place on October 23, during this year’s edition of the Macau International Trade and Investment Fair, which will be held at The Venetian Macau Convention and Exhibition Center.