The launch ceremony of the 2025 "Chuyun Cup" Innovation and Entrepreneurship Competition opened at the National Energy Storage Building in Guangzhou's Baiyun district on Aug 1.

The competition emphasizes globally leading technologies in the new energy storage industry, particularly cutting-edge areas such as solid-state batteries, flow batteries, and hydrogen energy storage. Its goal is to attract high-quality entrepreneurial projects with advanced technology, strong teams, and financial backing.

The launch ceremony of the 2025 "Chuyun Cup" Innovation and Entrepreneurship Competition. [Photo/WeChat account: gz_baiyunfabu]

Strict participation criteria have been set: teams must include at least two core members, with the leader ideally holding a doctoral degree, and projects must have a well-developed business plan and independent intellectual property rights. A dedicated overseas session has also been established to serve as a bridge for international innovators to showcase their ideas and foster collaboration.

The competition offers up to 2.3 million yuan ($320,000) in entrepreneurial project rewards and a maximum of 20 million yuan in industrial investment fund support, providing a solid financial foundation for project implementation and growth.

It also includes talent awards, priority trials for first-of-its-kind technology, and participation in major sci-tech project planning and applications. These measures accelerate the transformation of ideas into products and lab research into market-ready solutions, driving Baiyun district's development of the new energy storage industry.