Fwd: Invitation to CMU Summit New Venture Competition (Cash Award $15K)

[Yvette Zheng]

卡内基梅隆 CSSA 的邀请：4月26日第四届 CMU Summit on US-China Innovation and Entrepreneurship。

欢迎 start-ups 和 entrepreneurs 报名参加，报名截止日期是4月5日。

更多信息见转发邮件正文。也可与 Kyle 联系。:)

---------- Forwarded message ----------
From: Kyle Gao <ying...@cs.cmu.edu>
Date: Fri, Mar 13, 2015 at 8:20 PM
Subject: Invitation to CMU Summit New Venture Competition (Cash Award $15K)
To: yvez...@gmail.com

Hi Yue,

Thank you for helping us distribute the message to the students in University of Maryland. I’m Kyle Gao, Vice President of CMU-CSSA and Director of 4th CMU Summit on US-China Innovation and Entrepreneurship. On behalf of the 4th CMU Summit committee, I would like to extend our warmest invitation to start-up teams and entrepreneurs in University of Maryland  to participate in the 4th New Venture Competition of CMU Summit, which will be held on April 26th at Carnegie Mellon University in Pittsburgh. 

Introduction to CMU Summit on US-China Innovation and Entrepreneurship

Founded in 2011, CMU Summit has attracted over 2,000 participants and 100 industry leaders. Past conferences were reported by more than 50 media including CCTV and Xinhua News Agency, two of the largest state-owned broadcasters in China. As one of the most influential student-run forums in the United States, we invite top industrial professionals, entrepreneurs, venture capitalists, and researchers to address cutting-edge issues in various domains: Energy, IT, Innovation & Entrepreneurship, and Finance & Investment. The two-day conference is composed of Keynote Speeches, Panel Discussions, New Venture Competition, Tech Showcase, Recruiting Session, etc.

Introduction to New Venture Competition

New Venture Competition aims at providing a professional platform to identify, nurture and showcase emerging entrepreneurs, and to bridge the strategic relationships between innovative ideas and venture capitals. Thanks to the Innovation and Entrepreneurship Panel of CMU Summit, this competition has receive strong support from famous venture capital and angel investors. Not only will they organize the judge committee, but also they will have further communications with outstanding teams, searching for any possibility of future collaborations. In previous years, we invited ZhenFund, SoftBank China, West Summit Capital, SBCVC, GSR Ventures, IDG Ventures, as well as academic and industrial field. For this year, we have invited the top venture capital and angel investors from both US and China, such as IDG Ventures, ZhenFund, Innovalley, Zpark Capital, TEEC Angel, Cybernaut, etc to be our judge committee.

How to participate into New Venture Competition?

Any team with ideas that have significant social or technological values is welcome to participate. However, at least one member of each team must be a currently enrolled student. The competition will be divided into two processes. As for originality, each team is required to submit Executive Summary and a brief introduction (100-200 words) of the project by April 5th.(Executive Summary and introduction submission link: http://cmu-summit.org/index.php/en/competition/submission) When entering into the finalist, each team need to submit detailed Executive Plan and other supplementary materials by April 19th, and then prepare for the final presentation on April 26th. Considering this is the first time that our competition has invited teams from China, the organization committee have decided to support Chinese teams in the final with real-time video presentation.

Judging criteria and Awards

The judge committee will evaluate each business plan based on the criteria including originality, feasibility, market potentials, economic value, competitive advantage, etc. The top 3 teams will share cash awards of $10,000 in total. Additional $5,000, sponsored by Sinovator, will be awarded to outstanding teams based on their innovations in social and environmental issues.

It is an old Chinese saying that talent horses could be everywhere, while hardly to be recognized. We believe, rather than cash awards, the more appealing feature of our competition is to have opportunities to have one-to-one contact with entrepreneurship mentors. New Venture Competition of CMU Summit will be the right place to make entrepreneur's dream come true and we are keen in helping each start-up company to success in the future. 

Attached documents are the competition statement with detailed rules & timeline and New Venture Competition poster. You are also welcomed to go to http://cmu-summit.org/index.php/en/competition/rules for more information of CMU Summit. 

Best regards,

Kyle Gao

Vice President of the Chinese Students and Scholars Association at CMU

Director of 4th CMU Summit on US-China Innovation and Entrepreneurship

Cell: (412) 892-0599  | Email: kyle...@gmail.com

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