Winner of China-UK Entrepreneurship Challenge announced
11 July 2014
Elves Biotech have been crowned winner of this year's China-UK Entrepreneurship Challenge in the final which took place earlier this week.
final, which was held at the Bank of China’s head office, saw the four finalist
teams compete to win potential investment of £250,000 along with a cash prize
of £7,000, based on who had produced the best business plan.
The competition was decided by pitches to a judging panel including Ben Brabyn, chief operating officer at UKTI Innovation Gateway; Essex County Council head of international trade Peter Manning and Ashley Goodall, principal of Hybrid Communications and previously MD of Saatchi Design.
As well as pitches, the day also saw an address by the minister counsellor for science and technology at the Chinese embassy in London, Mr. Futao Chen.
by UCL in partnership with the universities of Lancaster and Edinburgh, as well
as the University of East Anglia and the Bank of China, the Challenge has seen
four teams compete to produce the best business idea which will promote
economic ties between the two countries.