The second "Chuyun Cup" Innovation and Entrepreneurship Competition commenced in Guangzhou's Baiyun district on July 2, calling for high-quality new-type energy storage innovation projects worldwide.

Leveraging national-level innovation platforms in the district like the National Innovative Energy Storage Innovation Center, the competition adopts an upgraded "scenario opening and technical empowerment" model, introducing five new tracks covering cutting-edge energy storage technologies, digital and intelligent power systems, power electronics and system integration, safety equipment and systems, and the full hydrogen energy industrial chain.

The competition commences in Baiyun. [Photo/WeChat account: gz_baiyunfabu]

Participants are categorized as either enterprises or teams. The lead applicant is generally required to have a doctoral degree, though outstanding projects may qualify with a master's degree. The competition has established two additional domestic branch sites in Beijing and Hangzhou, as well as an overseas branch in Munich, Germany, to facilitate the two-way flow of global innovation resources.

Outstanding projects selected for implementation will receive an initial startup funding of 300,000 yuan ($44,140), with an additional 2 million yuan in special support available upon meeting assessment criteria after one year of operation.