On May 18th, InnoSTARS San Francisco preliminary competition was successfully completed, offering an opportunity for 20 pre-selected early-stage technology companies to present their innovations and readiness for the China market. The competing companies presented innovations spanning a broad range of industries, including: Environmental Technology, Renewable Energy and New Materials, Information and Communication Technology, Artificial Intelligence and Augmented/Virtual Reality.
The six companies that secured invitations to the 2018 semi-finals in China this autumn are: Porifera (liquids separation), IsoTruss (building materials), Smart Wires (power grid), Mira (fertility tracking and analysis), Tachyum (next-gen processor), and VadR (virtual reality analytics).
InnoSTARS San Francisco judges included: Jim Hurd, Shawn He, Fengping Wu, Steve Markscheid, Cyril Ebersweiler, Michelle Ma, Vitaliy Gonchruk, Vadim Tarasov, and Yotam Ariel. Each technology company made 8-minute presentations, which were scored by judges on factors relating to China market potential, the team’s ability to execute in China, and overall China readiness.
Co-organizer John Robinson of Mandarin Environment observed, “There were a number of particularly strong entrants in the San Francisco preliminary, and of the six San Francisco companies going to China this autumn, I wouldn’t be surprised if one or two of them go deep into this competition, perhaps even winning the grand prize.”
ChinaSF’s Leanne Wang, who was also a host and co-organizer, commented, “The exceptional technology innovation found in the Bay Area was clearly evidenced at InnoSTARS San Francisco preliminary, and ChinaSF was honored to have the opportunity to support this important platform.”
Venue host Leo Hao of the Lingang International Innovation Center remarked “We are proud to have been chosen as venue partner for the InnoSTARS preliminary in San Francisco, and welcome opportunities to promote US-China business, technology, and investment platforms like InnoSTARS.
InnoSTARS competition, now in its 2nd year, was launched by US China Innovation Alliance, a Houston based nonprofit organization. It is the only national level platform that connects US-based innovators and companies with Chinese investors and partners. Along with the annual US China Innovation and Investment Summit, InnoSTARScompetition is a key collaboration initiative between the two countries as identified in the first US-China Social and Cultural Dialogue (SCD) in 2017.
San Francisco is one of a number of US cities hosting InnoSTARS preliminaries in 2018. Other cities include: Chicago, Denver, Houston, Atlanta, Boston, and Seattle. Each city’s judges score competing companies for China readiness, with the top scoring companies receiving invitations to compete in the semi-finals and finals in China in autumn 2018.