Interviews underway for 2018 China Venture Workshop!
By MIT-CFC•26 Mar, 2018
Applicants for the upcoming Workshop are now presenting their ideas in interviews with the Lab, and the 2018 cohort of startups will soon be finalized.
Preparations are underway for the upcoming 2018 China Venture Workshop, in anticipation of a great event that will bring together numerous startups, investors, and resources to address issues of urbanization in China. At the China Future City Lab (CFC Lab), judges have been hosting interview sessions with the 17 short-listed applicant teams. Chosen from a long list of potential finalists, these teams represent the considerable technical skill and spirit of ingenuity within the MIT community, and are working on a wide range of entrepreneurial projects that address issues ranging from senior care to renewable energy.
"For this, our first year of the program, we received 25 high-quality submissions from across the institute," said the Lab's Executive Director, Zhengzhen Tan. "Most of those applications demonstrate creativity and the promise of an innovative urban venture, and strong determination to launch that venture in Chinese cities."
After submitting written proposal materials on the Future China Innovation Connector's (FCIC) application website, the teams are given 15-20 minutes to make their pitch at the CFC Lab office. The teams present their idea, as well as take questions from FCIC's judges. The judges include CFC Lab personnel, MIT faculty, Chinese industry partners, and other MIT-affiliated leaders in entrepreneurship and innovation. According to Tan, "Our review committee includes both internal MIT reviewers and CFC Lab’s Chinese industry partners, assessing the product's viability in the Chinese market and its pilot potential at various test sites." The written proposals and interviews are assessed on the basis of team competencies, product readiness, urban impact, market suitability, and pilot potential, and other criteria.
After interviews have been completed and the judges have finished reviewing proposals, about 10 startups will be selected for the Workshop, and will participate in special trainings, lectures, and a capstone trip to several cities in China.