The 9th OTEC Global Entrepreneurship Competition was held on July 27, 2021, with live-conferencing from three locations: Singapore (the Asia Pacific session), Berlin (the Germany session), and Beijing (the Hong Kong, Macau, and Taiwan session).
Among the 24 shortlisted teams competing at this semi-final round, the three winning teams of their respective sessions will compete with other winning teams from other sessions at the grand finale. The winning teams are 8Chili Inc from the Asia-Pacific region; MXC-MatchX from the Germany session; and IPification from the Hong Kong, Macau, and Taiwan session.
The judging panels consist of a select group of VC representatives such as Gobi Partners, Cherubic Ventures, Plum Ventures, Kairous Capital, ZGC Group, CYZone, Vesalius Biocapital, Dachina Interchange Management, Headline Asia, and Plug and Play. The scoring criteria of this competition are based on project value, market potential, business and operations, team capabilities, and industry relevance.