Big data competition for grassroots companies

The Guiyang Grassroots Big Data Innovation Competition, which aims to use big data to push government reform and raise people's living standards, was formally started in Beijing on March 3.

The project is to collect innovative ideas and apps in relation to application of big data from grassroots enterprises nationwide. The competition will be divided into two parts: the stage of ideas and apps competition and that of commercial application of those ideas.

Those good ideas and apps will be selected and shown at the upcoming international big data industry exhibition, which will be held in Guiyang in May.

Financial supports are available for those top 100 innovative ideas, which will be chosen by judging panels. Angel investment and venture capital will be introduced to the competition to give startups capital support.

The Guiyang government will also provide supports to projects with promising market potentials. The government may help them gain access to bank loans, relevant information and local market.