‘Global Powerhouse’ Business Competition with Ties to China now in Toronto


An international business competition known as the "Global Olympics of Innovation" was in Toronto for the first time this past weekend.

Toronto hosted a regional round of the the China (Shenzhen) Innovation and Entrepreneurship International Competition at city hall on Saturday.

At the competition, which was initiated by the city of Shenzhen in China, entrepreneurial companies in Canada can compete for prize money of up to $240,000, according to a news release. They also have the chance to win Chinese government grants, access to venture capital, and office space in Shenzhen.

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