The event, which has been held in the UK, the US, and Israel, serves as an important platform to promote Chengdu's climate for innovation and entrepreneurship, and to facilitate the cooperation between Chengdu and overseas startups and companies.

Eight projects involving such fields as electronic information, equipment manufacturing and new material, were presented in the final of the event in Russia. Ivariant, Webgears, and TAU Tracker won the top three places, and those who lead the projects will be invited to participate in a global innovation and entrepreneurship event in Chengdu next year.

"I think it's very significant to take part in the event, and share and exchange ideas with startups from Chengdu," said Alexander Pikulev, a representative from the Ivariant project. In his opinion, the event shows Chengdu has a great entrepreneurial atmosphere, and many Russian entrepreneurs pay a lot of attention to Chinese market. He hopes that he can bring his project into Chengdu and further explore the market there.