Chinese money behind new ‘Dragon’s Den’-style competition in Vancouver

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Vancouver’s entrepreneurs are getting a new injection of potential investors from China. Istuary Innovation, a group that connects Asian investors with entrepreneurs in North America through a series of “Innovation Labs,” recently launched a Dragons’ Den-style competition locally, with the winner receiving $50,000 toward his or her business. To date, about 60 teams have applied for the competition. he competition, which is still accepting applications, is part of Istuary’s concept to boost Canada’s limited investment pool for start-ups at the same time it addresses China’s lack of innovative technology. While the winner is not obliged to take their product to Asia, many applicants look at Istuary’s Chinese connection as a major reason for participating.

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