Hosted by the University of East Anglia, Lancaster University, UCL and Bank of China, the final of China UK Entrepreneurship Competition took place in the afternoon of 9th of July in London. Four UK’s business teams compete to produce the best idea for a venture that promotes business ties between the two nations. Boxbio from Oxford University won the competition. They created multi-functional vegetable tablet with their own patented formula and compound process, this tablet can trigger the repair of human immune system.

The competition aims to encourage new commercial relationships between China and the UK and is intended to simulate the real-world process of entrepreneurs soliciting start-up funds from early-stage investors and venture capital firms. It is open to university teams in the UK and China and existing businesses.

The finalists were selected from more than 100 entries, they presented their ideas and business plans to a panel of five judges, using a Dragon’s Den-style presentation and discussion format. The judging panel includes five influential UK figures, they are Mr. James Stewart, Managing Partner of Menlo Partners LLP and a private equity expert, Prof Raphael Markellos, director of research for Norwich Business School, Dame Ruth Silver DBE, Chair of the Learning and Skills Improvement Service, Prof. David Brown, Director of Lancaster University China Management Centre, and Mr. Ashley Goodall, Marketing Director of Propeller TV, a Sky TV Channel.