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Twenty start-ups from around the world are competing for the $1 million Shengjing Global Innovation Award, and the potential for venture capitalists and incubators to invest in their companies.

Three start-ups from Israel as well as tech firms from the US, Latin America, Europe and China will vie for the prize being awarded by Shengjing360, a Chinese training and consulting group.

Image: Global Innovation Awards partners at an event in Tel Aviv on February 2. 2014. (L to R): Steven Katz, EMC Ventures; Xueling Cao, Director, Shengjing Group and Shengjing Fund of Funds; Sherrie Wang, Senior Partner at Shengjing Group and Shengjing Fund of Funds; Tamir Huberman, Yissum (Hebrew University); Kobi Rozengarten, Managing Partner, JVP; Yoav Tzruya, Partner, JVP; Maya Netser, HFN; and Hanan Haviv, Partner HFN (Photo credit: Benny Doutsh) Read more: Start-ups to vie for $1 million China innovation prize | The Times of Israel http://www.timesofisrael.com/start-ups-to-vie-for-1-million-china-innovation-prize/#ixzz3QoFVsUNH Follow us: @timesofisrael on Twitter | timesofisrael on Facebook