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Sky’s the Limit: Asia Beat 2016 Gathers World’s Ingenious Minds

| Apr 07, 2016 09:53 PM EDT

The future is here: Visionaries, entrepreneurs and innovators gathered together for Asia Beat 2016 in Xiamen, Fujian Province.

When it comes to creativity, the human mind appears to know no boundaries.

The 2016 Asia Beat Xiamen saw the gathering of 80 teams from 15 countries, each with their own innovative ideas, proposals and pitches, according to the Asia Beat’s website.

Some of the participants came all over from Japan, South Korea, Indonesia, Singapore, Israel and the U.S.A.

An impressive 3,000 people attended the event held at the Tan KahKee Theater in Jimei District, Xiamen, on March 17-18.

Asia Beat said that it “intends to use Xiamen’s advantageous location in China’s southeast coast to the fullest, connecting Asia to a world audience in the exchange of innovation and entrepreneurship.”

Xiamen likely proved to the organizers and attendees that it’s the right place for Asia Beat.

“The city attracted domestic and overseas entrepreneurs thanks to its unique geographic advantage and entrepreneurial environment,” said Yao Jincheng, co-founder and chief executive officer of Atwork, reported China Daily.

According to the event’s website, 80 startups graced the event and 120 booths filled the venue.

From program directors to chief operating officers to CEOs, 50 speakers imparted their knowledge and shared their experiences and insights.

A total of 92 startups were pitched to 100 investors.

The top projects in the events, according to China Daily, were divided into the following:

1. business-to-business (B2B)
2. cross-border commerce
3. artificial intelligence, the Internet of Things (IoT), augmented reality (AR), virtual reality (VR)
4. financial technology or FinTech, blockchain

Chandashi, a team from China, won the $10,000 prize at the final round, reported Xiamen China.

Li Zhu, a co-founder of the Innovation Angel Funds and served as one of the judges of the road show, said that groups should have a “big” data analysis and meet user’s requirements, which are “two key requirements.”

“Chandashi happens to possess both of these two points,” Li said.

During the first Asia Beat in 2014 in Taipei, “77 institutional investors, 185 angel investors, 73 entrepreneurial teams and 42 domestic and foreign media” took part, according to the event’s website.

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