SEaB Energy is preparing to pitch its business ideas to investors in China, after winning the UK stage of an international business competition organised by the University of Central Lancashire (UCLan).

The China Innovation and Entrepreneurship Competition, now in its eighth year, offers UK SMEs the opportunity to receive financial and commercial support to help establish a business in China.

A group of 16 UK finalists faced a panel of judges at the Impact Hub in Westminster, with entries scored on originality of idea, innovation and investable potential.

Six teams were shortlisted and will now travel to Shenzhen in China in August to compete in the country’s national finals with the hope of accessing a share of approximately £200 million in funding from the Shenzhen Municipal Government and private pledges.

Find out more here.