Press Release – 2021 October
STOR-H Tech wins first prize in 2021 Sino-Swiss Business Incubation Competition!
The 2021 Sino-Swiss Business Incubation Competition (SSBICom) was held in August at the 2021 Smart China Expo (SCE) in Chongqing, China. Out of 100 companies, STOR- H Technologies was awarded the first prize in the Smart Manufacturing category for its innovative and sustainable hydrogen-based mobility solution.
Supported by the Municipal Government of Chongqing, 2021 SSBICom is organised by the China International Smart China Expo Committee, Chongqing Liangjiang New Area Administrative Committee, Chongqing Academy of Science and Technology, Fenshare Holding Co, and the Chongqing SinoSwiss TechnoPark.
As an international business development incubation program, SSBICom provides an attractive, effective, high reward/low risk option for international business development. Its objectives are to support the development of knowledge and business networks, to ensure that incubatees get the resources, services, and assistance they need for effective China market access, and to allow graduates to reduce risks and set up costs for subsequent China market penetration.
Since 2018, SSBICom identifies innovative Swiss-based companies and start-ups that have the unique potential to grow in the Chinese market. STOR-H’s hydrogen solution, with its revolutionary and safe hydrogen storage technology, agile digital distribution network, wide application vehicle catalog and “All-in-One” service, is not only disruptive in terms of product and technology breakthroughs, but is also a bright prospect for future applications in the urban mobility industry.
With cutting-edge technology and an innovative business model, STOR-H is recognized by SSBICom as a promising solution for sustainable mobility, economic viability, scalability and zero carbon cities. After a rigorous selection process, the STOR-H solution won the first prize in the Smart Manufacturing category.
STOR-H will be rewarded with a valuable China market entrance package: the access to funding and financing opportunities from Fenshare and other Chinese investors; free local office space; facilitated market access with strategic partnerships introduced through Fenshare’s well established business network.
STOR-H’s award reflects not only the trust and support of the SSBICom judges and organizers for STOR-H’s innovative solutions, but also the importance that the Chinese government attaches to the green transportation sector and the unmet need for innovation in hydrogen mobility applications. With the help of this platform, STOR-H is looking forward to developing more cooperation opportunities, and has achieved closer ties with relevant Chinese enterprises, institutions and local governments.