The 2018 “Startup in Shanghai” International Innovation and Entrepreneurship Competition is being held in the city with 6,520 small and micro businesses taking part, a rise of 4.3 percent, the local scientific and technological commission said.

This year’s competition opened a section for Hong Kong firms for the first time, while its Taiwan section has been running for years.

Last year it set up an international section for foreign companies and individuals to join in.