Group 1 - The 12th "Qingchuang Cup" Guangzhou Youth Innovation and Entrepreneurship Competition has officially launched, with a concurrent youth talent forum held in Guangzhou University Town [2][3] - The competition has been held for 11 consecutive years, collecting over 20,000 entrepreneurial projects and facilitating financing exceeding 1.5 billion yuan [2] - The competition is co-hosted by 27 organizations, with specific tracks for in-school students and non-students, and includes sub-competitions in various regions [3] Group 2 - The competition will adopt a "competition instead of evaluation" model for selecting youth innovation and entrepreneurship talents in the Guangdong-Hong Kong-Macao Greater Bay Area, with 50 talents to be recognized and supported [3] - Award-winning projects will be recommended for entry into the Guangzhou Hong Kong-Macao Youth Innovation and Entrepreneurship Service Center, receiving up to 2 years of rent-free support and various services [3] - The competition also aims to build a "Qingchuang Broker" team to provide guidance in company management, project evaluation, market consulting, and investment financing [4]