On September 29, 2016, the "2016 Taizhou Innovation and Entrepreneurship Competition" final and award ceremony was hosted by the Municipal Government, jointly organized by the Municipal Science and Technology Bureau, the Municipal Party Committee Propaganda Department, the Municipal Finance Bureau, and the Youth League Municipal Committee, and supported by Heyu Technology's small loan. held. Chang Shengmei, member of the Standing Committee of the Municipal Party Committee and Minister of Propaganda, attended and presented awards to the winners.

Since the competition was launched in May, it has attracted a total of 409 entrepreneurial teams and enterprises to sign up for the competition. In the end, after fierce competition, Taizhou Xinfei Optoelectronics Co., Ltd., Jiangsu Mole Biotechnology Co., Ltd., and the Explorer soil remediation team won the gold awards in the maker group, the enterprise group, and the team group.
Since the Taizhou Innovation and Entrepreneurship Competition was launched in 2013, it has been successfully held for four sessions. There are more than 1,000 entrepreneurial teams and enterprises that have signed up for the competition. The organizer uses the competition as a link to integrate innovation and entrepreneurship resources. It has become the largest, highest-level and most influential innovation and entrepreneurship event in the city.