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March 30, 2011

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Spirit of innovation to live on

THE Chinese government and universities will continue to foster innovation and entrepreneurship among domestic college students after a 1.6 billion yuan (US$2.44 million) fund was set up last year to encourage them to start up their own firms, officials said at the Global Entrepreneurship Congress yesterday in Shanghai.

"Domestic universities have put a lot of emphasis on fostering college students' innovative spirit and skills in recent years," China's Minister of Science and Technology Wan Gang said.

"In the next step, we will improve the policies to reduce the risks and costs of college students' start-ups," he said in his opening speech at the congress, a three-day event held in Shanghai for the first time.

About 109,000 people started their own enterprises last year, a big increase over previous years, but no comparative figure was given.

A website to promote entrepreneurship among college students and a training base to help them start up their own business were launched in Shanghai yesterday. The training base will help students with strong ideas to set up their own enterprises and to learn from successful businessmen about basic entrepreneurship skills.




 

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