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Student entrepreneurs make a major impact
By Xu Wenwen |
February 16, 2012, Thursday
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Print Edition
Print Edition
FIVE percent of Hangzhou college students start their own business and almost two thirds of them succeed, a recent report indicates.
The report was released by the Hangzhou municipal government, Hangzhou College Student Start-up Association, Hangzhou Industrial and Commercial Bureau and Zhejiang Gongshang University.
Last month's statistics also show the success ratio of these start-ups is much higher than the national average, which is less than 10 percent. So far, there are 4,560 businesses around the city run by college students or graduates. These businesses have created nearly 20,000 jobs.
Li Haixing, 27, from Hebei Province is a postgraduate student and also the CEO of a company that produces multi-functional power-driven wheelchairs.
The wheelchair won Li and his team a special-class award at the Hangzhou Saibo Venture Competition. They were given 200,000 yuan (US$31,755) from Saibo Entrepreneur Workshop to start producing the wheelchairs.
The competition has now been held twice.
It has helped 79 ventures run by college students or recent graduates settle in the city.
"I choose Hangzhou, not my hometown, to run my business because of the preferential policies as well as the good financing environment," Li says.
In 2008, Hangzhou initiated a program to help college students start business.
The program includes attractive incentives, good financing options and guidance from successful entrepreneurs.
Hangzhou has provided about 34 million yuan in financing to more than 600 young entrepreneurswho are in college or who have recently graduated.
The report was released by the Hangzhou municipal government, Hangzhou College Student Start-up Association, Hangzhou Industrial and Commercial Bureau and Zhejiang Gongshang University.
Last month's statistics also show the success ratio of these start-ups is much higher than the national average, which is less than 10 percent. So far, there are 4,560 businesses around the city run by college students or graduates. These businesses have created nearly 20,000 jobs.
Li Haixing, 27, from Hebei Province is a postgraduate student and also the CEO of a company that produces multi-functional power-driven wheelchairs.
The wheelchair won Li and his team a special-class award at the Hangzhou Saibo Venture Competition. They were given 200,000 yuan (US$31,755) from Saibo Entrepreneur Workshop to start producing the wheelchairs.
The competition has now been held twice.
It has helped 79 ventures run by college students or recent graduates settle in the city.
"I choose Hangzhou, not my hometown, to run my business because of the preferential policies as well as the good financing environment," Li says.
In 2008, Hangzhou initiated a program to help college students start business.
The program includes attractive incentives, good financing options and guidance from successful entrepreneurs.
Hangzhou has provided about 34 million yuan in financing to more than 600 young entrepreneurswho are in college or who have recently graduated.
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