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City lures potential entrepreneurs

THE first SORSA Overseas Returnees Entrepreneurship Lecture was held last week to help overseas Chinese who intend to return to China and start their own business.

The Shanghai Overseas Returned Scholars Association, an NG0 with about 7,000 members including 300 from overseas, launched the training session for the first time at Shibei High-Tech Park. Nearly 100 people participated.

"We strive to help overseas returnees realize their entrepreneurship dream by solving their confusion," said Sheng Huanye, the association's executive vice president.

The five-day class included lessons by government officials about favorable policies to encourage entrepreneurship, meeting successful entrepreneurs and field trips to local high-tech parks, which are home to many start-ups.

"The training provided me with guidance in choosing my starting field," said Xu Bo, one student from the United States.

Xu said he very much enjoyed the industry development and information lecture by Chi Hong, deputy director of the Shanghai Development and Reform Commission.

Chi introduced the industries which have great development potential in the future and are likely to win government subsidies and favorable policies.

He encouraged students to dedicate themselves to the development of batteries and new-energy automobile engines, software for the smart grid and censors for the Internet of Things.

Officials from the Shanghai Human Resources and Social Security Bureau also introduced the city's policies to lure overseas Chinese back to start up their own business in Shanghai.

Many students said that they had learnt a lot in the class and would also pass on the information to friends overseas.

Moreover, the training session also worked to resolve a lack of funds as 10 venture capital firms were invited to evaluate students' business proposals.

Some proposals, including one about repairing polluted areas, aroused the interest of venture capital firms, according to the association.

SORSA plans to host the entrepreneurship lectures annually and invite overseas Chinese to apply via local overseas Chinese organizations.

The association also works to promote unity among scholars living in and outside China, fostering friendship among them and carrying out academic and information exchanges.


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