Startups honored as entrepreneurship week starts
Print Edition
A DOZEN local startup companies won Shanghai鈥檚 entrepreneurship awards yesterday, marking the start of the city鈥檚 annual entrepreneurship week which focuses on carbon reduction this year.
The startups, supported by the city government-backed Shanghai Technology Entrepreneurship Foundation for Graduates, were honored at the start of the 15th Global Entrepreneurship Week China at the former site of China鈥檚 earliest cotton mill machine factory along the Huangpu River in Yangpu District.
Winners included Encoo, which focuses on the development of robotic process automation, and MicroThing, which offers shared cars and parking slots.
Thirty angel investors who offered the biggest financial contributions to graduate entrepreneurs were also presented with awards.
More than 1,000 entrepreneurs and investors will attend over 50 forums, project roadshows and negotiating meetings during the six-day entrepreneurship week to help startup projects attract investment.
As a highlight, a 鈥淐arbon Neutrality Day鈥 will be launched to gather startup projects in the environmental protection and carbon reduction sectors.
China is striving for peak carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060. Shanghai aims to peak carbon dioxide emissions by 2025, five years earlier.
The foundation has sponsored over 3,000 startup projects since its establishment in 2006, with investment from individuals and companies. It has received a total of 12,043 applications from graduates for their startup projects during the past decade. Of them, 3,419 have been chosen and sponsored, according to the foundation. It has helped create over 30,000 job opportunities.
Many local startups, such as food delivery company Ele.me, laboratory equipment and reagent supplier Titan Technology, and mobile phone recovery platform Aihuishou, received their initial investment from the foundation.
The event is being held at the Shanghai International Fashion Center, the largest textile and fashion park in Asia. The site was renovated from the Shanghai No. 17 General Cotton Mill, which dates back more than eight decades.
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