NewInitiativeAimstoBoostInnovationandEntrepreneurshipinChina
GovernmentLaunchesEntrepreneurshipSupportProgram
TheChinesegovernmenthaslaunchedanewinitiativeaimedatboostinginnovationandentrepreneurshipinthecountry.TheEntrepreneurshipSupportProgramwillprovidefinancialsupport,training,andresourcesforstart-upsandsmallbusinessesinChina.Theprogramispartofthegovernment'sbroadereffortstotransitionChina'seconomyfrombeingdrivenbyexportsandinvestment,tobeingdrivenbyinnovationanddomesticconsumption.
TrainingandResourcestoHelpStart-upsSucceed
Aspartofthenewprogram,thegovernmentwillprovidetrainingandresourcestohelpentrepreneursstartandgrowtheirbusinesses.Theinitiativewillsupportstart-upsinawiderangeofindustriesincludingtechnology,greenenergy,biotechnology,andhealthcare.Thegovernmentwillalsoprovidefundingtohelpstart-upsovercomethechallengesoflaunchingnewbusinesses,suchashiringemployeesandsecuringofficespace.
CollaboratingwithUniversitiesandIndustryPartners
Inadditiontoprovidingfinancialsupportandtrainingtostart-ups,theChinesegovernmentisalsopartneringwithuniversitiesandindustryorganizationstopromoteentrepreneurshipinthecountry.Thegovernmentisworkingwithuniversitiestodevelopentrepreneurshipprogramsandtoprovidementoringandsupporttoaspiringentrepreneurs.Industryorganizationsarealsopartneringwiththegovernmenttohelpconnectentrepreneurswithpotentialinvestorsandcustomers,aswellastoprovideaccesstobusinessnetworksandotherresources.
ThenewEntrepreneurshipSupportProgramispartofChina'sbroadereffortstofosteranenvironmentthatencouragesinnovationandentrepreneurship.Byprovidingentrepreneurswiththetraining,resources,andfinancialsupporttheyneedtosucceed,thegovernmenthopestosparkanewwaveofinnovationandeconomicgrowthinthecountry.WithChinaalreadyseeingasurgeinstart-upsandentrepreneurialactivityinrecentyears,thegovernment'snewinitiativeislikelytobewelcomedbyentrepreneursacrossthecountry.