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    China opens the era of "creation"

    NEWS

    China opens the era of "creation"

    • Categories:Media
    • Author:
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    • Time of issue:2015-10-22 15:52
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    (Summary description)According to data from the State Administration for Industry and Commerce, in the first three quarters of this year, there were 10.655 million newly registered market entities in the country with ...

    China opens the era of "creation"

    (Summary description)According to data from the State Administration for Industry and Commerce, in the first three quarters of this year, there were 10.655 million newly registered market entities in the country with ...

    • Categories:Media
    • Author:
    • Origin:
    • Time of issue:2015-10-22 15:52
    • Views:
    Information

    The fourth week of October 2015 was the first "National Innovation Week for Mass Entrepreneurship". China has been ignited by the passion for entrepreneurship and innovation. Entrepreneurship and innovation, from the niche to the masses, the spark of the stars gradually become a prairie trend. China has already begun to create a new era.

    According to data from the State Administration for Industry and Commerce, in the first three quarters of this year, there were 10.655 million newly registered market entities in the country with a registered capital (gold) of 20.7 trillion yuan, up 15.8% and 40.9% year-on-year respectively. Among them, 3.159 million newly registered enterprises, a year-on-year increase of 19.3%.

    "We are our own CEO!"

    "This is a better entrepreneurial era, and the entrepreneurial environment is vastly different from that of a dozen years ago."

    Yu Shuhuai, the "creator" who has passed away for years, sighed. He graduated from the Department of Automotive Engineering of Tsinghua University, and is currently engaged in the research and development and utilization of automotive electronic control big data. In 2000, Yu Shuhuai and his brother co-founded a company that developed automotive electronic control systems. This was still an "alternative" choice at the time, and industrial and commercial registration, financing, and recruitment were all carried out step by step.

    Entrepreneurship is hard, and income is unstable. In 2004, Yu Shuhuai started working in an automobile foreign company. In 2013, he once again developed the idea of ​​starting a business, taking the opportunity of "Internet +" to promote Internet monitoring of automobile energy saving and emission reduction. Relying on the Tsinghua Alumni Network, his project was settled in the Suzhou Automobile Research Institute of Tsinghua University and received nearly 30 million yuan of capital from Tsinghua Science Park Incubator and other social capital. Today, some of the technical standards of the automotive electronic control system developed by the Econtech company he established have not lost to the level of international companies.

    Unlike Yu Shuhuai, the path of young people's double creation after "85" started more smoothly: in the early days of returning to China to develop Face++ face recognition technology in 2011, he was awarded the angel of "Lenovo Star" angel investor Investment and professional guidance. In 2013, the team won the A round of investment in the "Innovation Workshop"; in 2014, it also received a US$44 million investment from multiple investment institutions.

    Compared with the "going to the sea" wave of the 1980s and 1990s, there are more and more technology companies among today's startups. Under the tide of "Internet +" and "smart manufacturing", more makers are digging into high and new technologies, continuously pushing China into the upper reaches of the global value chain. Take the Face++ face recognition technology developed by the Inci team as an example, with an accuracy of 97.27%, which defeated its counterparts in Silicon Valley and obtained a high score for the same period of the test worldwide.

    "We are our own CEOs!" More and more university graduates, overseas returnees, scientific researchers, and business executives have embarked on the road to entrepreneurship. The proportion of college students choosing to start a business increased from 2.8% in 2013 to 6.3% in 2015. In 2014, 15% of the 400,000 returned students chose to start a business.

    In China, entrepreneurship and innovation are becoming a new value orientation, lifestyle and atmosphere of the times.

    "Falling gold" is hard to dig

    At present, for mass entrepreneurship and innovation, many “pain points” such as financing difficulties, talent shortage, and land use difficulties still plague many entrepreneurs, especially startups.

    Li Xi of the "70s" is the founder of Beijing Heha Technology Co., Ltd., engaged in the development of human-machine natural interaction technology. He told reporters that although many banks have introduced preferential financing policies for technology companies, technology companies lack collateral and uncertain market prospects, making it difficult to obtain loans.

    Han Yusheng, CEO of Guangzhou Burning Stone Biological Technology Co., Ltd., nibbled at the "hard bones" of the genetic diagnosis of tumors. In his view, the application of gene technology is more promising, and the area where patients' needs are more urgent is cancer treatment. However, talents in related fields are currently in short supply both domestically and globally. The cost of finding and employing companies is very high.

    From the perspective of experts and scholars, China's "creation" era still needs to continue to exert efforts in some key links to make the flower of double creation last forever. On the one hand, the problems of financing and land use should be solved with more optimized policies and services. On the other hand, market-oriented mechanisms should be used to promote the establishment of the Makerspace and the “four crowds” platforms of crowdsourcing, crowdsourcing, crowdsourcing, and crowdfunding to truly solve the problems faced by startups.

    The National Development and Reform Commission will accelerate the construction of a mass entrepreneurship and innovation support platform, and vigorously promote the crowdfunding and crowdsourcing crowdfunding development; the Ministry of Science and Technology will improve the entrepreneurship incubation system to optimize the entrepreneurial environment; the Ministry of Education will deepen the reform of innovation and entrepreneurship education in colleges and universities, cultivate and cultivate the public A new force for entrepreneurship and innovation; the Ministry of Finance will actively play the role of finance to vigorously promote entrepreneurship and innovation, and invite makers to pay attention to the Ministry of Finance's website and keep abreast of good policies for taxation, loans and other aspects to help innovation and entrepreneurship.

    At present, the total scale of the National Emerging Industries Venture Capital Guidance Fund and the National SME Development Fund has reached 100 billion yuan. As of the end of March this year, my country's emerging industry venture capital plan has supported the establishment of 213 emerging industry venture capital funds, with a total scale of 57.4 billion yuan.

    There is no smooth road to success, and the process is reward. China's "arrogant" in the era of "creation" is starting a dream. (Xinhuanet)

    ---Information from Taicang Daily

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