The national university student micro-entrepreneurship initiative, which has funded dozens of projects over the past decade, has given Zhang Xueying a big boost to her business, and more young people are expected to take advantage of the program this year. I am.
“When we started the project a few years ago, we only had the idea of developing a product, without considering how the product would be brought to market,” said Zhang, who was a university student at the time. Told.
After receiving funding in 2018, Mr. Zhang, co-founder of Shenzhen Starseek Technology Co., Ltd., which uses digital technology to create designs for consumers and the city’s cultural tourism scene, refined his business model and We were able to expand globally.
Over the years, 470 projects created by university students have received funding since the MicroEntrepreneurship Action Plan, organized by KAB Club (China), was launched in 2014.
A total of 120 student startup projects were awarded to 50 out of 1,000 student startup projects submitted by students from 262 universities this year alone, according to figures announced at an event held Thursday at South China University of Technology in the capital Guangzhou. The award amounted to 10,000 yuan ($166,000). Guangdong province.
The event was organized by KAB Club (China), China Youth Daily and GF Securities Social Charity Foundation to promote the achievements of micro-entrepreneurship initiatives and promote small and medium-sized enterprises in the fields of scientific and technological innovation, rural revitalization and rural area revitalization. It was held to promote scale student business. sustainable development.
Four of the funded projects are from universities based in Guangdong province, an economic powerhouse in southern China.
According to event organizers, the initiative is a platform for students to connect with venture capital institutions, conduct roadshows, and showcase their projects through activities such as project calls, microentrepreneurship lectures, and project exhibitions. It has been helpful in building the.
Organizers said the initiative laid the foundation for establishing a micro-entrepreneurship ecosystem for university students, including creative incubation, project mentorship and investment connections.
According to Dong Shi, editor-in-chief of China Youth News, the program fosters a vibrant culture of innovation and entrepreneurship on campus, promotes students’ hands-on entrepreneurship experience, and encourages collaboration between academia and industry. It has been a great success in promoting collaborative innovation.
“We have also hosted a series of international youth exchange activities and actively promoted China’s important achievements in innovation and entrepreneurship to the international community,” Dong said.
“We will continue to leverage capital market resources to build an investor matching platform for student startups,” said Zhou Xitai, director of GF Securities Social Charity Foundation.
According to a report on microentrepreneurship action projects presented during the event, most of the projects that received funding addressed technological innovation.
“Among all the projects, technology products and services were the most notable, reflecting the university student entrepreneurial team’s active response to the national call for the development of new high-quality productive forces,” said Ge Jianxin, a professor at the Central University of Finance and Economics.
In addition, the report says that actively promoting comprehensive rural revitalization and developing agricultural and green economies are also important focus areas for students’ innovation and entrepreneurship.
