March 21, 2025
    Advanced Search 
  Home>News Center>Life
         
 

Students seek path to biz fortunes
(China Daily)
Updated: 2004-11-08 08:41

Twenty-seven business plans entered in during the Fourth "Challenge Cup" National Entrepreneurship Competition for College Students have already been scooped up by venture capitalists who may want to develop the ideas.

The competition kicked off yesterday in Xiamen University in East China's Fujian Province, which will last three days.

It is sponsored by the Ministry of Education, the Central Committee of Communist Youth League, China Association of Science and Technology, the National Union of Students and co-organized by Xiamen University and Xiamen municipal government.

Winning teams from Hong Kong, Macao and Taiwan joined the competition for the first time as guest contestants and observers.

Entrants are scored in two parts: Plans on paper and closed-door competitive interviews.

Forty entrepreneurs, venture capitalists and other professionals are involved in evaluating the 100 plans from 77 colleges across China.

Plans are compared on their market potential, feasibility and the team's ability to successfully execute their business ideas.

The plans represent a wide-ranging spectrum from electronic, mechanical and medical products to the service industry.

Entrants focus on energy sources, environment and rural issues in China, according to the organizers.

The competition is designed to bring out the innovative and entrepreneurial spirit of college students.

Students are encouraged to turn technology and ideas into businesses.

In turn, potential job seekers become job creators, which is "of significance for rapidly expanding higher education," as Professor Wu Shinong, vice-president of Xiamen University put it.

Since the first national entrepreneurship competition was launched in 1999 at Tsinghua University, which yielded promising firms like Fanso, Shimeile and Sotrip, China has witnessed an upsurge in business exploration around Chinese campuses.

Fanso attracted an investment of 6 million yuan (US$722,000) from Shanghai Pudong Technology Innovation Investment Company while Shimeile received venture capital of 52.5 million yuan (US$6.3 million) from Shanghai NO.1 Department Store Corporation.

During the third competition hosted by Zhejiang University in 2002, 10 out of the 60 final teams ended with contractual investment of 93.3 million yuan (US$11 million) in total.

However, "the amount of invested capital alone is not to state the value of this competition," said Professor Wu Shinong, also vice-director of the judging panel.

According to reports in the United States, only 10 out of 1,000 business plans receive venture capital and they see a still lower success rate at just 5 per cent to 8 per cent in entering business.

Wu points out that the competition serves more as a drive to quality education and technology advancement.

One member from Taiwan said the competition provides incentives to pursue study and to involve faculty and fellow students.

Multidisciplinary combinations of competitive teams greatly enhance the communication of students.



Hugh Grant signals end to acting career
Model Claudia Schiffer gives birth
Diaz, Timberlake defend paparazzi fracas
  Today's Top News     Top Life News
 

Nation likely to be 3rd largest trading power

 

   
 

Nutritional imbalance plagues people

 

   
 

Mine blast kills 33, injures 6 in Henan

 

   
 

Coal mining: Most deadly job in China

 

   
 

Shen and Zhao win Cup of China

 

   
 

Consumer price remains stable in October

 

   
  Unforced unemployment a trend
   
  Self-destructing DVDs to reach more people
   
  Nintendo set to launch new game system
   
  PC games, cartoons to enter classrooms
   
  '9/ll Commission Report' moves closer to TV
   
  'The Rape of Nanking' female author commited suicide
   
 
  Go to Another Section  
 
 
  Story Tools  
 
Font Large Medium Small
E-Mail This Story
Print Friendly Format
Comment On This Story
Save This Story
 
  Related Stories  
   
University students say money's easy come, easy go
   
Pressure on students causes social problems
   
College graduates lower sights in jobs competition
  Feature  
  Xu Wei: Every minute is fresh  
Advertisement
         

| Home | News | Business | Living in China | Forum | E-Papers | Weather |

| About China Daily | About China Daily.com.cn | Contact Us | Site Map | Jobs |
 Copyright 2005 Chinadaily.com.cn All rights reserved. Registered Number: 20100000002731
主站蜘蛛池模板: 一区二区三区中文字幕| 亚洲国产成人精品青青草原| 中文字幕亚洲乱码熟女一区二区| 精品999久久久久久中文字幕| 国产色诱视频在线观看| 与子乱刺激对白在线播放| 欧美精品亚洲精品日韩专区| 国产在线激情视频| 1819sextub欧美中国| 在线视频免费观看www动漫| 久久青青草原精品影院| 欧美日韩精品一区二区在线播放| 国产乱人伦真实精品视频| a级国产乱理伦片| 日韩精品欧美国产精品忘忧草 | 伊人精品视频一区二区三区| 免费观看黄色的网站| 巨大一下一寸挤进校花| 亚洲人成电影院| 精品无码国产AV一区二区三区| 国产精品国产福利国产秒拍| 99爱在线精品免费观看| 女人18毛片a级毛片免费| 久久婷婷五月综合97色| 激情五月亚洲色图| 国产aⅴ激情无码久久久无码 | 丰满少妇弄高潮了www| 日本无遮挡漫画| 久久精品国产99久久久| 波多野结衣在线观看免费区| 国产一区二区久久精品| 8888四色奇米在线观看免费看| 成年男女免费视频网站| 久久人爽人人爽人人片av| 日韩精品人妻系列无码av东京| 亚洲H在线播放在线观看H| 漂亮华裔美眉跪着吃大洋全集| 八戒八戒神马影院在线观看4| 九九影院理论片在线观看一级| 国产精品福利一区二区| 两个人看的www免费|