More and more Chinese entrepreneurs are trying to improve their chances of
More and more Chinese entrepreneurs are trying to improve their chances of sparking something new by attending training programs at top US universities, as innovation becomes their top priority.
“A healthy and sustainable innovation ecosystem will be the most conducive thing to developing businesses,” according to 28 entrepreneurs from China’s coastal province Jiangsu who just finished a 19-day session at Stanford University.
China now has an increasing number of government initiatives to support innovation and Jiangsu is one Chinese province where policy makers are gearing up to lead the country’s national drive for innovation.
Within four months, the coastal province has sent three delegations of government officials and business executives to US universities for short-term training in innovation in entrepreneurship and technology.
In addition to the recent training program at Stanford, delegations studied at UC-Berkeley in June, and another will go to Harvard in September.
A survey released earlier this year by the China Entrepreneurs Survey System found that 92 percent of respondents believe innovation in entrepreneurship and technology will be the key to supporting healthy and sustainable business development and the nation’s transition from a fast-growing economy to one focused on both quality and quantity.
Meanwhile, the US, as the tech hub sparking startups and innovation and having the best universities in the world, could be playing a bigger role in helping China to incorporate innovation into its industrial transformation.
No one else understands the Chinese business environment better than the entrepreneurs themselves. For the US universities to create a meaningful training program, they need to constantly struggle to strike the perfect balance between being relevant and providing out-of-the-box thinking.
The dean said this is particularly conducive to something such as innovation, where it’s all about understanding how to take advantage of the unknown unknown.
Source China Daily USA