It is im­pos­si­ble that ev­ery busi­ness starter will suc­ceed, but even failed busi­ness start­ing ex­pe­ri­ence is a trea­sure for one’s life,”

China Daily (Canada) - - FRONT PAGE -

vice gen­eral man­ager of Shang­hai Jichuang

terms of funds, place, mar­ket and peo­ple, and the only rea­son for a failed pro­ject is it is not good enough, added Fan.

A sur­vey to­wards 2,071 grad­u­at­ing se­nior stu­dents from 16 univer­si­ties and col­leges in Shang­hai showed 28.6 per­cent of them have plans of start­ing their own busi­ness af­ter grad­u­a­tion, lo­cal online news ser­vice provider The Pa­per re­ported.

“We have no­ticed most of the busi­ness starters are those born af­ter 1985. They do not have much ex­pe­ri­ence, re­source or cap­i­tal for a busi­ness, but they are full of in­spi­ra­tion and cre­ative ideas,” said Ma.

Cap­i­tal is the most vi­tal prob­lem for most busi­ness starters, but the ap­pear­ance of an­gel in­vestors means the golden age to start a busi­ness is about to ar­rive.

The do­mes­tic an­gel in­vest­ment mar­ket de­vel­oped slowly since it started in the 1980s, but such sit­u­a­tion has greatly im­proved this year. In the first quar­ter alone, 349 an­gel in­vest­ments were made in China, in­volv­ing about $260 mil­lion in cap­i­tal, in­creased by 93.9 per­cent and 214.2 per­cent year-on-year, the Xin­huanet.com re­ported.

In the process of build­ing a tech­no­log­i­cal in­no­va­tion cen­ter with global in­flu­ence, Shang­hai would need more open- minded tal­ent, and re­quire the gov­ern­ment tap­ping into the In­ter­net plus era by in­no­vat­ing its man­age­ment mode, and to build up an en­vi­ron­ment for var­i­ous peo­ple to start their own busi­ness with in­no­va­tion.

“I was strug­gling to start my own busi­ness back in 2010 and 2013. Dur­ing that time, it was ex­tremely hard to find in­vest­ment or any sup­port ser­vice through in­cu­ba­tor or­ga­ni­za­tions,” Li said.

“My busi­ness did not suc­ceed, but the busi­ness starters at the mo­ment are much luck­ier than me,” Li added.

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