Ven­ture Week web­site un­veiled

China Daily (Canada) - - SHANGHAI - By WU YIYAO in Shang­hai


The Suzhou gov­ern­ment on March 20 an­nounced the launch of the reg­is­tra­tion plat­form ( for the up­com­ing 8th Ven­ture Week for In­ter­na­tional Elites, which will be held from July 10 to 12.

The three-day event is one of the city’s an­nual pro­grams aimed at at­tract­ing global tal­ents and in­no­va­tive projects to up­grade the city’s eco­nomic growth pat­terns and en­cour­age en­trepreneur­ship. Bud­ding en­trepreneurs can make use of this event to ini­ti­ate dis­cus­sions with in­vestors over their start-up pro­pos­als and gather in­sights from mar­ket ex­perts and po­ten­tial part­ners.

Var­i­ous ac­tiv­i­ties will take place dur­ing Ven­ture Week, in­clud­ing fo­rum ses­sions, on­site in­ves­tiga­tive tours, road shows and an en­trepreneur­ship con­test. Ven­ture Week has since its in­cep­tion in 2009 be­come a high-end tal­ent re­cruit­ment plat­form that has at­tracted 2,318 new projects with a com­bined reg­is­tered cap­i­tal of 18.6 bil­lion yuan ($2.86 bil­lion).

“The wide range of events on the agenda gives peo­ple op­por­tu­ni­ties to ex­plore and un­der­stand the ser­vices and fa­vor­able poli­cies in Suzhou that sup­port en­trepreneur­ship and in­no­va­tion,” said Cheng Guo­hua, head of Suzhou Hu­man Re­sources and So­cial Se­cu­rity Au­thor­i­ties.

Suzhou, Jiangsu prov­ince is one of the cities in East China with the fastest eco­nomic growth and it has achieved this by lever­ag­ing hu­man re­sources and the devel­op­ment of high­tech and high value-added in­dus­tries. De­spite ac­count­ing for just 0.46 per­cent of China’s pop­u­la­tion, Suzhou had con­trib­uted 2.3 per­cent to the coun­try’s gross do­mes­tic prod­uct and 9.1 per­cent of the to­tal gross ex­port in 2015.

As of the end of last year, 88 tal­ents from across the globe who have been in­cluded in China’s Re­cruit­ment of Global Ex­perts ini­tia­tive — also known as the Thou­sand Tal­ents Plan — have cho­sen to set­tle in Suzhou. One such in­di­vid­ual is Ren Hui, who in 2011 par­tic­i­pated in Ven­ture Week and soon af­ter founded Beaver Nano-Tech (Suzhou) with a group of com­pa­tri­ots from the US Mas­sachusetts In­sti­tute of Tech­nol­ogy.

En­ter­prises that spe­cial­ize in the com­mer­cial­iza­tion of life sciences and nano­ma­te­ri­als of­ten find Suzhou to be an ideal place to set­tle be­cause of the trans­par­ent pol­icy en­vi­ron­ment, sound pub­lic ser­vices and the pres­ence of an in­dus­trial park called BioBay that is catered to this spe­cific sec­tor. Ren said that one of the big­gest ben­e­fits that BioBay of­fers is con­ve­nient ac­cess to clients and part­ners, thanks to sup­ply and value chains es­tab­lished by the 300 en­ter­prises within the park.

The Suzhou gov­ern­ment had in March said that the city is in dire need of top tal­ents, par­tic­u­larly those who own in­de­pen­dent in­tel­lec­tual prop­erty rights and those who have worked in ma­jor sci­en­tific re­search projects. It added that such tal­ents are most re­quired in emerg­ing sec­tors such as new energy, ad­vanced ma­te­ri­als, nan­otech­nol­ogy, phar­ma­ceu­ti­cal and biotech­nol­ogy, mod­ern equip­ment man­u­fac­tur­ing, fi­nan­cial ser­vices and cre­ative cul­tural in­dus­tries.

In or­der to at­tract tal­ent, the au­thor­i­ties have in re­cent years strength­ened ef­forts to pro­tect in­tel­lec­tual prop­erty rights and im­proved pub­lic ser­vices by pro­vid­ing bilin­gual ed­u­ca­tion fa­cil­i­ties, med­i­cal ser­vices and en­ter­tain­ment spa­ces.­cyz

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