Venture Week website unveiled
The Suzhou government on March 20 announced the launch of the registration platform (www.rcsz.gov.cn) 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.