Multipronged approach to success
Beijing’s “mass entrepreneurship and innovation” campaign focuses on five key areas:
• Developing cuttingedge technologies, led by artificial intelligence, which will give rise to a new wave of mass entrepreneurship
Associated projects, which apply and industrialize original frontier or disruptive technologies, have increased significantly.
About 45 percent of startups based in Beijing have centered on new areas such as AI, big data, intelligent healthcare and robots.
• Increasing the amount of knowledgebased entrepreneurship, entrepreneurship among young people and serial entrepreneurship
About 49 percent of entrepreneurs are former executives or technicians in major companies. Researchers, college teachers, doctorate holders and college students make up the rest.
Members of the younger generation have become entrepreneurial mainstays, with 39 percent of all entrepreneurs born in the 1980s and 11 percent born in the 1990s.
• Integrating technology with entrepreneurial business models and making this part of the mainstream
Solutions-based entrepreneurship is becoming a new standard in China, with the information technology, healthcare and education industries adopting crossdisciplinary integration of mass entrepreneurship and innovation, thus helping
to improve the quality and efficiency of manufacturing and public services.
To date, 27 sites within Zhongguancun have been selected as core technology incubator platforms.
• Better organizing innovation and entrepreneurship to focus on the transformation of scientific findings
A total of 191 innovative incubators have been established in the Zhongguancun Demonstration Area, of which 54 are at the national level.
The incubators, covering a total area of 1.67 million square meters, support the growth of 4,641 budding entrepreneurs.
To date, 7,442 startups have graduated from these incubators.
Research institutes such as Peking University, Tsinghua University and the Chinese Academy of Sciences have founded dedicated teams to promote the commercialization of their research achievements.
• Growing global entrepreneurship and innovation
As innovation and entrepreneurship internationalizes, global entrepreneurship promotes the upgrading of mass entrepreneurship and innovation.
Domestic incubators such as Techcode and TusPark are setting up subsidiaries abroad.
The Sino-Israel Technology Innovations Center and the Beijing-California Innovations Center are also taking shape.