Country for PR: China
Contributor: Xinhua News Agency
Friday, October 12 2018 - 18:04
"SND Cup" 5th "Creating Youth" China Youth Innovation and Entrepreneurship Competition opened in Suzhou
SUZHOU, China, Oct. 12, 2018 /Xinhua-AsiaNet/--

On October 11, the "SND Cup" 5th "Creating Youth" China Youth Innovation and 
Entrepreneurship Competition, co-sponsored by the Central Committee of the 
Communist Young League, Cyberspace Administration of China, the Ministry of 
Industry and Information Technology, the Ministry of Human Resources and Social 
Security, the Ministry of Agriculture and Rural Affairs, the Ministry of 
Commerce, the State Council Poverty Alleviation Office, the National 
Association of Students, the People's Government of Jiangsu Province, and the 
People's Government of Jiangxi Province, opened in Suzhou, Jiangsu Province. 
310 outstanding entrepreneurial projects from all over the country competes in 
the following 4 days. He Junke, first secretary of the Central Committee of the 
Communist Youth League; Zhou Naixiang, member of the Standing Committee of the 
Jiangsu Provincial Party Committee and Secretary of the Suzhou Municipal Party 
Committee; Guo Wenqi, member of the Standing Committee of the Jiangsu 
Provincial Party Committee and Minister of the Organization Department; 
delegates of the organizers, and representatives of the Suzhou High-tech Zone 
co-opened the national competition. 

The theme of the national competition is "The New Era of Youth and the New 
Achievement of Entrepreneurship". The 310 projects participating in the main 
event will be divided into commercial and industrial group, modern agriculture 
group, and rural e-commerce group. College students from all over the country, 
various types of start-ups and young entrepreneurs from home and abroad are the 
main participants of this competition. 

During the competition, the organizers will also focus on solving the "pain 
points" in youth entrepreneurship, launching the China Youth Innovation and 
Entrepreneurship Summit Forum, Investment and Financing Through Train, 
Industry-Study-Research Cooperation Activities, Youth Innovation Training Camp, 
Sino-US Youth Innovation and Entrepreneurship Forum, and Chinese Youth 
Innovation Entrepreneurship Introduction Conference and the China Youth 
Entrepreneurship Alliance Exchange Forum, showcasing the positive image of 
Jiangsu innovation and entrepreneurship to young entrepreneurs across the 
country, attracting the national elites of innovation and entrepreneurship and 
outstanding entrepreneurial projects, creating a world-influenced innovation 
and entrepreneurship highland, and gathering innovation talents. 

The "Creating Youth" China Youth Innovation and Entrepreneurship Competition is 
the largest and most innovative youth innovation and entrepreneurship event in 
China. It aims to build and support youths to have exchange on innovation and 
entrepreneurship, exchange of instructors, investment and financing docking, 
project incubation and other events. The platform promotes the construction of 
service alliances for entrepreneurial youth, entrepreneurial tutors, 
entrepreneurial parks, incubators, venture capital funds, etc., to push the 
entrepreneurial spirit, foster entrepreneurial awareness, enhance 
entrepreneurial ability, improve entrepreneurial success rate, and mobilize 
more youth to promote supply-side structural reform and high-quality economic 
development, and to have implementation of major strategies such as 
innovation-driven development strategies, rural revitalization strategies, and 
other major deployment contributions such as winning the fight against poverty. 
Up to now, the event has been successfully held in Tianjin, Shanghai, Xi'an and 
other places for four times, attracting more than 310,000 entrepreneurial teams 
and more than 1.5 million entrepreneurial youths. The accumulated financing 
amount is more than 2 billion yuan, and a large number of excellent projects 
have emerged. 

Source: The People's Government of Jiangsu Province

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