TIANJIN, China, Oct. 29, 2014 /PRNewswire/ — The entrepreneurship competition named "China Dream· Entrepreneur Dream – Intelligence Yujiapu (YJP)" was held in the central business district of Tianjin Binhai New Area. Jusfoun Financial Information (Beijing) Co., Ltd. won the first prize of RMB1 million; the two second prizes (RMB500,000 each) went to Tianjin Jika Technology Development Co., Ltd. and Shanghai Xingju Industrial Development Co., Ltd.; and the other three contestants were each awarded with a third prize of RMB200,000.
Since its launch in July 2014, the competition for young entrepreneurs from Hong Kong, Taiwan, Macau and the mainland China had received over 300 applications involving innovative finance, Internet, chain merchandise, green and low carbon, smart city, culture and creativity. On October 25, 300 contestants gathered in Tianjin for the high-level competition.
Today, entrepreneurship is relevant to all young people. Compared to its domestic counterparts, the entrepreneur competition held in YJP is more innovative and pragmatic. Before the competition, the organizing committee of the competition even arranged for the investment director of cyzone.cn to instruct on project presentation and attracting investors. Senior leaders from KPMG, TIFI, Lenovo and IDG judged the event while providing on-site training; reputed investors and institutes also selected promising entrepreneurship projects to invest on.
After the final competition, Kenneth Fok led a delegation of 100 young entrepreneurs from Hong Kong, Macau and Taiwan to talk with the winners. He encouraged young people to keep up their entrepreneurship efforts against all odds.
"During the entrepreneurship competition, the principles of fairness and openness were practiced from the earliest planning to the final competition. Pragmatic service policies mean a lot to entrepreneurial projects. For the first time, we openly sign agreements on bringing the projects to YJP with the winning parties, and this shows how determined YJP is to become a hot land for entrepreneurship and practice innovative district management. We’re confident that YJP is to be where entrepreneurs will gladly come for business development," said Li Bo, Chairman of TIFI, which is the operator of YJP Financial District.
With the entrepreneurship competition as the starting point, YJP, a host of the competition, aims to develop itself into a sustainable incubator for and entrepreneurship. When the competition was launched in July 2014, the United Front Work Department of CPC, China Overseas Fraternity Group and Tianjin Youth Union jointly announced with YJP to build an innovation and entrepreneurship service centre for returnees and youths from Hong Kong, Macau, Taiwan and the mainland China. The service centre provided to young entrepreneurs not only a modernized incubation venue, but also services in financing, talent recruitment, training, law and accounting.
The Binhai Central Buisness District Management Committee and TIFI have signed agreements on establishing and incubating business in YJP with the wining companies. They also built partnerships with Tianjin University of Technology and Tianjin University of Finance and Economics to enable YJP to share resources with institutes of higher education and encourage college graduates to engage in entrepreneurship as a base for innovation and entrepreneurship. Besides, the Management Committee and TIFI partnered with the entrepreneurship organizations in Hong Kong, Taiwan and Macau to facilitate the communication between entrepreneurs in these places. For better supports, an entrepreneurship supporting office was founded in YJP.
As a selection platform for innovative projects, YJP is leading the efforts of supporting small-and-micro enterprises. It provides the market, resources, capital and policies necessary for young entrepreneurs to develop their businesses.
Propelled by the preferential policies of Binhai New Area, YJP Financial District, with a land occupation of 3.86 square kilometers and a construction area of 9,500,000 square meters, is dedicated to becoming a centre for financial reform and innovation, including financial leasing, private equity fund, settlement and commercial factoring. Along with the integrated development of Beijing, Tianjin and Hebei, YJP will strive to become the second financial street in the Beijing–Tianjin area and a magnet for Beijing resources.