Innovation and Entrepreneurship Boom in China and US

Updated: Dec 7, 2018

On October 12, 2018, hosted by The Ministry of Education and The Ministry of Science and Technology and co-hosted by Chengdu Tianfu New Area North America Center, the 13th Chunhui Cup Chinese Overseas Student Innovation and Entrepreneurship Competition (New York Territory) Project Docking, High-level Talent Fair and Awarding Ceremony took place in New York, USA. More than 300 guests from various fields attended the event, including the Consul General of China in New York, the leaders of The Ministry of Education in China, and the award-winning representatives.

Chunhui Cup Innovation and Entrepreneurship Competition began in 2006. Through in-depth exploration of overseas innovation and entrepreneurship resources, it encourages and guides outstanding overseas students to go back to China to innovate and start a business, and let the overseas students play an essential role in leading technological innovation, high-end innovation and independent innovation.

The Chunhui Cup has gathered 3,344 innovative and entrepreneurial projects from overseas students in more than 20 countries and regions, and has selected 2,241 outstanding projects. 435 overseas students have successfully embarked on the road of returning to China for innovation and entrepreneurship, 21 of whom were selected for the National Thousand Talents Plan.After 13 years, this competition has achieved fruitful results with the support of many organizations, such as the Education Department of the Chinese Embassy, the Overseas Student Group, the University Science Park, the Overseas Students Pioneer Park, the Venture Capital Institution, and the Local Talent Introduction Agency. At the beginning of the event, the Chinese Consul General in New York delivered a speech, and the Education Counselor presided over it. During the event, the Chinese Consulate General in New York held a project docking and high-level talent meeting to discuss with representatives from all fields.

Emma, ​​Director of Business Development at United Innovation Services Innovation Center, attended the event as a representative of Tianfu New Area. “We will showcase the achievements of Chengdu Tianfu New Area and communicate with overseas talents, project demand units, overseas student entrepreneurship parks, university science parks, venture capital institutions and domestic entrepreneurs to discuss technology level, investment prospects, benefit forecasts and industrialization, etc.," Emma said.

The Tianfu New Area North American Innovation Center officially settled in Silicon Valley in October 2017, focusing on information technology, life sciences, new energy and new materials, artificial intelligence, big data, Internet of Things, modern service industries, etc., providing entrepreneurs with incubators, professional instructors, angels and VC funds, project transfer and transformation, market expansion and other incubation acceleration services, while providing customized innovative solutions for Chinese and American companies to create a two-way innovation acceleration plan. Adopting field incubation and offshore incubation, we introduce excellent innovation projects, technical teams and high-end talents into China and settle in Tianfu New Area, introducing and connecting with relevant technologies, talents, markets, channels and other resources in North America in a timely manner to foster local enterprises’ overseas development.Emma said that United Innovation Services has held two consecutive China-US Artificial Intelligence Resource Matching Summits this year, inviting enterprises and investors in the field of artificial intelligence in North America to promote cooperation. We have achieved outstanding results in many cities by providing the best entrepreneurial base for a large number of outstanding innovative talents, providing comprehensive assistance for enterprises to enter the global market. Through this competition, we hope to jointly integrate and attract resources such as talent, research and capital, and strive to create an innovative ecological industrial chain with global influence.

As the organizer of the event, United Innovation Services was awarded the Excellent Partnership Award, and displayed the science park achievements, attracting many entrepreneurs to consult, helping entrepreneurs to understand domestic industrial parks, corporate ecology, cross-border cooperation, urban strategic consulting and industrial investment fund operation, providing a powerful platform for combining project docking, talent discussion and technology cooperation between overseas students and relevant domestic employers.

As a platform company that leads the technology service, United Innovation Services deeply participates in the reshaping of the global industry value chain. Cooperating with leading companies such as Microsoft and Amazon, it builds an innovation ecosystem by global cross-border acceleration network crossing Beijing, Chongqing, Chengdu, Yangzhou, Qingdao, Nanjing, Xuzhou, Suzhou, Hohhot and Silicon Valley. Through global incubator network, it deploys global Industrial Service Investment Promotion Center, creates online and offline service platforms, leads the innovation factors to form a closed loop, accelerates the industrial progress, customs innovation and acceleration projects, and establishes links to cultivate elite entrepreneurs.The contest has attracted many technical, scientific and entrepreneurial talents who have lived in the United States for many years. These talents also come from fields such as: informatics, high-tech services, modern service industry, advanced manufacturing and automation, biology and new medicine, new energy, resources and environment, and new materials which are closely related to contemporary global ecological and social development and have great potential. The enterprises have expressed their confidence in the domestic market, and their hope to bring the enterprises into a new stage of development through a strong domestic market.

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