Prize giving ceremony for Technology Business Plan Competition held

Category: On The Campus
Published: Tuesday, 25 September 2012 15:19

The prize giving ceremony for the Technology Business Plan Competition was held in Ningbo Innovation Port on the afternoon of Sept. 22. A total number of 105 awards worth of 7.9 mln yuan were unveiled on the ceremony. The more exciting news was that 23 business plans on the competition had successfully raised fund of 340 mln yuan.
The competition was jointly sponsored by the Ministry of Science and Technology and Ningbo Municipal Government. Since its launch in March and especially since the special report of building Ningbo into an angelic city written on June, 14, the authority had endeavored to encourage more private capitals to invest in Ningbo and more talents to start businesses here. In answer to the government’s appeal, many departments and offices such as the Municipal Personnel Office and Ningbo Science and Technology Bureau went to Beijing and Shanghai and held advertising activities there. What’s more, they also sent invitations to over 200 overseas students’ organizations via Overseas Students Association and Chinese Professional Association and other agents. At the beginning of this month, Wang Huizhong, the Party Secretary led a team to Silicon Valley and New York and held talks with overseas talents, appealing them to start businesses in Ningbo.
In the meantime, the competition made changes on the reward mechanism, setting up a special award to overseas talents who start businesses in Ningbo. Among which two are awards for overseas elites, each with a sum of one mln yuan. And the winners of these two awards were announced on the spot, being the program leaded by Dr. Dai Junhui and the program of Hong Kong University of Science and Technology respectively.
Zhai Lixin, Deputy Director of the Department of Policy, Regulations and Reform of the Ministry of Science and Technology made his congratulation on behalf of the Ministry of Science and Technology and expressed his sincere hope that Ningbo could be built into an angelic city, an innovative city as well as an entrepreneurial city.