ACWF VP Gives Interview on China Women's Entrepreneurship, Innovation Contest

September 29, 2017
By Women VoiceEditor: Penny Huang
ACWF VP Gives Interview on China Women's Entrepreneurship, Innovation Contest

Song Xiuyan, vice-president and first member of the Secretariat of the All-China Women's Federation (ACWF) recently gives an interview to People's Daily Online ahead of the finals of the China Women's Entrepreneurship and Innovation Contest. [Women Voice]

 

Song Xiuyan, vice-president and first member of the Secretariat of the All-China Women's Federation (ACWF) recently gave an interview to People's Daily Online ahead of the finals of the China Women's Entrepreneurship and Innovation Contest.

Jointly organized by the ACWF and the local government of east China's Zhejiang Province, the competition, designed to encourage startups and new business ideas, took place on September 20 in Hangzhou, the provincial capital.

Since the contest was launched in May, the ACWF has received a total of 1,242 entries, coming from every region of the country.

After screening, judges selected just 30 candidates and their business projects to make it through to the last round.

There, 60 experts and senior members of the business community at home and abroad acted as instructors and offer useful advice to competitors.

Meanwhile, 30 investment institutions have pledged to offer assistance to the most outstanding programs and some 100 specialist organizations will be on hand to provide startup support.

Song's Remarks

According to Song, since women account for half of China's overall population, they have played a vital role in entrepreneurship and innovation.

Responding to the call of the Central Committee of the Communist of China (CPC) and the State Council to "encourage people to do business creatively and drive innovation", the ACWF has developed the Female Entrepreneurship and Innovation Action since June 2015, aiming to motivate and instruct women to strengthen startup awareness and participate in related practices, resulting in many great achievements.

Song said that the China Women's Entrepreneurship and Innovation Contest presents women's pioneering forces, further improving social resources and solving difficulties for startups, which has enabled the ACWF to fully play its role to serve women.

Regardless of the age and employment status of entrants, the competition has won a warm response and proactive participation. Attracting about 560,000 women with more than 9,500 projects, it obtained nearly 1 billion yuan (U.S.$ 152 million) in social input.

Song said since the contest was launched in May, the ACWF has received a total of 1,242 entries from 31 provinces, regions and municipalities and the Xinjiang Production and Construction Corps by various recommendation methods.

During the interview, Song pointed to several characteristics of the competition.

Recruiting programs by multiple means, the contest attracted women from all sectors of society to participate, encompassing overseas returnees, college students and rural women.

In terms of the program's diversity, some entrepreneurs presented cutting-edge technology projects and some female college students showed their programs with imagination and creativity.

Others demonstrated social service projects to solve people's problems in daily life.

To improve women's capabilities involving entrepreneurship and innovation, the organizers invited experts who offered free training to some 2,000 participants.

Additionally, the contest also introduced several business incubation platforms and investment institutions to provide one-on-one guidance to candidate finalists, receiving widespread popularity.

Song later said preferential policies have greatly supported women's entrepreneurship and innovation.

For example, the country subsidized fiscal interest to small-secured loans and related departments issued various guiding documents to support training of businesswomen.

"During inspections, we found that the main issues women face while starting up business were a lack of technique, capital, programs and platforms," Song noted.

Confronted with the situation, the ACWF and women's federations at every level proactively took creative measures to provide various services to businesswomen.

For instance, to enhance women's professional skills, the ACWF vigorously developed education and training sessions, and jointly launched e-commerce courses with various enterprises and schools. Women's federations at every level have launched related classes benefiting 5.52 million people and held more than 2,800 competitions across the country, providing intelligent support for female entrepreneurship.

In east China's Anhui Province, Hefei Women's Federation set up an association on female entrepreneurship.

Building close relations with industrial development, officials set up a platform to call for female entrepreneurs to share resources for mutual benefit.

"We hope that women will seize the event as a good opportunity, strengthening and improving abilities on innovation and creativity. Also, women should turn their outstanding ideas into entrepreneurial and innovative efforts and proactively participate in social reforms," added Song.

"In this way, women could achieve their self-realization and get a brighter future in the process of building a moderately prosperous society in all respects and realizing the rejuvenation of the Chinese nation."

 

ACWF VP Gives Interview on China Women's Entrepreneurship, Innovation Contest
Jointly organized by the ACWF and the local government of east China's Zhejiang Province, the Women's Entrepreneurship and Innovation Finals take place on September 20 in Hangzhou, the provincial capital. [Women Voice]

 

ACWF VP Gives Interview on China Women's Entrepreneurship, Innovation Contest
The Women's Entrepreneurship and Innovation Contest [Women Voice]

 

ACWF VP Gives Interview on China Women's Entrepreneurship, Innovation Contest
The Women's Entrepreneurship and Innovation Contest [Women Voice]

 

ACWF VP Gives Interview on China Women's Entrepreneurship, Innovation Contest
The Women's Entrepreneurship and Innovation Contest [Women Voice]

 

(Source: Women Voice/Translated and edited by Women of China)

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