Annual innovation, entrepreneurship event held in Shanxi

(chinadaily.com.cn)

Updated: 2021-09-14

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The Shanxi Division Finals of the 10th China Innovation and Entrepreneurship Competition take place in the city of Yangquan in North China's Shanxi province on Sept 13. [Photo/sxgov.cn]

The Shanxi Division Finals of the 10th China Innovation and Entrepreneurship Competition ended in the city of Yangquan in North China's Shanxi province on Sept 13.

Since the start of the competition in July, 360 enterprises from across Shanxi have participated, competing against each other in seven fields, including new generation information technology, high-end equipment manufacturing, new materials, and biomedicine.

After fierce competition, 23 projects won first place, 34 projects won second place, and 42 projects won third palce. Shanxi will recommend 24 companies to participate in the national finals.

Innovation and entrepreneurship are an important part of scientific and technological development in Shanxi. There are more than 10,000 technology-based small and medium-sized enterprises in the province. Nearly 3,200 high-tech enterprises, 70 technology business incubators at or above provincial level, and 250 maker-spaces above provincial level have been identified. 

The competition provided a platform for entrepreneurs in Shanxi to connect with experts and the market, stimulated innovation and entrepreneurship in Shanxi, promoted entrepreneurial culture, and played a role in promoting the development of small and medium-sized technological enterprises. 

It will guide enterprises toward technological innovation, promote the commercialization and industrialization of technological projects through cooperation with investment and financing institutions, and cultivate more technological market entities for the province.