BRICS Solution Awards

Russian-Chinese youth bussuness acselerator

Problem and implemented solution

nnovative entrepreneurship is one of the fastest growing and most promising areas of the private sector, which has both intensive government support and high interest from established businesses, expressed in the desire to absorb/join innovative entrepreneurship entities. In the environment of innovative entrepreneurship, youth entrepreneurship plays a special role - young people have many advantages that can develop innovative entrepreneurship. Such advantages include a fresh outlook, unconventional thinking, a desire to apply themselves in life and work, the ability to flexibly respond to financial difficulties, etc. De facto, young entrepreneurs are leaders who will set the tone for the global economy in the 21st century. Based on this statement, the authors' team initiated the Russian-Chinese Youth Business Accelerator Project (hereinafter referred to as the Project). This project unites more than one thousand young start-up entrepreneurs, including those employed in the high-tech sector. The Project is a unique acceleration program developed with the aim of bringing Russian projects to foreign markets and attracting foreign investment to the Russian economy. The Project envisages creating conditions for the development of youth entrepreneurship, as well as stimulating the interest of young people in the development of international cooperation. During the implementation of the Project, the Project residents are provided with the following opportunities: - completing a program of additional professional education; - modernization of an existing or development of a new business project (a video about the project, a business plan, an article about the project, an application for a subsidy (financing); - acquaintance and cooperation with Russian and Chinese entrepreneurs and experts, government officials and higher education institutions; - methodological support and support for a business project when submitting applications for financing and co-financing to public and private organizations supporting small businesses; - support in finding domestic and foreign business contacts; - pitch sessions with investors, government officials, entrepreneurs, receiving expert feedback on projects.

China
Nomination

Platforms And End-to-End Solutions For Government And Public Administration

Topic

National and municipal technological platforms

Estimated duration of implementation

6 months

Implementation geography

Ulyanovsk, Russia/Nanking, China

Description of competitive advantages

The main advantage of the Russian-Chinese Youth Business Accelerator is the combination of an educational program and direct practice with the participation of foreign entrepreneurs. The program includes training sessions and master classes that will focus on developing practical knowledge in the field of Russian-Chinese economic and investment cooperation. Participants from the two countries will also present their projects to investors, participate in B2B negotiations and exchange experiences with experts.

List of awards and prizes, media articles about the organization/individual or the Practice

N.A.

List of scientific works and IP connected with the Practice

N.A.

Contacts

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