More than 4,000 students from 1,047 universities and colleges around the world, including Harvard, Stanford and Cambridge, have recently thronged at Hangzhou to sign up for China (Hangzhou) College Students’ Entrepreneurship Competition. 

The competition is an important platform of Hangzhou to attract talented young people. It is China’s first global college student entrepreneurship competition held by the local government and is oriented to Chinese mainland, Hong Kong, Macao, Taiwan and overseas colleges.  

Totally 4,655 projects from 1,047 universities and colleges worldwide have been registered for this year’s competition, increased by 24.37% and 127.11% respectively. Among them, 159 projects are from overseas universities, such as Harvard, Stanford, Cambridge, Yale and Toronto University, and 915 projects are from top Chinese universities, including Tsinghua and Peking University, accounting for 19.66%, increased by 91.82% year on year. All the data fully show Hangzhou’s appeal to domestic and overseas students. 

Actually, the appeal is due to Hangzhou’s strength in digital economy development and relevant supporting policies. The competition offers a maximum grant of 1 million yuan for entrepreneurs to implement their projects, and a maximum subsidy of 100,000 yuan for renting offices, and introduces various supporting policies. In addition, Hangzhou will expand the channel for market resources supporting to facilitate the implementation and commercialization of outstanding projects.