2015年CRI Expert Views on Mass Entrepreneurship and Innovation Initiative in China

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David Aikman is the Managing Director of the World Economic Forum¹.

"I think the initiatives like mass entrepreneurship and innovation as this kind of national strategies are encouraging the whole new generation of entrepreneurs, not only to create great companies for China and the Chinese market, but also has the global aspirations²."

On paper, the innovation and entrepenurship seems an obvious goal.

However, implementing⁴ policies to promote the concepts is a different story.

One of the main challenges is the protection of intellectual property rights.

Thom Mason runs the Oak Ridge⁵ National Laboratory in the United States, which is one of the leading research facilities for nuclear technology in the US.

He says the creation of stronger IPR protection under the law is critical for China.

"That's absolutely the case, because people will not invest unless there is a way to protect intellectual property. I think as China's economy evolves, that's going to be more and more important. Because as you move from just manufacturing for global markets to developing ideas and implement³ them, you need that protection, in order to generating the finance to make it work."

Mason also says successful entrepreneurship requires more than just passion and good ideas.

"They need access to capital, and they also need access to expertise⁶ across the broad range, not just the technology, but legal aspects, human resources and financial. So in the areas of world that are very successful cultivating new ideas, you see this combination of great technology and science but also that supporting an equal system of people with broad range of skills, access to capital. "

Creating a knowledge base is also being cited as one of the keys to creating a strong entrepenurial base in China.

Zhang Peng is the founder⁷ and CEO of Geekpark, a Beijing-based web start-up which provides news and information about the technology sector⁸.

He suggests would-be entrepeneurs in China need to know what they're getting themselves into.

"For potential start-ups, they should first accumulate work experience in big companies, which is better than starting from scratch. And it's better for them to create ideas with long-term value, rather than following short-term, hot trends."

For CRI, I'm Huang Shan reporting from the Summer Davos in Dalian.