Chinese science park promotes innovation, entrepreneurship in Chicago

Source: Xinhua| 2019-11-25 03:26:59|Editor: ZX
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CHICAGO, Nov. 24 (Xinhua) -- Beijing-based Zhongguancun Dongsheng International Science Park hosted the 2019 V2V Summit and seventh DSCan event in downtown Chicago on Saturday for exchanging views on entrepreneurship and innovation.

Addressing the summit, Chinese Consul General in Chicago Zhao Jian hailed the event as a successful start, "laying down a useful platform for the exchange of innovation and entrepreneurship between China and the United States."

"Innovation and entrepreneurship are important driving forces for a company, a nation, and a country to prosper and progress," Zhao said. "Today, as the economic globalization continues to deepen and in the face of a burgeoning scientific and technological revolution, promoting innovation and entrepreneurship is the only way to cultivate and stimulate new impetus for economic and social development, and an effective way to promote sustainable development."

Neil Bush, founder and chairman of the George H.W. Bush Foundation for U.S.-China Relations, recollected his numerous trips to China, saying the U.S.-China relationship is the most important bilateral relationship in the world.

"We should not be afraid of China's growth," he said.

With giant tasks ahead in the world, there are so much room for collaboration between the United States and China, and the two countries need to work together to resolve problems through dialogue, Bush stressed.

He urged Americans to be open-minded about what China is doing.

Sixteen innovation projects, selected from nearly 160 from different fields worldwide, presented themselves before investors and experts at the following pitching. Three winners will go to Beijing for the semi-final competition, with competitors coming from all over the world.

The Dongsheng science park will invite the three projects that win the final competition to enter the park. They will be offered office areas, legal advice, human resources, as well as investment, which will come from the park and outside.

"The park is like an incubator," Ye Ling, an academic advisor with Tsinghua BI Entrepreneurship Education, told Xinhua. It helps outstanding innovation projects grow. When these projects grow big enough and need independent development space, they will go out and seek development in other places worldwide.

"This is a dynamic turn-around," Ye said. China is a huge market, whereas there are many top ideas and technologies worldwide. The park helps innovation projects develop products, and these products may find their market in China as well as in the world. "This is a win-win, and may even win more."

"This two-way exchange can stimulate various sparkle, and the sparkle may in turn stimulate new technologies, which can be spread worldwide. It is really a benign global interaction," Ye added.

Founded in 2010, the park has so far incubated more than 300 innovation projects.

Dongsheng Hongtai (Beijing) Technology Co., Ltd, a one-stop technology innovation service, organized the event.