Copyright 2024 - Ningbo Life / Ningbo Expat

Entrepreneurship and innovation of Ningbo youths well on the way

 May 4 is the Youth Day. Nowadays, entrepreneur and innovation are the most popular among young people. How do Ningbo young people do? How can they be closer to success? A few days ago, a group of them shared their entrepreneur and innovation experiences in the forum on Ningbo youth entrepreneurship innovation and excellence symposium convened by Ningbo municipal corporation. Their success cannot be separated from turning whims into practical deeds.

    According to statistics, in 2014, the youth league of the whole city at various levels trained 58 000 young people totally; the cumulative amount of actual loans reached 1.612 billion yuan , supporting 8627 young entrepreneurs.

    Cafe becomes a platform for venture financing

In High-tech District, a special cafe is well-known among young people. Having “blind date” in this cafe becomes creditable.

  Here, “ blind date “ has no concern with gender or age. Some young people make every effort to introduce their venture projects to investors and some even use audacious ideas to attract investments. At the same time, this cafe becomes a fixed place for some investment organizations, which often come here and look for potential projects.

   Not long ago, “ Something out of nothing” cafe just held a community-oriented entrepreneurial weekend activity. Eighty-seven entrepreneurs made friends, recruited teams, explored new ideas and acquired knowledge in this weekend.

  Zhang Wang is one of the sponsors of this cafe. Comparing with many other people who open cafes in order to earn money, he together with other stockholders is quite clear that this cafe is a common home for entrepreneurs

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  After the cafe being given more reliable factors, the idea, offering a platform for others rather than earn money, gradually steps into maturity and stability. At first this idea sounded quite impossible. The cafe now has various kinds of theme activities for entrepreneurship such as capital matching dates, topic-sharing activities and advice-giving activities. It develops communication channels and bridges between entrepreneurs and investors.

    Until now, the cafe has already held more than 100 activities. Two projects acquired venture capital of ten million yuan and another two acquired Angel investment of million yuan.

    A young man in Cixi ran e-commerce of agriculture products

  E-commerce is now one of the most popular pattern of ventures. Three years ago, noticing a lot of cheap agricultural products with high quality were unsalable, a young man in Cixi spotted the e-commerce opportunity in the countryside.

  Lu Baijun is the chairman of Ningbo Chenke Chuangcheng E-commerce Ltd. Three years ago, there was no idea of selling products with e-commerce in the countryside. At that time, he wanted to establish an online market of agricultural products.

  In those days, he went to the countryside and explained e-commerce to the peasants. They thought his idea was creative, but couldn’t help them sell the products well.

  Lu Baijun finished the B2C e-commerce model quickly, consisting of the company’s network platform, storage, logistics and terminal clients. He told those peasants that with this model customers could buy the products online and the company would deliver in reality. Then the peasants gradually got some ideas about it.

  After more than one year’s actual operation, the market of agricultural products has been open, but Lu Baijun found that the profitability of this model was low. In 2013, the company developed the e-commerce platform of agricultural products in Cixi, reforming the strategy from traditional goods for markets to special agricultural goods. The platform integrated resources of “ Famous, Special, Excellent” agriculture products, and drove more than 40 markets nearby to hold a series of benefiting-farmers activities successfully such as online New Year goods fair, Xinjiang apple festival and Cixi waxberry festival.

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