China to cultivate 100,000 student entrepreneurs

Updated: 2011-08-18 18:26


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BEIJING - China will cultivate about 100,000 promising student entrepreneurs and 3,000 university-based technological start-ups over the next five years, according to a government plan issued on Thursday.

The five-year plan is centered around the country's university-based science parks and drafted by the ministries of technology and education. It aims to boost students' startup businesses and employment.

A total of 150 internships will be established between 2011 and 2015 for college students to launch their own start-ups and special grants will fund them, according to the plan.

Currently, China has 86 university-based science parks, which transferred more than 4,600 technological projects into products last year, statistics show.

By 2015, the number of university-based science parks will reach 200, and they are projected to transfer about 10,000 technological projects into products within five years, the plan states.