Bottleneck Of College Students' Entrepreneurship: Lack Of Funds

"Just now, the entrepreneurial team at Zhejiang University said their project needed 1 million yuan to start funding.

For them, the award of 100 thousand yuan for the L'OREAL university student employment and entrepreneurship fund is probably a drop in the bucket, but for our "hungry" online ordering system, the 100 thousand yuan is enough for us to open up the market.

Yesterday afternoon, at the "L'OREAL university student employment and entrepreneurship fund" prize presentation site, Shanghai Jiao Tong University PK Zhejiang University competed for the last prize, and a member of Shanghai Jiaotong University frankly made fun of the judges and the audience.

But he said it was true.

According to the relevant data, the success rate of Chinese University Students' entrepreneurship is only 2%. Even in the provinces with the highest entrepreneurial success rate of Chinese university students, 4% of Zhejiang's success rate is far below the global average.

Why can't Chinese college students start their own business?

Recently, the China entrepreneurship research center of Tsinghua University and CCTV seven jointly released the survey report on Chinese people's entrepreneurship and wealth enrichment from 2008 to 2009. The report shows that the main reason for the failure of College Students' entrepreneurship is lack of capital and market competition. Many college students who try to start their own business end up abandoning their funds because of their good entrepreneurial intentions.

After several rounds of criticism and judges, the Shanghai Jiaotong University entrepreneurial team won the last prize place, making the first significant amount of start-up capital for its online ordering system project.

Several college students are thrilled, not only because of the 100 thousand yuan bonus, but also to participate in the contest to get the guidance of the entrepreneurial mentor team provided by the organizers.