Shanghai Technology Entrepreneurship Foundation for Graduates

Shanghai Technology Entrepreneurship Foundation for Graduates (STEFG) is the initiator of 2008 Shanghai EntrepreneurshipWeek. Established in August 2006, STEFG is the first non-profit public foundation in China, dedicated to creating an innovative environment for graduates, developing their entrepreneurship skill, promoting commercialization of scientific and technological breakthrough, and motivating graduates to startup their own business. The mission of the Foundation is: “encouraging innovation and entrepreneurship to improve innovative environment; promoting commercialization of scientific and technological breakthrough to help accelerate education reform; inspiring innovative potential and cultivating creative and entrepreneurial talents

Since its establishment in 2006, the Shanghai Municipal Government decides to fund 500 million Yuan for the next five consecutive years to support its development. In addition, a council was set up with Vice Mayor Yan Junqi as its Chairwoman and the leaders from a variety of government institutions and universities as the members to guide and support to the Foundation.

STEFG aims to cultivate an entrepreneurial environment on campus and create an atmosphere for encouraging graduates entrepreneurial and innovative practices through funding graduates entrepreneurial projects and promoting commercialization of high-tech breakthroughs. At the same time, it supports entrepreneurship education and research by bringing the global best practice to China and introducing Chinese experience to the world. The inaugural 2008 Shanghai EntrepreneurshipWeek is an excellent platform for demonstrating and helping achieve these aims.