Een groep van 16 UvA/VU/HvA-studenten bereidt een reis voor naar het land van de onbegrensde groeimogelijkheden: China!
“China is one of the most entrepreneurial places on earth” Ed Steinfeld, MIT political scientist and China expert
So The 16 are going on an entrepreneurial journey to China in 2012. “China? – Why?” was a question that I encountered quite a few times when speaking to people about our project.
The reason is simple: China’s economic growth is not solely caused by large state-owned conglomerates, but is actually driven by a highly entrepreneurial population. In fact all key metrics for measuring entrepreneurship according to the Global Entrepreneurship Monitor indicate China to be a more entrepreneurial place than the United States. To quote a few of them:
Self-employment rate in China: 51,2%
Self-employment rate in The United States: 7,2%
Engagement in high-growth-expectation entrepreneurship in China: 4%
Engagement in high-growth-expectation entrepreneurship in The United states: 1,5%
Plan to become entrepreneurs in the future in China: 23%
Plan to become entrepreneurs in the future in The United States: 7%
Key metrics on entrepreneurship (Source OECD & 2009 GEM report)
It turns out that on every single one of these metrics, China scores higher than the United States, the country normally considered the most entrepreneurial in the world. It seems that despite the manifold market, political and most of all legal risks in the Chinese market that entrepreneurship is flourishing like in no other country. Two things to note: we are talking about relative numbers, so it’s independent of the simply larger Chinese population; and second we are not only talking about the next China shop or restaurant around the corner, but actually in many cases about high-growth ventures, creating jobs and driving the economy; about innovative, technology-drive ventures. And lastly, according to the GEM report, the realized growth of these high-growth ventures scores higher than that of its Western counterparts.
This is why we go to China. This is why we are so excited about actually experiencing the vibe of Chinese entrepreneurs. And this is why we would like to share our journey with you.
After a very successful study trip to the United States to discover the entrepreneurial drive of the Americans, the Amsterdam Centre for Entrepreneurship and 1&12 Ventures are thrilled to announce that a new group of 16 Student Entrepreneurs has started to prepare for a study trip in 2012, this time the destination will be CHINA!
China has emerged as an economic super power, forcing all players to consider new economic models. The growing significance of small and medium-sized enterprises (SMEs) in China’s economy is hard to ignore. So with the 16 of us we`ll discover what is going on in mighty China! www.the16studententrepreneurs.nl
Every week a blog of one of the 16 student entrepreneurs about the preparation of the trip. This week it’s Leonard Wein’s blog.