10 SUES projects win prizes of the 8th “Challenge Cup” Entrepreneurship Contest for college students in Shanghai

Finals of the 8^th “Challenge Cup” Entrepreneurship Contest for Shanghai College Students

In the just-concluded the 8^th “Challenge Cup” Entrepreneurship Contest for Shanghai College Students, SUES’s 10 projects won prizes, of which 2 for the bronze medal for charity entrepreneurship, 6 for the bronze medal for entrepreneurship planning competition, 1 for the silver medal for entrepreneurship planning competition, a new record for the number of prizes for SUES. “Special protective equipment Co. Ltd.”, SUES’s silver medal winning project out of a total of 148 competition works across Shanghai, will enter the national contest on behalf of Shanghai.

Unlike the previous event, this year’s “Challenge Cup” Entrepreneurship Contest for Shanghai College Students has increased the level of difficulty by subdividing the original entrepreneurship planning competition into “entrepreneurship planning competition”, “entrepreneurship practice competition”, “charity entrepreneurship competition”, and “mobile internet entrepreneurship competition”, the last of which is still in progress.

In the “ Entrepreneurship planning competition”, a classic event in the “ Challenge Cup”, contestant teams are required to, by virtue of venture investment operation mode and their respective advantages, work out a complete entrepreneurship proposal on a particular technical product or service with market potential with a view to obtaining venture capital. Over many years, acclaimed as the “Olympic games” of entrepreneurship and innovation competitions for nationwide college students, entrepreneurship planning competition has received the most attention. The newly launched “Entrepreneurship practice challenge competition” is aimed at entity projects with satisfactory financial status, bright development prospects, new marketing strategy and excellent financial management that are run by college students or graduates within five years of graduation for over 3 months. Aimed at planning or practice of setting up nonprofit social organizations, “charity entrepreneurship competition” requires the apparent characteristics of philanthropy, entrepreneurship, and practice. SUES’s competing projects have won prizes in all categories of competitions. 

At present, SUES youth league has initiated training, improvement  and guarantee of contestants who have entered the national competition, with their projects formally participating the national match in mid June.

Since the launch of the 8^th “Challenge Cup” Entrepreneurship Contest for Shanghai College Students, SUES youth league has actively organized and mobilized talented students who harbor the ambition of entrepreneurship and innovation to enter for the competition, receiving a total of 50 submitted projects. Mr. Chen Aiguo, who has been the chief of national judge committee for many years, has been invited by youth league to offer specialized training to all SUES contestants. In addition, authoritative specialists and venture capital investors in the industry, entrepreneurship education and competition organization have also been invited to be the judges in the SUES competition. After several rounds of open, fair and equitable written defense review, a total of 8 teams are finally selected, on behalf of SUES, to attend the “Challenge Cup” entrepreneurship planning competition, 2 teams for charity entrepreneurship competitions and 4 teams for entrepreneurship practice matches. 

After strict and rigorous selection, 4 teams are shortlisted for the finals in entrepreneurship planning competition in Shanghai, 1 team for the final in charity entrepreneurship match. During the finals, SUES presidents and party secretaries gave priority to the competing teams, and project instructors devoted all their energy to the training, and secretary of the youth league held several meetings to advance the defense smoothly and ensure that all necessary preparations are made.