Why Innovation & Entrepreneurship?

In 2005, the Council on Competitiveness published the Innovate America: Thriving in a World of Challenge and Change report, asserted that:

“Innovation will be the single most important factor in determining America’s success through the 21st century.”

 

[https://www.compete.org/storage/images/uploads/File/PDF%20Files/NII_Innovate_America.pdf]

The report defined innovation as “the intersection of invention and insight, leading to the creation of social and economic value.”

In 2014, Premier Li Keqiang (李克強) proposed mass entrepreneurship and innovation (「大眾創業、萬眾創新」、「雙創」) at the 2014 Summer Davos in Tianjin. Next year, 2015, mass entrepreneurship and innovation was first advanced by Premier Li in the Government Work Report of 2015.  Mass entrepreneurship and innovation has been viewed as a new engine for China’s economic growth.

[Photo source: english.gov.cn]

“Mass entrepreneurship and innovation not only has brought a great number of job opportunities and promoted the innovation-driven strategy, but also is a reform move. It focuses on people, an important element of productivity, making them make full use of their brilliance and vitality and providing equal opportunities to make lives better.”

— Premier Li said at a meeting with the press after annual meeting of National People’s Congress on March 15, 2017