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Home >> Shanghai >> Article
Institute fosters entrepreneurship in Shanghai
By:Wu Qiong  |  From:english.eastday.com  |  2018-10-23 08:47

Last weekend, the Shanghai Penta Innovation and Entrepreneur Institute, which is likened to the “Whampoa Military Academy” for entrepreneurs, welcomed its first class of freshmen.  

(Exterior view of the Institute)

Located at 322 Daxue Road, Yangpu District, the Institute is a shared working space renovated from an old factory. With a construction area of 5,000 square meters, the twin building is a non-governmental educational and service organization like “a university with no walls” jointly established by universities, service agencies and leading industrial enterprises.

After strict screenings, 60 startup company founders were recruited as the first class of the Institute. To provide strong empowerment for the recruited students, the mentors and distinguished professors are professionals, entrepreneurs, investors and management experts from Tongji University, Fudan University, Shanghai University of Finance and Economics, University of Shanghai for Science and Technology, SPD Silicon Valley Bank, China Construction Bank, SAIC, VMWARE, Shanghai Bell, GE China, Philips China, and Deutsche Börse among others.

As people come across different kinds of problems in different stages of starting up a company, the Institute offers two curriculums for different students. The first curriculum is for entrepreneurs and executives who run a company with a basic market positioning for products and services and annual revenues of 10 million yuan. There will be a three-month training course for them featuring how to solve the key problems they face at the exploration stage.

The other curriculum is a six-month training course for founders of fast developing companies challenged by problems in corporate management and team abilities. Students will learn how to handle problems in market expansion and scale development.

Apart from its educational function, the Institute distinguishes itself from other training schools by serving as a networking platform for entrepreneurial resources. In addition, it has set up a service platform connecting enterprises and the government, to develop innovative services for enterprises in problem solving, and improve the success rate and efficiency of entrepreneurial enterprises.

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