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The shortage of funds to support entrepreneurship practice

21 July, 2015 - 11:51

Funds are the primary problem to be solved for entrepreneurship education in Chinese universities. At present, funds used to meet the need of students’ entrepreneurship practices mainly consist of the entrepreneurial fund established by the government, the investment and risk fund established by private entrepreneurs, and the entrepreneurial fund established by schools, though the amount of most entrepreneurial funds are very limited. Even the entrepreneurial fund of Beijing University of Aeronautics and Astronautics that first started entrepreneurship education is three million (and the entrepreneurial fund of Fudan University is 10 million) its exemplary role is still limited. Universities are different from profit-making organizations, after all, and it is difficult for the majority of universities to spend large amounts of money on supporting students’ entrepreneurial practice with the immature conditions of models such as alumni donations.