Apparently unsatisfied that the United States already has a cumulative $1.5 TRILLION TRADE DEFICIT with China, the University of Maryland is helping the Chinese develop a new generation of entrepreneurs to create new companies in China!!
I'm impressed that a state-supported college in America would go to such great lengths to help our Chinese friends.
Beijing, China & College Park, Md. --
The University of Maryland's Robert H. Smith School of Business has
announced the winners of its fourth annual China Business Plan
Competition. The announcement puts a cap on the year-long contest, which
began with more than 200 entries that judges narrowed to 20 semi-finalists
before selecting five finalist teams.
CreditEase, which facilitates peer-to-peer loans, was the $25,000 grand prize winner, while Vendiamax, which combines vending machine services with point-of-purchase advertising, took the $15,000 runner-up prize.
The competition, now in its fourth year, aims to support entrepreneurship in China, where the Smith School also runs programs in conjunction with the University of International Business and Economics.
Since its inception in 2005, it has attracted more than 600 entries and awarded more than $195,000 in cash and prizes, making it one of the largest and most influential entrepreneurship competitions in China.
A main focus of the competition is sharing best practices from the Dingman Center and Smith School with individual entrepreneurs in China. In keeping with this the Dingman Center offered a series of free workshops in Beijing leading up to the competition’s final event and awards ceremony with the aim of helping Chinese entrepreneurs gain experience, confidence and knowledge for launching a new venture.