MIT Sloan School of Management later this week will host a conference in Beijing focused on the challenges facing entrepreneurs in China, including a cultural focus on efficiency over innovation. The Technology Innovation and Entrepreneurship Forum will take place on Friday, May 17th.
“Entrepreneurship is critical for China’s economic development, yet entrepreneurs have to overcome many hurdles,” MIT Sloan Professor and Associate Dean for International Programs and Action Learning Yasheng Huang said in a statement. “Many of those issues are ones faced by all founders, such as retaining good employees and navigating government bureaucracy, but those in the technology sector are pioneering new territory in China.”
Topics for discussion at the forum will include creating funding systems for radical innovation, judging the investment value of tech startups and understanding how capital can support technology entrepreneurship programs. Attendees will also examine ways to translate technology innovation into technology entrepreneurship and ways to use large-scale entrepreneurship competitions to incubate technology innovation.
Bill Aulet, senior lecturer and managing director of the Martin Trust Center for MIT Entrepreneurship, will also take part in the day’s events, discussing the principles behind his new book, Disciplined Entrepreneurship. Aulet’s book – which provides a comprehensive and proven framework for developing a product to launch a new venture – will be available in Chinese translation in June 2014.
This week’s forum is part of the MIT Sloan Office of International Programs’ MIT-China Management Education Project, which was created to help strengthen graduate management education programs and collaborations with selected Chinese universities. It follows another MIT Sloan Forum held in March focused on China’s growth and social impact.