News

China's young entrepreneurs go home to get rich

Updated: 2016-08-22
( Xinhua )

Employees of start-ups work at an incubator center in Lanzhou city, capital of Northwest China's Gansu province. Oct 10, 2015. Incubator centers have been set up these years to boost start-ups in Chengguan district of Lanzhou city. Measures including simplifying procedures for licenses application and earmarking subsidiaries have been implemented to reduce the operation cost for the companies in these centers. Up to now, about 30 incubator centers have fostered more than 1000 start-ups in the sectors encompassing e-commercial, bio-pharmaceutical, cultural and creative and internet plus industries. [Photo/Xinhua]

Deng Yubo, who quit as a college teacher and started an online beef noodle company believes the biggest difficulties entrepreneurs face are their own impatience and high costs, but incubators can help remove those obstacles."Incubators provide us with government resources, capital and services, which are usually difficult to find by ourselves. Affordable offices and services have slashed costs and created an easy environment for business."