MIT to host first forum on business in China

· Americas, Asia, China, Education, United States
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By Zhao Yanrong (China Daily)

BOSTON – A Chinese student organization recently announced it will launch the first forum to focus on entrepreneurship in China at the Massachusetts Institute of Technology next month.

The forum aims to provide a platform for Chinese students in the United States and venture capitalists from China to hash out business ideas.

The MIT-China Innovation and Entrepreneurship Forum, or MIT-CHIEF, will be an annually held conference hosted by the MIT Chinese Student and Scholar Association.

The forum will invite entrepreneurs from both China and the US to speak about hot-button business topics in China. This year, the key issues are healthcare, information technology, clean energy, innovation, entrepreneurship and venture investment.

“We hope to build a platform for intellectual exchange and deeper and broader collaboration between China and the US in technology, innovation and entrepreneurship,” said Li Rui, co-chair of MIT-CHIEF and a third-year doctoral candidate in electrical engineering and computer science at the university.

On Nov 19-20, four entrepreneurs will make keynote speeches at the conference: Zhang Yaqin, corporate vice-president of Microsoft Corp; Thomas Li, vice-president of IBM; Sonny Wu, co-founder and managing director of GSR Ventures, a venture capital fund which invests in technology companies with operations in China; and Wang Shi, chairman of China Vanke Co Ltd.

One interesting aspect of the forum is a contest called “Pitch to China”, which allows teams of students to sell a business idea.

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