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Fudan University focuses on managing startups

There is obviously a rich entrepreneurial culture in China, as the Shanghai Stock Exchange’s STAR market had 437 listed innovative science and technology companies at the end of July, with an aggregate market value exceeding 5 trillion yuan ($702 billion).

But how can these startups grow and develop sustainably? The Fudan University School of Management on Friday launched a new program to train professionals in managing startups.

According to the school, the program aims to cultivate entrepreneurs and executives in management knowledge and practical skills, as well as the characteristics of startups exhibiting scientific and technological innovation.

The first promotion of 64 students was selected from its management students. Aged 37 on average, they come from industries ranging from biomedicine and new information technologies to new materials and environmental protection. Among them, 24% are entrepreneurs while 63% are professional managers.

After completing the basic courses for master’s degree in business administration, they will learn high-level planning in science and technology innovative enterprises and new trends in technology development and application, and explore new ways of decision-making and management in these companies, according to the school.

They will be mentored by prestigious professors from various disciplines at the university, including management, finance, life sciences and microelectronics, as well as entrepreneurs from well-known science and technology innovation companies, such as Foresight Robotics. and iFLYTEK.

“Science and technology innovation is the engine of human progress and national development,” said Jin Li, chairman of Fudan, at the launch ceremony of the program. “Scientific and technological innovation must be supported by management and young talent.

“Take Fudan for example, we are strong in innovation in advanced and high-end technologies, but to transfer our latest innovation achievements into products that can be accepted by consumers, we need a set of exceptional management talents.

“Fudan School of Management is a pioneer in scientific and technological innovation management research. I look forward to fruitful achievements in this program.”

Lu Xiongwen, dean of the management school, pointed out that the development paths of today’s science and technology innovative enterprises are totally different from those of traditional transnational enterprises.

“New forms and logics of management must be developed to help these companies grow,” he told the students. “I hope most of you will join innovative companies as leaders.”

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