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    CEIBS Beijing
  • About CEIBS

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    CEIBS Shanghai
Friday, November 11, 2016

Driving Innovation in China

Global Innovation & Entrepreneurship Forum 2016 Held

November 11, 2016. Shanghai – Harnessing global insights to push forward innovation opportunities in China’s healthcare, technology and cultural industries was the focus of discussions at the Global Innovation & Entrepreneurship Forum 2016 held today on the Shanghai Campus. The event kicked off this year’s CEIBS Alumni Reunion which features three days of forums, and social and sporting events at the Shanghai Campus.

Quoting American technology entrepreneur Jeff Bezos, the founder and CEO of Amazon.com, CEIBS President Prof. Li Mingjun said in his Welcome Address that we must always lean into the future; true innovators are always those who are able to drive people out of their comfort zones, and towards the future – CEIBS is where innovators’ entrepreneurial dreams are being realized. “As an international business school rooted in China, we are dedicated to educating the best entrepreneurial minds of the world with our ‘China Depth, Global Breadth’ in terms of teaching and alumni resources,” President Li said.

Attendees also heard from Dr. Peter H. Diamandis, an American entrepreneur best known for being the Founder and Chairman of the X Prize Foundation, and the Co-Founder and Executive Chairman of Singularity University, an institution focusing on scientific progress and “exponential” technologies.

“Technology is that force which makes scarce things abundant,” said Diamandis, who believes its technological progress that fuels human advancement. He also reviewed how progress in AI (artificial intelligence), robotics, AR&VR (augmented & virtual reality), the ubiquity of broadband networks, digital manufacturing, synthetic biology, and many other exponentially growing technologies will enable us to make greater gains in the next two decades than we have in the previous 200 years.

CEIBS former president, Zhongtian Chair in Management, Professor Zhu Xiaoming gave a preview of the future mega trends that will be driving entrepreneurship. “Mr. Diamandis just mentioned we are living in a time of abundance, but it’s also a time of leftovers,” Prof. Zhu said. “When Singularity approaches, those who are not innovative or prepared to change will be left over forever.”

Managing Partner of Cathay Capital and Former Vice Minister of Finance of France, Mr. Bruno Bézard discussed what governments can do to accelerate innovation. He thinks the key is to create an appropriate environment to help innovators, especially start-ups. Bézard listed seven major areas governments should focus on to facilitate innovation: infrastructure, education, intellectual property protection, paring back red tape and bureaucracy, cluster creation, tax policy and funding.

The morning session ended with a lively dialogue between the keynote speakers and Chairman of Kuan Capital and Founder of Kuanroad Global Co-innovation Alliance Mr. Kuan Xin. Kuanroad Global Co-innovation Alliance co-organized the Forum. The panel discussion focused on how China leverages global insights and resources to co-innovate with other players. Kuan encouraged Chinese innovators to look further and look abroad. In the afternoon session, the audience heard from industry leaders and renowned academics about innovation opportunities and commercial prospects in healthcare, AR&VR, and cultural industries.

David Yu
Janine M. Coughlin