Tech empowers young entrepreneurs
The right direction
Also located in the entrepreneurship village, Beijing Volumetric Capture Technology Co, a player in the field of virtual humans, leverages volumetric technology to convert real human images into holographic images, which have been used in TV programs and tourist site videos.
"A business is a journey where nine out of 10 ventures fail," the company CEO Guo Songjie says. "I once worried about my business failing.
"But if we're moving in the right direction, things will work out; and high-tech industries are that right direction," he adds.
In recent years, several enterprises founded by young Chinese entrepreneurs, such as Unitree, DeepSeek and DJI, have demonstrated the innovative vitality of China's youth and the rapid development of the country's high-tech sector.
China's innovation-driven economy is seeing rapid advancements. In 2024, the value-added output of new growth drivers, such as new industries, business forms and models, rose to over 18 percent of the GDP while the value-added output of high-tech manufacturing grew by 8.9 percent year-on-year, outpacing overall industrial growth by 3.1 percentage points, according to official statistics.
Guo says that government support, such as financial subsidies and training programs, also boosts his confidence.
According to the Yuquanying subdistrict, a maximum amount of 3 million yuan will be provided to companies recognized as national high-tech enterprises, or "little giants", as well as those with innovation platforms, such as key laboratories.
Companies in the village also have access to one-stop services, in terms of industrial, commercial and tax registration.
In February, several Chinese ministries, including the Ministry of Human Resources and Social Security and the Ministry of Education, issued a document proposing the building of a support system that integrates "entrepreneurship training, services, incubation, and activities".
"Market potential and the government's support fill us with courage and hope," Guo says.
