From innovative ideas to major breakthroughs in turning ideas into product prototypes, to realizing the transition from product prototypes to mass production, and finally winning the recognition of the market, what skills have innovative entrepreneurs who have crossed the "valley of death" mastered? You may find the answer at the "Introduction to Impulse Programme" held by the CUNJC on the afternoon of 18th March.
The Introduction was held with the support of the International Cooperation Office of Southeast University and the International Innovation and Transformation Institute of Shandong University. Both of the two universities are important partners of the CUNJC in China.
During the two-hour live broadcast, Yupar Myint, Head of the Impulse Programme of Cambridge University, Ye Zhirui, Director of the International Cooperation Office of Southeast University, Qiao Yue, Vice Dean of International Innovation and Transformation Institute of Shandong University, and Jiang Han, Secretary-General of the Jiangsu Science and Technology Business Incubator Association, together with the former participants of the Impulse Programme and Chinese mentors, exchanged with online audiences including college students, researchers, and entrepreneurs, etc., and conducted a discussion on establishing the closed loop of innovation ecology of technology-based projects. Albert Wu, General Research Manager of the CUNJC, presided over the event.
From Isaac Newton to Charles Darwin, from Alan Turing to Stephen Hawking, the University of Cambridge has been leading global scientific and technological innovation for centuries, and has trained more than 120 Nobel Prize winners. Especially since the 1960s, Cambridgeshire, with the University of Cambridge as the core and an area of less than 3,500 square metres, has nurtured a high-tech innovation cluster comparable to Silicon Valley in the United States - "Cambridge Silicon Fen", with more than 5,300 knowledge-intensive enterprises including ARM and Astrazeneca rooted here. These enterprises are directly or indirectly associated with Cambridge University, covering fields such as IT and telecommunications, life sciences, high-tech manufacturing, and technical services, and more than 67,000 local employees have been hired.
A report shows that as of last December, the region's total annual turnover was 18 billion pounds, with 308.7 patents per 100,000 people. The five-year survival rate of start-up companies invested by "Cambridge Enterprise", an intellectual property commercialization agency affiliated to the University of Cambridge, is as high as 92%.
A question worth exploring is how these scientists and researchers from university campus who master hard-core technology can exert their research capabilities in the industry with ease, realizing the university's mission of contributing to society with knowledge and academics. The science and technology innovation training programs of the Cambridge University represented by the Impulse Programme is an indispensable key part of it.
"A survey shows that most of the high-tech companies that make up the Cambridge cluster are related to a small number of serial entrepreneurs, business angel investors and venture capitalists", Yupar Myint emphasized, "social capital is particularly critical in the formation of Cambridge cluster. The Impulse Programme is dedicated to building local social networks and gathering innovative resources for participants.”
Specifically, at the Impulse Programme of the University of Cambridge, participants will develop deep relationships with key players in the Cambridge cluster, and create "high-potential" business cases that transform technical thinking into more broad business perspective, accelerating the development of new skills and frameworks that contribute to business ideas and success. They will obtain valuable feedback from experienced investors, and finally fully absorb the business innovation capabilities endowed by the Programme.
Secretary-General Jiang Han said that under the background of the country's advocacy of "mass innovation and entrepreneurship" and the implementation of the innovation-driven development strategy, the introduction of internationally advanced Cambridge experience in technological innovation and achievement transformation into China is worthy of reference by domestic universities and industries. He said that under the circumstance that overseas exchanges are restricted due to the global epidemic, the CUNJC, as a hub, strives to introduce international advanced innovation and entrepreneurship experience, which is invaluable.
In fact, for technological entrepreneurs, there are various business problems and needs at different stages from product prototype development, product pilot testing, market reliability testing, and finally to the market. " To practice Cambridge University's tradition of contributing to society with academics and knowledge, and to serve the needs of local entrepreneurship and innovation, as a bridge linking Chinese and foreign resources, the CUNJC introduced the Impulse Programme of Cambridge University into China for the first time," introduced Albert Wu, "The Impulse Programme 2022 will carry out more customized content for local technological entrepreneurs. The comprehensive model of Cambridge innovation experts + local mentors + group learning will be adopted to help technological innovation groups implement business ideas feasibly, and to guide entrepreneurs to get through the transformation from laboratory to market."
Carrying out application-oriented scientific and technological research and development is closely related to the transformation of achievements and innovation and entrepreneurship. As the first research institution established by the University of Cambridge outside the UK, and the only overseas scientific and technological innovation centre bearing the name of the University of Cambridge, the functions of the CUNJC cover international high-end original scientific research projects, innovative research and development, achievement transformation, international academic exchanges and talent training. The Centre will continue to make efforts to train technology-commercial compound talents with international vision, and empower technological innovation and entrepreneurship.