Page 2 - 201909G20Entrepreneurship Newsletter

China: Ministry of Education Issued the "Administrative Measures for National College
Students' Innovation and Entrepreneurship Training Program"

In July 2019, the Ministry of Education of China issued the improve the ability of personnel training, and cultivate high-level
"Administrative Measures for National College Students' Innovation innovative and entrepreneurial talents that meet the needs of the
and Entrepreneurship Training Program" (referred to as "Measures"), construction of innovative countries. The “National Innovation
actively guiding local colleges and universities to deepen the reform Plan” implements project management and is divided into
of innovation and entrepreneurship education, strengthen the three categories: innovation training programs, entrepreneurship
cultivation of college students' innovative and entrepreneurial ability, training programs and entrepreneurial practice projects.
and comprehensively improve the quality of talents training.
The "Measures" clarified the responsibilities of management
In 2007, the Ministry of Education launched the “National departments at all levels, clearly pointed out that the Ministry
College Student Innovation and Entrepreneurship Training of Education is a macro-management department, and the
Program” (referred to as the “National Innovation Plan”), provincial-level education administrative department is mainly
and advocated the innovative practice of taking students as the responsible for project organization and management in the region.
main body in accordance with the principle of “interest-driven, Colleges and universities are the main body of the implementation
independent practice, and emphasis on the process” to promote and management of the "National Innovation Plan".
the comprehensive reform of colleges and universities in terms The "Measures" set some basic selection requirements such
of teaching content, curriculum system and practice links, and as research direction, team members, instructors and financial
enhance the ability of college students to innovate and start their support, and standardize the project launch process. At the same
own businesses. At present, 900,000 college students from more time, the “measures” standardize the project completion and
than 1,000 universities participate in the “National Innovation publication process, and establish a closed information disclosure
Plan”, and a total of 220,000 national-level projects have received and external service system.
funding. The content covers all disciplines and supports about
3.7 billion yuan. The “National Innovation Plan” has become an The "Measures" require that the project process and post-
innovative and entrepreneurial talent foundation training project management should be strengthened. It is clarified that
for all college students. the school needs to establish a management coordination
organization led by the school leaders to determine the competent
The "Measures" adhere to the high starting point, high standards, department; emphasize the responsibility of the project team
strict requirements, give full play to the "National Innovation leader, standardize the conditions for the use of funds, and
Plan" demonstration leading role, focus on strengthening project clarify the relevant incentive policies. The university prepares the
process management, clear communication, incentive and progress report of the “National Innovation Plan” project from
supervision and evaluation mechanism. The responsibilities of the the overall situation of the project, organization and management,
competent department and the project operation process were project implementation, support measures, education and
systematically sorted out.
teaching reform, and implementation effectiveness. The “National
The "Measures" clarify that the implementation of the "National Innovation Plan” project with better implementation of the
Innovation Plan" aims to deepen the reform of innovation project can apply for “National College Student Innovation and
and entrepreneurship education in colleges and universities, Entrepreneurship Annual Meeting."

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Russia: Sberbank Will Increase Its Loan to SMEs in 2019
Sberbank will increase its loan to SMEs in 2019, which was announced at the Eastern Economic Forum “SMEs as a driving force for
economic growth”.
Anatoliy Popov, the head of corporate investment operations, points out that the average interest rate on Sberbank SME loans is less
than 10%. In 2019, Sberbank's loan growth to SMEs will be about twice the overall growth of bank loans.
Last year, Sberbank increased their loans to SMEs by 20% - this is about 1.5 trillion rubles, which is already slightly higher, with a growth
rate of 20%. This year they also expect SME loan growth to be twice the average.
Sberbank and the Far East Development Foundation will allocate 2.7 billion rubles to expand loans to SMEs. The “Affordable Credit
for SMEs” program aims to increase loans for SMEs. The program approved a total of 814 loans worth 12 billion rubles, and the total
number of financing SME projects was 18.3 billion rubles. With the implementation of the program, the loan term has been increased
from 5 years to 10 years. The tax rate has dropped from 14.5% per year to 10%. Investment loans can be obtained from 8.5%.
The Far East Development Fund is a national development agency that provides a flexible approach to project structure and financing.
The fund invests in creating new businesses and infrastructure that have a socio-economic impact on regional economic development,
implements programs that support SMEs, and develops digital services for investors. With more and more entrepreneurs’ information,
banks can offer loans to them at a more competitive price.