Internet start-up coffee is strong, if you don't drink it, you will OUT.

The number of start-ups in China reached an all-time high of 3.65 million in 2014, equivalent to an average of 10, 000 companies a day, according to the data.

In 2015, entrepreneurship became an absolute "hot word".

On June 16, the full text of the Chinese government website released the "opinions of the State Council on policies and measures to vigorously promote Mass Entrepreneurship and Innovation" (hereinafter referred to as "opinions"). After entering the "creation era", the government's policies to encourage entrepreneurship have been further strengthened.

Prior to this, Premier Li Keqiang exchanged views with young entrepreneurs on Zhongguancun Entrepreneurship Street and drank a cup of "Internet coffee" on May 7, followed by a number of policies to encourage mass entrepreneurship.

On March 11, the General Office of the State Council issued the guidance on developing Mass Innovation and Entrepreneurship, making arrangements to promote mass entrepreneurship and mass innovation, and supporting public services, financial support, and investment and financing mechanisms.

On March 5, Premier Li Keqiang pointed out in the government work report to promote mass entrepreneurship and innovation. This can not only expand employment and increase residents' income, but also help to promote vertical social mobility and fairness and justice.

This "opinion" contains 30 "magic weapons" to encourage entrepreneurship.

Institutional Innovation to enhance Public enthusiasm for Entrepreneurship

Li Zuojun, deputy director of the Resource and Environmental Policy Research Institute of the Development Research Center of the State Council, said: "promoting mass entrepreneurship and innovation is a realistic requirement and inevitable choice for China to achieve sustained, stable and healthy economic and social development. To promote mass entrepreneurship and innovation, the key is to rely on institutional innovation to stimulate people's enthusiasm and enthusiasm for entrepreneurship and innovation. "

In the process of entrepreneurial innovation, everyone needs to make an investment, pay a certain cost, and take risks at the same time. Only when the subjects of entrepreneurial innovation feel that their benefits are greater than the costs, will they have the power of sustainable innovation. Therefore, in order to promote mass entrepreneurship and mass innovation, we must first carry out institutional innovation guided by stimulating people's enthusiasm for entrepreneurial innovation.

In the basic market environment in which an enterprise grows from scratch, as long as the market is equal in opportunity, free in and out, property rights protection and improper intervention are minimized, it intrinsically promotes people to innovate and start a business. This is an inclusive environmental incentive, regardless of ownership, all enterprises are under the constraints of the same system, fight for innovation, service, price, rather than relationship.

The government subtracts in order to clear up the obstacles of starting a business.

Wang Yongjun, dean of the Institute of Finance and Economics of the Central University of Finance and Economics, said: "the most important thing to encourage entrepreneurship is to create an entrepreneurial atmosphere and clear the barriers for entrepreneurship."

Newborn calves are relatively "weak", so it is necessary to break down obstacles and simplify procedures for entrepreneurship. The "opinion" points out that it is necessary to speed up the implementation of the industrial and commercial business license, organization code certificate, and tax registration certificate "three certificates in one" and "one photo and one code" and implement the reform of "license first and then certificate".

From the recent introduction of a series of policies to support entrepreneurship, in order to support entrepreneurship and create a good entrepreneurial atmosphere, the government mainly does subtraction, such as streamlining administration and delegating power, downsizing power, and avoiding rent-seeking. The "opinions of the State Council on vigorously developing e-commerce and speeding up the cultivation of a new driving force for the economy" released on May 7 put "creating a loose development environment" in a very high position.

In addition, the "opinion" also makes it clear that all localities should gradually clean up and abolish the systems and regulations that hinder the development of entrepreneurship, and break local protectionism. We will fight against monopoly and unfair competition in accordance with the law, and eliminate monopoly agreements, abuse of market dominance and other acts of unfair competition that are not conducive to the development of entrepreneurship and innovation.

Strengthen the protection of intellectual property

In terms of intellectual property rights, the "opinion" points out that we should improve the assistance mechanism for the rapid protection and protection of intellectual property rights, and shorten the cycle of examination and infringement of intellectual property rights. We will focus on investigating and dealing with a number of major cases of infringement of intellectual property rights, increase penalties for repeated infringement and malicious infringement, and explore the implementation of the system of punitive damages.

Dr. Li Hongjian, a teacher at the China Institute of Labor Relations, said: "if we do not strengthen the protection of intellectual property rights, startups will work hard to develop a good product, but it will easily be imitated, plagiarized and 'copycat'. It is likely to eventually lead to entrepreneurial failure. Therefore, while encouraging entrepreneurship, we should continue to increase the protection of innovative inventions and intellectual property rights. "

Or trigger a wave of return of Chinese stocks.

The opinion points out that it supports eligible start-ups to go public or issue bills for financing, and encourages start-ups to raise funds through the bond market. We will actively study the system of issuing and listing unprofitable Internet and high-tech enterprises on the gem, and promote the establishment of a strategic emerging industry board on the Shanghai Stock Exchange.

The cultivation and growth of emerging enterprises is inseparable from the support of the capital market. However, the existing market system and issuance system of China's capital market pay more attention to the characteristics of traditional enterprises, and lack of institutional arrangements for high-tech enterprises and start-up enterprises that have not yet made a profit. as a result, it is difficult for emerging enterprises to enter the capital market and obtain financing support.

Previously, Liu Shian, deputy general manager of the Shanghai Stock Exchange, pointed out that the new board of the construction strategy is in line with the national innovation-driven development strategy, can also meet the practical needs of emerging enterprises, and is conducive to the development of multi-level capital markets. at the same time, it will also provide an effective exit channel for venture capital invested in emerging enterprises.

Internet financial practitioners say that encouraging temporarily unprofitable Internet companies to go public is a shot in the arm for entrepreneurs struggling on the front line of the Internet. Previously, some potential Internet companies could only choose to list overseas because of policy restrictions in the domestic capital market. After the landing of the policy, some potential Internet companies will increase high-quality investment targets for the domestic capital market, or trigger a backflow of US-listed stocks.

Create a new economic growth pole

Liu Yuanchun, deputy dean of the School of Economics at Renmin University of China, said that in the short term, there is great downward pressure on China's economy, and promoting "mass entrepreneurship and mass innovation" is conducive to promoting "entrepreneurial innovation chain supporting industrial chain, industrial chain driving employment chain" and alleviating employment pressure.

Since last year, "mass entrepreneurship and mass innovation" has become a hot word at the executive meeting of the State Council. The executive meeting of the State Council has studied and discussed entrepreneurship and innovation nine times and introduced a series of policies and measures. Since the beginning of this year, the pace of work on entrepreneurship and innovation has been significantly speeded up, and the executive meeting of the State Council discussed the deployment of entrepreneurship and innovation five times in the two months before the two sessions of the State Council this year.

Then, at the two sessions of the National people's Congress this year, "mass entrepreneurship and mass innovation" rose to a new height again. While being included in this year's government work report, it has also been officially upgraded to one of the "twin engines" of China's economic growth.