Chinanews, Beijing, Nov. 10 - The Start-up Business Institute of the Mundell International University of Entrepreneurship, the first institute in China that teaches entrepreneurs how to start their businesses, was unveiled on Thursday in Beijing. Seven Nobel Prize winners, including Robert Mundell, the father of the euro, and entrepreneurs from over 100 Chinese big companies, have been invited as guest professors for the newly established institute.

 

Aiming at cultivating some Chinese entrepreneurs for the near future, the school will teach students knowledge about the entrepreneur spirit, mental attitude, management and strategies needed when starting a business. In this way, the school hopes that it can train a number of business managers in China who have the real entrepreneurial spirit. The establishment of the institute fills up a blank in Chinese educational field where there were no schools catering for business beginners before.

 

At the founding ceremony, the institute’s first president Ji Zhiying pointed out that most economists now agreed that the United States could maintain a rapid economic growth for the past decades mainly because there was a revolution in the economic field in the country, where hundreds of thousands of small and middle-sized enterprises maintained the entrepreneurial spirit by starting new businesses continuously. At present, the third entrepreneurial boom is taking place in China. The founding of the institute will play a significant role in boosting the Chinese economy further.