About the Foundation

Shanghai Technology Entrepreneurship Foundation for Graduates (EFG) was established in August 2006 and is the country's first non-profit public foundation that motivates college students to undertake technology entrepreneurship. The foundation is committed to spreading the culture of entrepreneurship and supporting the practice of entrepreneurship and is aimed at blazing a path to charity-based and market-supported “public benefit based, market driven" system and mechanism innovation.

Since its inception, EFG has been using specialized teams and pooling social resources to carry out key work in fields such as entrepreneurial culture, entrepreneurial studies entrepreneurship education and entrepreneurship projects. It has set up 15 sub-foundations and five specialized sub-foundations in conjunction with various colleges and universities, districts, counties and incubators to build the country's first non-profit public foundation that spreads the culture of entrepreneurship and motivates college students to undertake technology entrepreneurship. The foundation committed to spreading the culture of entrepreneurship and supporting the practice of entrepreneurship is aimed at blazing a path to charity-based and market-supported "two-wheel driven" system and mechanism innovation.

In 2014, EFG received a total of 896 entrepreneurship project applications and funded 239 projects,  with the amount of funding reaching 51.08 million yuan. By the end of August 2015, EFG had received a total of 4697 project applications and funded 1192 projects with the total amount of funding reaching 221 million yuan, creating nearly ten thousand jobs.