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EY Entrepreneur of the Year Awards 2021 Announced: Innovation, a new generation of entrepreneurs is on the rise

This year is the opening year of the "14th Five-Year Plan", standing at the intersection of history, facing severe and complex international relations, China has faced difficulties, seized opportunities, and rejuvenated with new vitality, while also opening up a stage of high-quality development, taking advantage of the momentum to open a new pattern of development that builds a domestic and international "double cycle".

On December 10, 2021, the list of winners of the EY Entrepreneur of the Year Awards 2021 was officially announced, and this year's selection campaign, with the theme of "Cohesion for Development, Cohesion to Open a New Situation", aims to recognize outstanding business leaders who have not forgotten their original intentions, seized opportunities, and successfully led the transformation of enterprises and achieved leapfrog development in the spirit of exploration and innovation in the post-epidemic era and the global economy full of uncertainty.

It is reported that the selection activity lasted nearly six months, and finally eleven outstanding Chinese entrepreneurs stood out from many candidates and won the honor of "EY Entrepreneur of the Year Award 2021". In the evening, they gathered at the awards dinner in Shenzhen to witness the awards of this year's EY Entrepreneur of the Year Awards. Among them, Yin Zhiyao, chairman and CEO and founder of Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd., and Deng Zhihui, founder, chairman and chief executive officer of Yisi Health Company, were awarded the EY Entrepreneur Award 2021 Chinese mainland and the Hong Kong/Macau Awards of China respectively, in recognition of their entrepreneurial spirit of integrity and innovation, while working hard and deeply in the industry field, firmly grasping the pulse of the times of technological innovation and sustainable development. They will compete for the EY Global Entrepreneur of the Year Awards in 2022.

Diverse entrepreneurs are on the rise

The sudden outbreak of COVID-19 has hit China and the world economy hard, and entrepreneurs are also facing great challenges. In 2021, many factors have led to a more complex and severe economic situation, and more and more Chinese entrepreneurs have their backs to the motherland, work together, continue to innovate and work hard in their respective fields, and open up new ideas and new patterns for development.

Specifically, this year's "EY Entrepreneur of the Year Award 2021" selection shows the new characteristics, new trends and new requirements of China's economic and industrial development at present, and is also more diversified. In addition to covering strategic emerging industries such as high-end equipment, biomedicine, clean energy, new materials, large logistics, and new generation information technology, the award-winning entrepreneurs also include entrepreneurs in traditional consumer retail, high-end manufacturing and other industries.

Bi Shunjie, Co-Chair of the EY Entrepreneur of the Year 2021 Program and Partner of EY's Greater China Practice, said: "The EY Entrepreneur of the Year Award has been held in China for 16 years, and the selection concept is as always to support and promote entrepreneurship. With the rise of China's economy, the quality of local education has been significantly improved, and more and more overseas talents have returned to China to start a business, and we can see that the number of young entrepreneurs is also increasing. "Of course, this also benefits from the state's multi-faceted policy support." Bi Shunjie stressed.

Notably, one of the entrepreneurs who won this year's awards is a woman who is the founder and CEO of a tech company. "In recent years, we have seen more and more women make breakthroughs in their careers, shine on different stages, and improve women's leadership in various fields, and we are also pleased to see more and more female entrepreneurs participating in the EY Entrepreneur of the Year Award. For the past six years, we have worked with EY to encourage continuous innovation and promote entrepreneurship, which is in line with Credit Suisse's vision as an entrepreneur bank in Asia Pacific. ”

According to public information, the EY Entrepreneur of the Year Award is a world-renowned entrepreneur award that aims to differentiate the industry by encouraging potential individuals to practice entrepreneurship in a unique way and recognising entrepreneurs for their ability to inspire others with their insights, leadership and achievements. The EY Entrepreneur of the Year awards are the first business awards of its kind and are held in more than 145 cities in more than 60 countries around the world, with a truly global reach. The award is not only a regional and national award, but also a global award for entrepreneurs who have founded and led successful, growth-oriented and dynamic businesses.

Innovation is a new era of entrepreneurial characteristics

Bi Shunjie introduced that entrepreneurs in 2021 have the characteristics of a new era, focusing more on national strategic directions, such as hard technology, big health fields, especially cutting-edge technologies related to medicine and biology, which require innovative technologies.

At present, China's economy has shifted from a stage of high-speed growth to a stage of high-quality development. Innovation is the first driving force leading development, and entrepreneurial innovation activities are the key to promoting high-quality development. Chinese entrepreneurs accurately grasp the opportunities of the times, have the courage to promote technological innovation and market innovation, while attaching importance to technological research and development and human capital investment, actively carry out innovative products and services, and promote the transformation of scientific and technological achievements.

"The current domestic capital market supports innovation for all to see, from the primary market such as VC and PE, to the identification of 'specialized, specialized and new' enterprises, as well as the establishment and attention of the Beijing Stock Exchange, which reflects the highly forward-looking strategy of the domestic general direction." Bi Shunjie said that he was very fortunate to be a witness to this booming market.

In the post-epidemic era, a new pattern of domestic and international dual-cycle development is taking shape, which may become an important economic strategic layout for China in the future, and Bi Shunjie has his own views on how Chinese enterprises can seize new opportunities in the new pattern, take advantage of the momentum, and use technology to accelerate the transformation of business models. He believes that in the post-epidemic era, relying on the country's strong network infrastructure and the popularization of intelligent terminals, the digitalization of all walks of life in China leads the world, and the high-tech industries represented by artificial intelligence and cloud computing and industries such as big health and new energy will usher in huge development space on a global scale.

According to the reporter's understanding, technological innovation is not only applied to EY's core business audits, such as the newly released blockchain audit platform, at the same time, EY combines its in-depth understanding of various industries and professional experience accumulated over the years to help customers promote digital transformation more efficiently and win opportunities for future development.

On the basis of the 16 years since the EY Entrepreneur awards landed in China, pioneering and innovating has been an important indicator of its exploration and recognition of entrepreneurs, and on this basis, Huang Yin, co-chairman of the EY Entrepreneur of the Year 2021 project and EY South China Managing Partner, added: "The EY Entrepreneur of the Year Awards program has been committed to discovering and commending Chinese entrepreneurs who are patriotic, pioneering and innovative, honest and law-abiding, courageous in social responsibility and have an international perspective. While leading enterprises to become bigger and stronger, this year's award-winning entrepreneurs actively fulfill the social responsibilities of entrepreneurs in the new era, and generally incorporate the 'double carbon' goal into the long-term strategy and core values of enterprises, contributing to the sustainable development of China's economy. ”