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1、Proposal for Junior Achievement ProjectYanqin FuXiaoping HuSouth Westfalia University of Applied ScienceTable of ContentsExecutive Summary .1Statement of Need.2Project Description.4Project Evaluation.7Budget.8Organization Profile.12Timeline .13Conclusion .14Appendices.15Brilliant 1Executive SummaryW
2、ith the fast growth of college graduate population, it is more and more difficult for students to find a job. Under this circumstance, setting up new businesses is becoming an effective way out. The government of China is laying great effort to encourage students to start up businesses. “Booming pri
3、vate capital is key to overall economic development”, says Prime Ministry Wen Jiabao. However, the lack of knowledge and experience is setting obstacles for the students. Therefore, we need urgently to strengthen students ability in doing business. This proposal aims at introducing how the organizat
4、ion “Brilliant” plans to carry out the project of fostering entrepreneurship of college students in Hangzhou, and asking for a fund of 833,000 yuan to support the project.Brilliant 2Statement of NeedAccording to the Ministry of the Human Resource and Social Security of Peoples Republic of China, the
5、 number of graduate students reached 6.99 million in 2013. It is the greatest number of students ever since China was founded. However, as the economic growth rate slows down, the increase in the number of jobs falls short of the increase in the number of graduate students. According to a survey con
6、ducted to 500 companies in February, the expected recruitment rate would drop by 15% in 2013. That means, the graduate students are facing a tougher employment environment and the society is facing more unemployment problems and other related economic and social problems. Hangzhou, as one of the Fir
7、st-tier cities, with 446.7 thousand college students, is undoubtedly facing the same problems too. Hangzhou has a GDP of 701.9 billion in 2011, and the annual economic growth rate has been above 10% since 2003. Although the government in Hangzhou has been encouraging graduate students to become entr
8、epreneurs, the confidence index in setting up businesses is falling in the recent years and reached the lowest point of 80.11 in 2012. According to statistics, 1/3 of the graduates who started their own business three years ago gave up their business. One of the biggest reasons is that the graduate
9、students lack ability and experience in running businesses. As a result, many graduate students have to take jobs with lower wages or longer Brilliant 3working hours or simply become unemployed. The employment report of Chinese graduates showed that about 14% of graduate students are underemployed.
10、Underemployment is defined by International Labor Organization an underutilization of the productive capacity of the employed population. Underemployment has significant impact on the society. It is associated with many of the same consequences that come with unemployment such as decreased national
11、productivity, heavier social burdens, increased risk of depression and stress, lower self-esteem and low subjective well-being (American Psychological Association).Statistics also show that the job satisfaction degree was not high for graduates. Its only 35% for those who graduated in 2008 and have
12、been in the work force for 3 years, 47% for those who graduated in 2011 and have been in the work force for half a year. Low job satisfaction could lead to poor work performance, higher employee turnover rates and higher stress.Therefore, it is urgent that students be equipped with skills and experience to start up businesses. It is the requirement of the economic development in Hangzhou today and in the future. Setting up businesses not only helps graduates themselves to find a job, it also creates jobs
