Ten years of sharpening a sword, the convergence of social forces, empowering China's emerging high-quality public welfare charity projects.

Ten years to start again, serving the national strategy, to help the sustainable and high-quality development of public welfare.

According to statistics, from 2012 to 2021, the China Charity Project Competition has selected and empowered a total of 9,429 emerging charity projects with the most development potential for 10 consecutive years, covering 34 provinces and cities, Hong Kong, Macao and Taiwan, with a total of 580 projects funded and empowered, with a total investment of 46.7 million yuan of Fu Cai public welfare funds, driving the socialization of more than 80.1 million yuan of project funding, resulting in resource matching over The total investment of the lottery fund was 46.7 million yuan, which led to more than 80.1 million yuan of socialized projects and more than 500 million yuan of resource matching, achieving a 1:24 leveraging effect of public welfare funds.

Ten years of craftsmanship, polishing the golden brand of public welfare venture capital

As the first platform for funding public welfare projects in the country, it provides public welfare advisory services for high net worth individuals and corporate social responsibility donations based on the 8,000+ public welfare projects in the competition. As the first platform for funding public welfare projects in China, it provides public welfare consulting, customized planning, and effectiveness management for high net worth individuals and corporate social responsibility donations, and has docked resources worth RMB 200 million, building a bridge between public welfare projects and the capital market.

Based on the operation experience of the competition, the Shenzhen Social Welfare Foundation, the executive unit, together with 13 organizations such as China Rural Development Foundation and China Charity Federation, drafted and published the first group standard of public welfare venture capital in China, "Operation Guide of Public Selection Category of Public Welfare Venture Capital"; selected and sorted out 20 representative high-quality projects, and published "Public Welfare Venture Capital, Ten Years a Sword - China Public Welfare Charity Project Competition The project case studies of outstanding projects are published to lead the professional development of China's philanthropic venture capital field with practical results.

The competition will focus on both potential and effectiveness, and select emerging projects to promote the long-term development of public charity

In 2022, the China Philanthropy Project Competition will start a new decade. This year's competition was launched on June 27, 2022, and received a total of 668 submissions from 31 provinces (urban areas) through a wide range of communication methods and channels. Among them, there were 546 projects in the main race and 122 projects in the Shenzhen track.

After the three-stage evaluation mode of "finalist, advancement and final roadshow", the top 30 projects (top 20 in the main competition and top 10 in the Shenzhen track) were selected. The quality, effectiveness and sustainability of the competition projects have been further improved, especially the advancement rate of less than 5%, which shows that the community's attention and enthusiasm for the competition are getting hotter and hotter, and the gold content of the competition is also gradually improved.

The organizing committee of the competition also pushed the envelope by focusing on "selecting and empowering emerging high-quality public welfare projects", focusing on the construction of "special track, post-investment empowerment and public welfare venture committee". The competition set up the main course to serve rural revitalization and sustainable development, opened the Shenzhen track for the first time to help innovative livelihood services, and selected emerging high-quality public welfare projects that are effective and innovative according to the idea of "unified declaration, independent evaluation and cultivation of high-quality products", and provided funding and effective implementation to the top 30 projects that entered the final round. The three major initiatives of "Social Innovation Seed Cultivation Plan, Joint Fundraising Support Plan and Public Welfare Venture Capital Empowerment Plan" promote and replicate innovative social problem solving models and lead the long-term development of public welfare and charity.

Throughout this year's competition, there are many innovations and highlights. For example, in line with the national strategy and to serve the concerns of rural revitalization and people's livelihood, the contest uses the public welfare venture model and sets up the main course and Shenzhen track system to stimulate the endogenous power of society and the spirit of grassroots initiative, so as to gather the social power to comprehensively promote rural revitalization and vigorously improve people's livelihood.

The main competition has been upgraded from "selecting and empowering the most promising new public welfare projects" to "selecting and empowering emerging quality public welfare projects", which means the competition has changed from focusing on the development potential of projects to emphasizing both the development potential and effectiveness of projects. This means that the competition has changed from focusing on the development potential of projects to emphasizing both the development potential and effectiveness of projects, and applying the basic concepts and methods of venture capital and entrepreneurial investment to accompany the growth of new forces and promote the high-quality development of philanthropy.

The Shenzhen track, which was established for the first time, focuses on the goal of "seven livelihoods", which is to "provide care for the elderly, raise the young and support the weak", and to explore and cultivate high-quality innovative projects that serve the "old and the young" and special difficulty groups. This reflects the adherence to the people first.

Based on the successful creation of the Shenzhen track, the competition will continue to enhance the Shenzhen track and expand other regional tracks and special tracks. For example, we will replicate the Shenzhen track model, link resources from all over the world, and promote the establishment of other regional tracks; set up a special track for college students to promote the concept of philanthropy and public welfare, to wet more youth power, and attract college students to pay attention to and join innovation and entrepreneurship in the social field.

Promote the standardization, specialization and refinement of public welfare venture capital

Shenzhen is the pioneer, forerunner and experimental zone of reform and opening up, and also the place where China Philanthropy Project Exchange and Exhibition was founded and permanently settled. As an important part of the China Charity Exhibition, the China Charity Project Competition will nurture and empower social organizations to take a new road of catching up along the ambitious blueprint of the new era.

In the future, the competition will continue to play a professional leading role and release the "Shenzhen Standard" for public welfare ventures. Using the competition as a case study and relying on the group standard of public welfare venture capital, the competition will take the lead and join hands with more than 10 organizations to compile the local standard of Shenzhen Public Welfare Venture Capital Operation Guide, which will compile the key elements and standard process of public welfare venture capital activities under the public selection system in a comprehensive, complete and accurate manner, and make it widely applicable to many public welfare venture capital activities in Shenzhen. The competition will play a leading role in forming an ecological mechanism to guide the standardization, specialization and refinement of the industry's public welfare venture capital activities.

It is reported that, under the framework of the Organizing Committee of China Charity Project Competition, Shenzhen Social Welfare Foundation, the executive unit, has taken the lead in establishing the Public Welfare Venture Capital Committee to promote the high-quality development of China's public welfare venture capital. Relying on the group standard "Operation Guide for Public Benefit Ventures in Public Selection Category", the committee will establish a joint action mechanism for public benefit ventures, and promote the concept of public benefit ventures in various provinces and cities by using the group standard as a guide; promote the China Charity Project Competition as a benchmark project for public benefit ventures and a hub for joint action by all parties to enhance the professional operation of public benefit ventures in various fields and regions; rely on the China Charity Fair to launch the The annual conference on public welfare venture capital will be held to discuss, exchange and showcase achievements in the field of public welfare venture capital and lead the healthy and orderly development of public welfare venture capital in China.

During the online judging session of the final road show of the 2022 China Philanthropy Project Competition, the Committee was officially inaugurated and eight organizations committed to promoting the development of public welfare projects or social organizations and with rich operational experience in public welfare venture capital became the first members, marking a solid platform for China's public welfare venture capital in terms of ecological capacity building, resource integration and research advocacy. The Committee will bring together more social resources, build the social influence of the platform, and promote the systematic and large-scale development of public welfare venture capital activities.

Source: Shenzhen Business News