Established in August 2006, Shanghai University Students' Science and Technology Entrepreneurship Foundation (EFG) is the first non-profit public offering foundation in China to promote university students' science and technology entrepreneurship. The foundation encourages scientific and technological innovation and also subsidizes entrepreneurs from all walks of life. The Foundation is committed to spreading entrepreneurial culture and supporting entrepreneurial practice, aiming at exploring a road of "two-wheel drive" system and mechanism innovation based on public welfare and supported by the market.