Research on Countermeasures for Youth Talent Innovation and Entrepreneurship Development in Zhejiang Province from the Perspective of Policy Tools

Abstract

Policy tools are the measures governments adopt to stimulate economic development and achieve policy objectives. This study investigates the present status of policies targeting innovation and entrepreneurship of young talents in Zhejiang Province. A three-dimensional analytical framework based on policy tools was constructed to analyze 45 policy texts. The analysis revealed two major issues: first, a lack of comprehensive planning, and second, insufficient interconnection among policies. While the government emphasizes cultivating a conducive environment for the flourishing of youth innovation and entrepreneurship talent, there is a paucity of support and guidance for innovation-driven entrepreneurship and innovation platforms. The challenges confronting the field include outdated policies that fail to meet socioeconomic needs, poor policy coordination, insufficient breakthroughs in innovation, and inadequate mechanisms for assessment, rewards, and evaluation. This study analyzes related policies from the perspective of policy tools, drawing on domestic and international experiences. It also puts forward a series of countermeasures to improve policies supporting innovation, and entrepreneurship of youth talent in Zhejiang Province countermeasures.