SHANGHAI is promoting entrepreneurship and innovation during a week of activities that will culminate in recognizing multinational companies which have helped the city toward its goal of a technological hub.

The Week of Mass Entrepreneurship and Innovation, which was launched yesterday and runs till Friday, includes events that promote related supportive policies, fairs that showcase the latest progress of some innovative firms, as well as honoring entrepreneurs and inventors.

A ceremony to reward multinational companies which made contributions to help Shanghai’s ambition to become a global technology innovation center will be held on Thursday. The award scheme, launched by Shanghai Daily and online news provider Eastday.com, has selected 40 winning MNCs in recognition of their promotion of innovation in the city.