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Armed with graduates from top American universities and former employees of foreign tech titans such as Google Inc and Microsoft Corp, the four startups are scrambling to deploy their technology in commercial applications through in-house research and development as well as partnerships with established players.

Apple CEO Tim Cook (R) plays with an iPhone as Jonathan Ive, Apple's Chief Design Officer, looks on during a launch event in Cupertino, California, US, Sept 12, 2017. [Photo/Agencies]

Applicants for the certificates included both domestic and foreign agricultural companies.

Apple Inc's fiscal first-quarter earnings reveal that the company's struggles in China and in its critical iPhone business will continue, while analysts say the tech bellwether could reduce prices to remedy the situation.

Around 3 percent of this year's college graduates are expected to start businesses, up from only 1.6 percent of college graduates who started businesses in 2011, according to a report jointly released by the educational research company MyCOS Institute and Chinese Academy of Sciences (CAS).