Boosting Innovation Hangzhou Aims to Solidify Its Status as China's Tech Hub Let me know if you have any further questions!

Title Boosting Innovation Hangzhou Aims to Solidify Its Status as China's Tech Hub

Hangzhou, a thriving technology hub in eastern China, is taking bold steps to cement its position as a leading innovation center. As home to e-commerce giant Alibaba and AI pioneer DeepSeek, Hangzhou is poised to become an even more significant player in the global tech landscape.

According to Lou Xiuhua, head of the municipal bureau of science and technology, the city's latest initiatives aim to enhance high-level innovation platforms, promote technology transfer and application, and strengthen the role of enterprises as drivers of technological innovation. To achieve this, Hangzhou will

### Fostering Collaboration

A key partnership plan encourages tech innovation platforms, universities, enterprises, and industrial chains to work together in harmony. This synergy is expected to accelerate breakthroughs in AI, e-commerce, and digital transformation.

### Accelerating Infrastructure Development

Hangzhou will expedite the construction of large-scale models and computing power infrastructure, providing more computing power vouchers to small and medium-sized enterprises (SMEs) at lower costs. This initiative aims to promote innovative applications of AI technologies and digital transformation.

### Launching the AI+ Initiative

Hangzhou plans to introduce an AI+ program that integrates and applies AI across industries, enabling businesses to harness its power and drive growth.

### Reforming Technological Achievement Licensing

The city will reform its policy on applying technological achievements, encouraging universities and research institutions to license their innovations to SMEs under a use first, pay later model. This approach is designed to foster innovation and entrepreneurship while reducing financial risks for startups.

Hangzhou's ambition to become China's tech hub is well-founded. As the capital of Zhejiang province, Hangzhou has already established itself as an important hub in the internet and tech industries, driving advancements in e-commerce, AI, and digital transformation. With these latest measures, Hangzhou is poised to become a major player in the global innovation landscape.

Keywords Hangzhou, China's tech hub, innovation, AI, e-commerce, digital transformation

Edward Lance Arellano Lorilla

CEO / Co-Founder

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