Hangzhou National  Innovation Demonstration Zone. [Photo/zjol.com.cn]

In August 2015, the State Council officially approved the construction of the National Innovation Demonstration Zone in Hangzhou National High-tech Zone, Zhejiang province, the 10th of its kind nationwide. The Hangzhou National Independent Innovation Demonstration Zone was officially unveiled in April 2016. 

As a national independent innovation demonstration zone, it focuses on exploring cutting-edge technologies and promoting the development of local high-tech industries. 

Hangzhou High-tech Zone has formed an industrial cluster for the digital economy, including big-data, cloud computing, and a new generation of artificial intelligence. Industrial giants such as Alibaba, H3C, Hikvision, Zhejiang Zhongkong, Concentration Technology, and Hang Seng Electronics have established offices in the zone. Hangzhou High-tech Zone currently has 700 national high-tech enterprises, 41 listed companies, and 104 new three-board listed companies settled in the area. 

Hangzhou will strive to build the Hangzhou National Independent Innovation Demonstration Zone into an innovation-driven center.