Government officials launch the Xihu Venus Talent Program to attract top digital technology projects and skilled workers at a conference held in Yunqi town, Xihu district, on Aug 10. [Photo/hangzhou.com.cn]

Hangzhou, capital of East China's Zhejiang province, held the 2020 Digital Economy Global Sharing Conference to boost the digital economy and attract skilled workers, in Yunqi town, Xihu district, on Aug 10.

At the conference, the local government launched the Xihu Venus Talent Program to encourage innovation and entrepreneurship among young skilled workers.

The program will hold 80 training sessions and establish a 3-million-yuan ($432,000) fund to support innovation and entrepreneurship among young people in Xihu.

This year, the district plans to provide even stronger support for young skilled workers looking to start businesses and carry out innovative technological research.

The local government set aside 1 billion yuan in direct investment funds to support scientific projects, and will offer up to 10 million yuan as startup capital for young people.

Founders of successful enterprises receive awards at a conference held in Yunqi town, Xihu district, Hangzhou, on Aug 10. [Photo/hangzhou.com.cn]

At the conference, a number of researchers, including Deng Zixin, a member of the Chinese Academy of Sciences, and Zhou Nanjia, a specialist at Westlake University, received 96 million yuan in cash to continue R&D projects.

Xihu district is searching for over 100 top projects from around the world involving big data, cloud computing, artificial intelligence, intelligent manufacturing, and intelligent medicine.

The district has already attracted many projects involving the digital economy and agreements for 22 of them were signed online.