The Hangzhou Future Sci-Tech City Innovation Alliance is launched on May 30. [Photo/Hangzhou Daily]

The Hangzhou Future Sci-Tech City Innovation Alliance, a collaborative effort comprising major research institutes, technology transfer platforms, concept validation centers, incubators, industrial capital, and enterprises in the Yuhang district of Hangzhou, was officially launched on May 30.

The alliance will focus on organizing and developing the extended value chain, strengthening key links, and filling gaps within the industrial ecosystems of the Internet of Things, biomedicine, high-end equipment, new materials, and green energy.

The core objective of the alliance is to promote the on-site transformation of scientific and technological achievements, with the involvement of leading scientific scholars, innovative talent, technological entrepreneurs, and professional technicians. It aims to construct a hub and aggregation platform for the transformation of scientific and technological achievements and industrial innovation services.

After more than a decade of development, Hangzhou Future Sci-Tech City has amassed numerous innovative elements. Its total population has exceeded 400,000, with four provincial laboratories and 1,140 national high-tech enterprises. There are over 60 scientific and technological innovation parks and incubators in the area, creating a thriving environment for innovation.

The launch of the Hangzhou Future Sci-Tech City Innovation Alliance helps position Hangzhou as a leading hub for technological advancement and industrial innovation, contributing to the city's overall growth and competitiveness in the global innovation landscape.