Hangzhou Seeks Public Feedback: Aiming to Achieve 300 Billion Yuan in Major Scientific and Technological Innovation Investments by 2027

2025-07-21 / Read about 0 minute

Author：小编

The Hangzhou Science and Technology Bureau has unveiled the "Draft Plan for Enhancing the Innovation Ecosystem and Sustained Expansion of Major Scientific and Technological Innovation Investments in Hangzhou", with a goal of reaching 300 billion yuan in significant investment in scientific and technological innovation by 2027. This ambitious target includes research and development (R&D) expenditures surpassing 100 billion yuan, with an R&D intensity of 4.2%. Looking further ahead to 2030, Hangzhou envisions surpassing 400 billion yuan in major scientific and technological innovation investments, with R&D expenditures comprising over 4.5% of GDP.

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