Shanghai is boosting its industrial innovation and science & technology capabilities with a new strategic plan focused on fostering a strong ecosystem. The plan emphasizes collaboration between research institutions, universities, and businesses to accelerate technological advancements and commercialization. Key areas of focus include advanced manufacturing, artificial intelligence, biotechnology, and green technology, aiming to become a global leader in these fields. The initiative includes significant investments in infrastructure, talent development, and supportive policies to encourage innovation and entrepreneurship.

The Shanghai government is actively working to attract high-tech companies and researchers, creating a vibrant environment for innovation. This involves streamlining administrative processes, providing funding opportunities, and promoting open innovation platforms. They’re also planning to strengthen the city's role as a hub for international scientific collaboration, facilitating partnerships with leading institutions worldwide. Ultimately, the goal is to build a more competitive and sustainable industrial sector driven by cutting-edge technology and a skilled workforce, solidifying Shanghai’s position as a global innovation powerhouse.