Shanghai has taken a significant step forward in its mission to strengthen technological leadership by announcing an enhanced policy blueprint to support the G60 Science and Technology Innovation Corridor. The initiative is expected to position the Yangtze River Delta as a cutting-edge innovation hub with strong industrial capabilities.
The measures place Songjiang district at the heart of the initiative, recognising it as the innovation source and strategic nucleus of the G60 Corridor. Songjiang’s role is to drive collaborative technological development, facilitate cross-regional integration and accelerate high-quality economic growth throughout the delta.
Central to the plan is a new model of coordinated industrial cluster development. The policy prioritises next-generation electronic information industries — particularly intelligent terminal manufacturing — while simultaneously advancing China’s fast-growing aerospace industry, including satellite internet technologies. Together, these sectors are expected to form the backbone of a modern, technology-driven industrial ecosystem.
The policy framework also focuses on extending innovation momentum beyond Shanghai, ensuring the entire Yangtze River Delta benefits from unified planning strategies. Integrated policy alignment covering land allocation, industry planning, scientific development and talent recruitment will help overcome long-standing barriers to regional collaboration.
To strengthen its capability as a technology source, Shanghai is introducing staged funding mechanisms to support applied basic research. Eligible research programmes may receive up to 30 per cent funding support, with a funding limit of 30 million yuan, helping sustain innovation from conceptual phases to advanced development.
Meanwhile, the ambition to build world-class industrial clusters is supported through targeted financial backing. Both the new-generation electronics and aerospace sectors will receive staged financial support of up to 15 per cent of project investment, capped at 50 million yuan, strengthening their competitive edge while promoting large-scale technological industrialisation.
Equally important is the effort to cultivate a strong global innovation ecosystem. The measures provide up to 5 million yuan in start-up funding for cooperative projects, alongside annual operational subsidies of up to 30 per cent — capped at 2 million yuan — to promote international partnerships and continuous technological exchange.
In a major financial commitment to shared innovation resources, Shanghai will also establish a dedicated fund of 2.5 billion yuan over five years. This comprises 1 billion yuan from municipal authorities and 1.5 billion yuan contributed by district finances. The fund is expected to accelerate shared research platforms, technology access and joint innovation programmes.
Through these initiatives, Shanghai is reinforcing its strategic role in China’s innovation landscape. The G60 Science and Technology Innovation Corridor is poised to become a transformative force — enhancing technological integration, strengthening industrial capabilities and shaping the future of innovation in the Yangtze River Delta.