Hangzhou rolls out policy support for AI-powered solo startups
The policy outlines 12 measures spanning areas such as market entry, compliance guidance, rights protection, credit support and regulatory oversight.
The policy outlines 12 measures spanning areas such as market entry, compliance guidance, rights protection, credit support and regulatory oversight.
The exhibition comes as Zhejiang cements its status as one of China’s most advanced industrial ecosystems.
Zhejiang has remained one of China’s most active IPO regions, with the province accounting for eight deals — roughly a quarter of the total in the first quarter of 2026.
These programs target core technology breakthroughs and foundational research that underpins industrial growth.
Zhejiang’s total marine output ranked fourth nationwide behind Guangdong, Shandong and Shanghai, accounting for 11.6% of China’s overall ocean economy.
At the same time, the province launched 5,325 technology-upgrade projects under a broader industrial modernization initiative, with planned investment totaling 694.3 billion yuan.
Jiangsu ranked second with five listings, followed by Guangdong and Anhui with two each, highlighting Zhejiang’s widening lead in both listing volume and fundraising scale.
This figure outpaced the national average and ranked ahead of Jiangsu’s 8.0% and Shanghai’s 8.0%, with only Anhui posting a higher growth rate of 11.2%.
By emphasizing long-term, “patient” investments, the initiative aims to support high-tech startups through every stage of their development — from initial research to full-scale industrialization.
Hangzhou’s Runmiao Fund, with an initial size of 2 billion yuan ($290 million) and a 20-year lifespan, focuses on providing first-round financing for early-stage technology firms.