Guangdong will build the Pearl River Delta (PRD) into an international center for innovation and startups by 2020. This is according to the implantation plan for the construction of the PRD national self-innovation model zone issued by the Guangdong government on Monday (April 25).
The plan sets the strategic positioning for the PRD as a national self-innovation zone. As the core area for Guangdong's innovation drive, the PRD self-innovation zone aims to become a powerful engine for the province's development.
According to the plan,by 2020, a new industrial system featuring innovation with international competitiveness will be formed in the PRD. Investment in research and development in the PRD region will account for 3% of annual GDP. On average, there are over 150 people out of every 10,000 engaging in R&D.
The scheme also aims to build a group of first class universities and research institutes, infrastructure facilities and labs for major national projects.
A group of high-level scientific and technological incubators will be setup. Mass innovation, crowdsourcing, collective support and crowdfunding platforms will be established. In 5 years, the PRD aims to become home to 6 million professional technicians, 600 incubators and 260 mass innovation companies.
Shenzhen and Guangzhou are positioned as leaders and the other 7 cities in the PRD will play supportive roles.
Guangdong's regional innovation capability has ranked No.2 in China for 8 years in a row. In 2014, Guangdong's self-developed technologies accounts for up to 70% of each project's technological application.