Jinan high-tech products are displayed at the 2021 Qingdao New Growth Drivers Fair on July 15. [Photo/jnnews.com]

Jinan is focusing on nurturing innovation in new cutting-edge industries to create a powerhouse in regional economic development, officials said at a news conference hosted by the Shandong Provincial People's Government on July 26.

The city plans to build a number of R&D centers to provide platforms for scientific and technological research. Fifteen institutes related to the Chinese Academy of Sciences will be established in the city. A batch of world-leading scientific devices is equipped in the city's laboratories to help make breakthroughs in key technologies.

The Shandong Institute of Industrial Technology has introduced 174 high-tech enterprises, attracted more than 40 billion yuan ($6.15 billion) in investment and over 3,000 talents, as well as helped make a series of industrial technology innovation achievements.

In addition, the local government has issued incentive policies to attract high-tech talents, with subsidies up to 100 million yuan ($15.37 million). During the 13th Five-Year Plan (2016-20) period, the number of the city's high-tech talents increased from 1.4 million to 2 million.

In the future, Jinan will make use of its role as provincial capital to accelerate sci-tech innovation and promote the city's high-quality development.