Beijing Municipal Government Issued Work Plan to Boost Innovative Development of Internet 3.0 Industry

03/17/2023 07:18 • Metaverse Matters • 236 views

On March 17th, the Beijing Municipal Commission of Science and Technology, the Zhongguancun Science and Technology Park Management Committee, and the Beijing Municipal Bureau of Economy and Information Technology issued a notice on the “Work Plan for Promoting the Innovative Development of Beijing Internet 3.0 Industry (2023-2025)” to promote the innovative development of Beijing Internet 3.0 industry.

Beijing issues a work plan on promoting the innovative development of Beijing Internet 3.0 industry

Analysis based on this information:

The Beijing Municipal Government has recently issued a work plan to promote the innovative development of the Internet 3.0 industry in the city between 2023 and 2025. The plan was jointly released by the Beijing Municipal Commission of Science and Technology, the Zhongguancun Science and Technology Park Management Committee, and the Beijing Municipal Bureau of Economy and Information Technology. The announcement comes as a significant move towards enhancing the internet industry in China and represents an opportunity for developers and innovators to increase their capabilities.

The work plan aims to create a supportive policy environment, offer financial incentives, and provide support services to startups in the Internet 3.0 industry, which focuses on intelligent networking, intelligent manufacturing, artificial intelligence, and the industrial internet. The initiative will leverage Beijing’s rich experience in science and technology and innovation to realize the vision of a “digital Beijing” – China’s capital city, with a world-renowned reputation for technology development.

The plan’s primary goal is to foster a collaborative environment for businesses and startups. In this regard, the work plan aims to enhance cooperation between research institutes, universities, and industrial zones to increase opportunities for growth and advancement in the industry. The plan will provide qualified enterprises with a subsidy of up to 50% of the total funding they obtain. Qualified startups can receive from RMB 500,000 to 10 million in government subsidies.

Furthermore, the plan seeks to enhance human resources in the industry. The areas of focus for human capital development include promoting talent training programs, organizing academic competitions and exchanges, and improving the market environment for recruiting and retaining talent.

To promote the industry’s innovative development, the work plan will establish a comprehensive credit system and build an intellectual property rights incentive mechanism, providing incentives such as financing and market access to boost growth.

In conclusion, the Beijing Municipal Government’s work plan is a bold move to promote the growth of the Internet 3.0 industry, which has been identified as a pillar of China’s technological future. The plan provides a fitting environment for businesses to optimize their technology and push the boundaries of the internet frontier. The initiative’s benefits to the industrial sector include enhanced competitiveness, job creation, and economic growth.

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