In recent years, Hangzhou's Global Innovation Index has been rising from the 85th place in 2017 to the 14th place in 2022, and ranks the 14th again in 2023.

The Global Innovation Index is released by the World Intellectual Property Organization. It measures a city's capacity of sci-tech output and innovation in two aspects including the number of PCT (patent cooperation treaty) applications and that of scientific publications. The higher the index is, the stronger the regional innovation vitality is.

These innovation achievements come from universities, scientific research institutions and enterprises in Hangzhou. The team of Zhejiang University has successfully developed the long-acting smart insulin, one dose of which can take effect for about one week. This achievement is published in Nature Biomedical Engineering as the internationally renowned journal. Zhijiang Lab Research Team has first discovered the Fast Radio Burst as the mysterious signal from the depth of the universe, which could be seen in Journal of Science. Alibaba DAMO Academy has utilized the AI technology to complete pancreatic cancer screening, which has been released in Nature Medicine.