Qingdao invests 1.2b yuan to build VR industrial park
The eastern coastal city of Qingdao, Shandong province will invest more than 1.2 billion yuan ($169.2 million) to build the Virtual Reality Industrial Park and support VR enterprise incubation in the next three years.
During the 2022 World Virtual Reality Innovation Conference held on Sept 22, the city released several policies supporting the development of the Virtual Reality Industrial Park.
A visitor experiences immersive VR watching during the 2022 World Virtual Reality Innovation Conference. [Photo provided to chinadaily.com.cn]
The policies cover park construction, enterprise cultivation, project attraction, technological innovation, platform building, talent gathering, industry exchanges and other areas, which aim to provide an all-round guarantee for enterprises and projects from incubation to expansion.
Qingdao has been ramping up efforts to promote the sound development of the VR industry. Currently, the new scientific and technological revolution is represented by digital technology, life sciences are progressing rapidly with each passing day, and the VR industry is becoming one of the most dynamic sectors.
To promote healthy development of the industry, Qingdao will continue to pay close attention to basic research and innovation, create a sound environment for development, cultivate talents, and carry out international cooperation, according to local officials.