It's a title for high-level R&D institution awarded by the Zhejiang Provincial Department of Science and Technology, the Zhejiang Provincial Development and Reform Commission, and the Zhejiang Provincial Department of Economy and Information Technology. The aim is to fully leverage the leading and exemplary role of outstanding enterprises inner province in promoting technological progress and implementing the innovation-driven development strategy in their respective industries.

Hangzhou Future Factory aims to creating a smart manufacturing benchmark enterprise that fully integrates the new generation of information technology with advanced manufacturing, leading the transformation, upgrading, and iteration of more upstream and downstream enterprises and industries.

Its aim to guide enterprises to continuously deepen the application of new-generation information technology, iteratively improve the capabilities of digital design, intelligent production, digital management, green production and safety management, further enhance the comprehensive economic benefits and core competitiveness of enterprises, lead the innovation of industrial chain, and promotes the high-quality development of the manufacturing industry.