Core Viewpoint - The integration of technological innovation and industrial innovation is exemplified by the promotion of the first set of products in Zhejiang Province, aiming to accelerate the transformation of innovative achievements into new productive forces [1][3]. Group 1: Definition and Current Status - The concept of "first set" includes first equipment, first batch materials, and first version software as defined in the 14th Five-Year Plan [3]. - As of now, Zhejiang Province has cultivated a total of 2,969 first set products, including 2,353 equipment, 253 materials, and 363 software [3]. - In 2024, 63% of the newly recognized first set products in Zhejiang are expected to reach international advanced and leading levels, with a 68.4% increase in new products in the new generation information technology equipment sector [3]. Group 2: Policy and Market Positioning - The policy issued in 2024 aims to enhance the insurance compensation for first set major technical equipment and first batch new materials, emphasizing the importance of achieving significant technological breakthroughs and possessing independent intellectual property rights [4]. - The first set products are crucial for China to seize technological high ground and market initiative, particularly in the power industry, where the development of large-scale equipment is essential for clean and low-carbon transformation [5]. Group 3: Case Studies and Innovations - Zhejiang Feida Environmental Technology Co., Ltd. developed a "1350MW-level ultra-large electrostatic precipitator," recognized as an international first set equipment, which supports the transition to larger and more energy-efficient coal-fired power units [5][7]. - Ningbo Huayi Ningchuang Intelligent Technology Co., Ltd. has developed a domestically produced single-cell metabolite analysis mass spectrometer, filling a technological gap in the high-end equipment sector [9]. Group 4: Government Support and Future Initiatives - The Zhejiang government has initiated a project for engineering breakthroughs in first set products, allowing companies to register and enter a system for project tracking and support [12]. - Key areas for the engineering project include intelligent equipment, energy-saving and new energy vehicles, advanced environmental protection equipment, and high-end medical equipment [13]. - Since 2015, the insurance compensation mechanism for first set major technical equipment has provided nearly 1 trillion yuan in risk protection for various major technical equipment and key new materials [13][14]. Group 5: Financial Incentives - In 2024, Zhejiang will offer financial rewards for recognized first set equipment, with 2 million yuan for international first set equipment, 1 million yuan for domestic first set equipment, and 500,000 yuan for provincial first set equipment [14].