In 2001, shanghai's municipal government set aside 13 square kilometers of land near the huangpu river for university laboratories and start-up firms in microelectronics, digital technology, and life sciences. the project aimed to foster research in microelectronics, the development of a technologically advanced labor pool, and the creation of new industries in shanghai. this project would be best termed a

science park

Explanation:

A science park is usually an area allocated by a local government which is expressly devoted to scientific research, innovation or the development of new technologies and the industries related to them.

They are usually located near universities or other academic institutions and they main goal is to attract high tech industries.

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