A new zone located south to Guangzhou’s University City will be built for the development of higher education R&D, scientific and technological services, as well as innovative industry. The initial region of the zone, which is called Guangzhou’s International Innovation City, was officially approved on May 1st. The initial 10-square kilometer region costs over 3.7 billion yuan and is scheduled to be completed by 2014. It is positioned as an extension of University City, which is now home to 120,000 students studying at ten higher education institutions. It will accommodate the new campuses of Jinan University and Guangzhou’s Medical College.