Swansea Council is hoping to encourage cutting-edge businesses to the city with the launch of a new economic strategy.
The aim is to build on the reputation the city already has with leading research and development companies that have already set up in Swansea, including the Technium initiatives and the new £50 million Institute of Life Sciences at Swansea University.
The Economic Regeneration Strategy will set out how new technology companies will fit into Swansea's economy over the next 10 years.
Andrew Davies, Minister for Enterprise, Innovation and Networks, said: "Swansea is playing a leading role in the transformation of Wales as a knowledge economy. This is a bold vision for a region at the cutting edge of research, technology and entrepreneurship."
Council leader Chris Holley said the strategy would help generate the right local economic conditions to create quality jobs for local people.
He said: "This strategy recognises that tackling economic inactivity and equipping our young people with the skills they need is the most effective platform for building economic success.
"It aims to develop key sectors in the local economy that are already doing well such as tourism, computing, life sciences, professional services and creative industries.
"These are very much at the heart of a strong knowledge economy and a revitalised Swansea will be well placed to take advantage of the success story of the city's university, which is a breeding ground for some of the brightest and best entrepreneurs in Wales."
