Innovation & Technology
Hong Kong’s capacity to innovate is supported by excellent connectivity with Mainland China and the rest of the world, strong research and development capability, world-class universities, and a robust intellectual property protection. The Government strives to create a vibrant ecosystem with excellent software and hardware support for industry players to collaborate on research, development and innovation.
Hong Kong is fast becoming a start-up hub for technology firms. The Government helps nurture a conducive environment for technology start-ups in collaboration with local R&D institutions and universities. Government initiatives include targeted funding programmes, (e.g. a dedicated venture fund programme to attract venture capital investment),tax relief to encourage R&D investment, research clusters in key technology area, and collaboration with the neighbouring Shenzhen Municipal People’s Government to develop the Hong Kong-Shenzhen Innovation and Technology Park.
With full support from the Mainland, Hong Kong scientists have been actively contributing to the country’s technological advancement.Hong Kong universities and research institutions are able to bid for funding for science and technology projects, thereby participating in major technology missions of the country.
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