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| No.6 June, 2010 |
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Hong Kong Government promotes technology transfer |
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 Promoting commercialisation is the key to an innovative economy, Commissioner for Innovation & Technology Janet Wong says, adding Hong Kong has both the potential and a real capability to commercialise innovative ideas and bring them to the global market.
Speaking at the opening ceremony of the University of Hong Kong/Oxford Isis Technology Transfer Training Workshop 2010 on June 8, she said Hong Kong technology start-ups had mushroomed over the last decade with some featuring prominently internationally.
She said the Government would encourage local universities to boost their efforts in technology transfer and to instil in project investigators the importance of commercialisation.
Noting Hong Kong has one of the world's most approachable governments, she said the administration believed innovation and technology held the key to the future in this knowledge-based era.
"Our key objective in the world of science and technology is to act as a facilitator," Ms Wong said.
"We will continue to provide the best soft and hard infrastructure to make our city an innovation and technology hub."
The Government is supporting the development of Science Park Phase 3, a HK$4.9 billion project which will contribute significantly to the city’s innovation and technology industry.
The commission also set up a HK$200 million R&D Cash Rebate Scheme in April to further promote research and development projects with a cash rebate equivalent to 10% of a company’s investment.
"We hope this scheme will inculcate a research culture among enterprises and encourage them to establish long-term partnerships with research institutions. As a result, the R&D capabilities of Hong Kong will be enhanced, and more business and employment opportunities will be created."
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