Government Support for Innovation & Technology
The Innovation and Technology industry is one of the key economic areas that the Government seeks to further develop. Here you can learn about what initiatives the Government takes to promote and support the industry.
Establishment of Innovation and Technology Bureau
Formally established on 20 Nov 2015, the Innovation and Technology Bureau (ITB) is responsible for formulating holistic policies relating to innovation and technology; strengthening the co-ordination among the Government, industry, academia and research sectors; and expediting the development of innovation, technology and related industries in Hong Kong. The Bureau comprises an Innovation and Technology Branch and oversees the operation of the Innovation and Technology Commission (ITC) and the Office of the Government Chief Information Officer (OGCIO).
In Nov 2016, a 500-million Technology Voucher Programme (TVP) was launched on a pilot basis under the Innovation and Technology Fund (ITF) to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.More on the TVP
Other work priorities of the ITB include collaborating with relevant policy bureaux and government departments, as well as the public and private sectors, in examining Smart City initiatives, facilitating further use of public sector information and big data applications, and developing Hong Kong into a connected Wi-Fi City.More on the ITB
The Innovation and Technology Fund
The Innovation and Technology Fund (ITF), administered by the ITC, aims to assist local companies to upgrade their technological level and introduce innovative ideas to their businesses. You can refer to the following site for the application method and a list of funded projects.More on the ITF
The Research and Development Cash Rebate Scheme
The Research and Development (R&D) Cash Rebate Scheme aims to reinforce the research culture among business enterprises and encourage them to establish stronger partnership with designated local public research institutions. Under the scheme, a company will receive a cash rebate equivalent to 40% of its expenditure in R&D projects.More on the R&D Cash Rebate Scheme
To assist local technology start-ups and entrepreneurs to get through the most vulnerable inception stage of their businesses, the Hong Kong Science and Technology Parks Corporation (HKSTP) offers three incubation programmes to start-up tenants at the Science Park:
- Incu-Tech for new technology start-ups (three years);
- Incu-Bio for those involved in biotechnology (four years); and
- Incu-App for those focused in web- and smartphone-based apps (18 months).
The incubation programmes provide subsidised office space, financial aid package as well as a comprehensive range of support services for the incubatees during the incubation period.More on HKSTP Incubation ProgrammesMore on HKSTP
The Hong Kong ICT Awards
The Hong Kong ICT Awards aim to recognise, promote and commend the excellent achievements of the information and communications technology professionals and organisations in Hong Kong. It is supported by the OGCIO, Hong Kong Productivity Council and Hong Kong Trade Development Council (HKTDC).More on the Hong Kong ICT Awards
The ICT Industry Portal
The portal provides timely industry news, trade events information, easy sourcing, marketing tools and global business opportunities for the information and communications technology industry.Access the ICT Industry Portal
HKTDC International ICT Expo
The expo, organised by the HKTDC, showcases the newest products and solutions in information, communication and technologies such as telecommunications, multimedia, the Internet, digitainment, computer and peripherals.More on HKTDC International ICT Expo
HKTDC Inno Design Tech Expo
This is another event organised by the HKTDC which brings design, brand-management, marketing strategy and applied technology companies together to showcase practical technologies and commercial designs.More on InnoDesign Tech Expo